IMPROVING YOUR CREDIT BY PAYING BILLS LATER, RATHER THAN SOONER
Every business will get to the point where suppliers will offer terms on bills, rather than requiring payment up front
or on delivery. Their bills will probably be marked "2/10, net 30." This means you get a 2% discount if you pay within
10 days, and the bill is due within 30 days. Many business owners will jump at the opportunity to save the 2% by
paying early, and rightfully so. However, believe it or not, they can help their credit rating by paying at the end of 30
days. How is this so?
