Step 7.1 Revolving Account: Tier 4 | Lyfe Funding DIY

LF DIY Demo

BUSINESS CREDIT & FUNDING PLATFORM

STEP 7.1 – REVOLVING ACCOUNTS: TIER 4

MAIN MENU

➡ STEP 1 – BUSINESS CREDIBILITY

• Step 1.1 Business Name
• Step 1.2 Business Address
• Step 1.3 Business Entity
• Step 1.4 EIN#
• Step 1.5 Business Phone # & 411
• Step 1.6 Business Email
• Step 1.7 Business Licence
• Step 1.8 Business Bank Account
• Step 1.9 Business Merchant Account
• Step 1.10 Wrap Up

➡ STEP 2 – ESTABLISH BUSINESS REPORT

• Step 2.1 Dun & Bradstreet
• Step 2.2 Experian Business
• Step 2.3 Equifax Business
• Step 2.4 Reporting- How to Fix Business Credit

➡ STEP 3 – START BUILDING: TIER 1

• Step 3.1 Start Building: Tier 1

➡ STEP 4 – BUSINESS REPORT MONITORING

• Step 4.1 Credit Monitoring
• Step 4.2 Monitor Dun & Bradstreet
• Step 4.3 Monitor Experian Business
• Step 4.4 Monitor Equifax Business
• Step 4.5 Request Lexis Nexis report
• Step 4.6 Request Chex Systems Report

➡ STEP 5- BUILDING CREDIT: TIER2

• Step 5.1 Building Credit: Tier2

➡ STEP 6 – ADVANCED BUILDING: TIER 3

• Step 6.1 Advanced Building: Tier 3

➡ STEP 7 – REVOLVING ACCOUNT: TIER 4

• Step 7.1 Revolving Account: Tier 4

OVERVIEW

Tier 4 of trade accounts further builds your business credit reports. Another 3 trade accounts reporting brings your total to 12.

WELCOME TO TIER 4! GREAT JOB FOR MAKING IT TO THIS POINT! YOU NEED AT LEAST 12 TRADE ACCOUNTS REPORTING ON YOUR BUSINESS CREDIT REPORTS TO COMPLETE TIER 4. PLEASE SCROLL TO THE APPLY FOR TRADE ACCOUNTS AND ADD IN ANY ACCOUNTS THAT ARE REPORTING.

APPLY FOR 3 TRADE ACCOUNTS

You currently have at least 9 trade accounts reporting, but now it is time to establish your business credit reports even further. Please select and apply for 3 more trade accounts.

Remember to use your correct business information when applying, as all information should match your business records perfectly.

When you make a purchase, do so on your net /credit terms. It is payments on net / credit terms that are reported.

To ensure that your vendor’s report your payments, make a purchase of $50 or more. Need help? Call our Advisor Team for details.

On average it takes 30-90 days for your trade accounts to report and to complete this step.

REPORTS TO:

D&B

TERMS: Net 30

PG / NO PG:

Personal Guarantee Required

TERMS: Revolving

PG / NO PG:

Personal Guarantee Required

REPORTS TO:

Experian

TERMS: Revolving

PG / NO PG:

No Personal Guarantee Required

REPORTS TO:

D&B and Experian

TERMS: Net 20, 25 or Revolving

PG / NO PG:

No Personal Guarantee Required

REPORTS TO:

D&B and Experian

TERMS: Revolving

PG / NO PG:

No Personal Guarantee Required

REPORTS TO:

D&B, Experian and Equifax

TERMS: Net 7, 10 or 14

PG / NO PG:

No Personal Guarantee Required

REPORTS TO:

D&B and Experian

TERMS: Net 7, 13 or 15

PG / NO PG:

No Personal Guarantee Required

REPORTS TO:

D&B , Experian and Equifax

TERMS: Revolving

PG / NO PG:

No Personal Guarantee Required

REPORTS TO:

D&B, Experian and Equifax

TERMS: Net 15, 30 or Revolving

PG / NO PG:

No Personal Guarantee Required

REPORTS TO:

D&B and Experian

TERMS: Net 7 or Net 22

PG / NO PG:

Personal Guarantee Required

REPORTS TO:

D&B and Experian

TERMS: Net 15

PG / NO PG:

Personal Guarantee Required

REPORTS TO:

D&B, Experian and Equifax

TERMS: Revolving

PG / NO PG:

No Personal Guarantee Required

REPORTS TO:

D&B and Experian

TERMS: Net 15

PG / NO PG:

Personal Guarantee Required

REPORTS TO:

D&B

TERMS: Revolving

PG / NO PG:

Personal Guarantee Required

REPORTS TO:

D&B

TERMS: Net 15 or 30

PG / NO PG:

No Personal Guarantee Required

REPORTS TO:

D&B and Experian

TERMS: Net 30, 90 or Revolving

PG / NO PG:

No Personal Guarantee Required

________________________________

________________________________

REPORTS TO:

Creditsafe (Net 30), D&B, Experian, Equifax (Business credit cards)

TERMS: Net 30 or Revolving

PG / NO PG:

No Personal Guarantee Required

REPORTS TO:

D&B, Experian and Equifax

TERMS: Lease or Loan

PG / NO PG:

No Personal Guarantee Required

REPORTS TO:

D&B, Experian and Equifax

TERMS: Loans or Leases

PG / NO PG:

No Personal Guarantee Required

REPORTS TO:

D&B, Experian and Equifax

TERMS: Lease or Loan

PG / NO PG:

No Personal Guarantee Required

REPORTS TO:

D&B, Experian and Equifax

TERMS: Net 30

PG / NO PG:

No Personal Guarantee Required

REPORTS TO:

D&B , Experian and Equifax

TERMS: Net 30

PG / NO PG:

No Personal Guarantee Required

REPORTS TO:

D&B, Experian, Equifax, and Paynet

TERMS: Net 30, 60, 90, Financing or Leasing

PG / NO PG:

No Personal Guarantee Required

REPORTS TO:

D&B

TERMS: Revolving

PG / NO PG:

Personal Guarantee Required

REPORTS TO:

D&B and Experian

TERMS: Net 15

PG / NO PG:

Personal Guarantee Required

REPORTS TO:

D&B, Experian and Equifax

TERMS: Revolving

PG / NO PG:

No Personal Guarantee Required

REPORTS TO:

Experian and Equifax

TERMS: Revolving

PG / NO PG:

Personal Guarantee Required

REPORTS TO:

D&B and Experian

TERMS: Net 15

PG / NO PG:

Personal Guarantee Required

REPORTS TO:

D&B and Experian

TERMS: Net 15

PG / NO PG:

Personal Guarantee Required

REPORTS TO:

D&B

TERMS: Revolving

PG / NO PG:

Personal Guarantee Required

REPORTS TO:

D&B

TERMS: Revolving

PG / NO PG:

Personal Guarantee Required

REPORTS TO:

D&B and Experian

TERMS: Net 7

PG / NO PG:

Personal Guarantee Required

REPORTS TO:

D&B and Equifax

TERMS: Revolving

PG / NO PG:

No Personal Guarantee Required

REPORTS TO:

D&B and Experian

TERMS: Net 30, 50 Revolving or Pay-in-full

PG / NO PG:

No Personal Guarantee Required

REPORTS TO:

D&B, Experian and Equifax

TERMS: Revolving

PG / NO PG:

No Personal Guarantee Required

step7-1

LOADING…