Paydex
Encyclopedia
Paydex is a term used in business, for a numerical score granted by Dun and Bradstreet to Business as a credit score
for the promptness of their payments to creditors. The Paydex score is used for commercial organizations in a manner similar to the way the FICO
score is used for individuals.
While individual credit score take a number of factors into consideration, Paydex is calculated based one single factor - whether a business makes prompt payments to its suppliers and creditors within the agreed upon terms of payment.
The Paydex Score ranges from 0 to 100 (best). A Paydex of 80 or higher is considered healthy for a company - that is a company is paying its suppliers and vendors on time, before they are due, or past due. Today most lenders and suppliers are looking for a score of 75 and higher.
see also: D.U.N.S.
Credit score
A credit score is a numerical expression based on a statistical analysis of a person's credit files, to represent the creditworthiness of that person...
for the promptness of their payments to creditors. The Paydex score is used for commercial organizations in a manner similar to the way the FICO
Fico
Fico may refer to:* Fair Isaac Corporation , an American company* FICO score, a credit score developed by Fair Isaac Corporation * Hurricane Fico, a hurricane in the 1978 Pacific hurricane season...
score is used for individuals.
While individual credit score take a number of factors into consideration, Paydex is calculated based one single factor - whether a business makes prompt payments to its suppliers and creditors within the agreed upon terms of payment.
The Paydex Score ranges from 0 to 100 (best). A Paydex of 80 or higher is considered healthy for a company - that is a company is paying its suppliers and vendors on time, before they are due, or past due. Today most lenders and suppliers are looking for a score of 75 and higher.
see also: D.U.N.S.