Credit experts suggest that you start building on your Paydex score from 3 to 6 months in advance, before you begin applying for a loan. By monitoring your business credit score, you'll be quickly notified whenever your score needs to be improved. The easiest way for improving your business credit score includes paying your obligations and loans ahead of schedule. The classic case of over-utilization of credit cards happens when the individual runs out their balance, or goes over their credit limits, and only pays the minimum amount each month to avoid further financial problems. Always make it a habit to use your credit cards only when required, and always settle your balances as soon as possible. If you only charge your card for the items that you can afford to pay, then you won't need to wrangle with any future debt problems By paying your credit card's balance every month, this would indicate that you're capable of paying your bills, and will send a positive signal to most creditors and lenders. Make Sure Each Report Is Not Past The 7-Year Limit Once you get a copy of your credit report from the major credit agencies, compare each of the reports, and ensure that these are not past the seven year limit for reporting of any errors or negative information. Also determine if the status and delinquency dates are not incorrectly noted. When Making Inquiries, Check Your Credit Report With A Fine Comb According to most credit experts, a lot of people often check out their credit report every month. However, the sad thing is that whenever they check the report, they don't look at the finer details, and usually don't check the report for any errors, or any inconsistencies and flaws in the data entered. Remember that your initial objective is to establish a viable business entity, where are the appropriate details are in place. Determine The Exact Requirements Of Creditors And Credit Bureaus Next, find out and anlyze the exact requirements of most lenders and credit bureaus. Once you find out the exact requirements, accomlish each one of them, and personally assess your credit standing.