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Net 30 Trade Payments - How Early Are You Guys Dishing Out The Cash

lukegotswag

By lukegotswag,
in Business Credit

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The last post in this topic was posted 4191 days ago. 

 

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lukegotswag

lukegotswag

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Sitting here looking at Reliable INVOICE dated and Invoice Date states 6/4 ... i havent done this Net 30 thing in so long so just wondering.. has anything come into the picture making it negative to pay trades too soon. Thinking about sending off the cash for Reliable on tomorrow but recall reading some articles where some were stating instances of not believing it makes it look realistic for business to make payments "too on time" ... nonetheless.... any opinions and feedback appreciated..

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BRBiz

BRBiz

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Pay it when ever you want.. Paying early wont have a negative effect on your credit profile and can actually boost it but in the past some and maybe even I have mentioned that some creditors/suppliers may look at your company a little closer just because most companies take the full 30 days to pay or pay late on a regular basis.

 

Its possible to get a 100 paydex if you paid all your invoices early but the companies would have to report it that way in order to get there which just doesn't happen enough most of the time.

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lukegotswag

lukegotswag

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Pay it when ever you want.. Paying early wont have a negative effect on your credit profile and can actually boost it but in the past some and maybe even I have mentioned that some creditors/suppliers may look at your company a little closer just because most companies take the full 30 days to pay or pay late on a regular basis.

 

Its possible to get a 100 paydex if you paid all your invoices early but the companies would have to report it that way in order to get there which just doesn't happen enough most of the time.

Dually noted.... Thanks BRB... you and Stroked stay righ ton time with the replies!! ...

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msfgrp11

msfgrp11

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Sitting here looking at Reliable INVOICE dated and Invoice Date states 6/4 ... i havent done this Net 30 thing in so long so just wondering.. has anything come into the picture making it negative to pay trades too soon. Thinking about sending off the cash for Reliable on tomorrow but recall reading some articles where some were stating instances of not believing it makes it look realistic for business to make payments "too on time" ... nonetheless.... any opinions and feedback appreciated..

Pay it whenever you want but keep in mind that if you pay it too soon the trade line may never get reported with some creditors. All creditors generally have a cut off date to report their payment experiences to the Credit Bureaus.

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GR8WhiTE

GR8WhiTE

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Sitting here looking at Reliable INVOICE dated and Invoice Date states 6/4 ... i havent done this Net 30 thing in so long so just wondering.. has anything come into the picture making it negative to pay trades too soon. Thinking about sending off the cash for Reliable on tomorrow but recall reading some articles where some were stating instances of not believing it makes it look realistic for business to make payments "too on time" ... nonetheless.... any opinions and feedback appreciated..

Pay it whenever you want but keep in mind that if you pay it too soon the trade line may never get reported with some creditors. All creditors generally have a cut off date to report their payment experiences to the Credit Bureaus.

Very true! I had went through that. If you pay it quick they sometimes treat it as a "cash" payment experience.

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lukegotswag

lukegotswag

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Posted

 

 

Sitting here looking at Reliable INVOICE dated and Invoice Date states 6/4 ... i havent done this Net 30 thing in so long so just wondering.. has anything come into the picture making it negative to pay trades too soon. Thinking about sending off the cash for Reliable on tomorrow but recall reading some articles where some were stating instances of not believing it makes it look realistic for business to make payments "too on time" ... nonetheless.... any opinions and feedback appreciated..

Pay it whenever you want but keep in mind that if you pay it too soon the trade line may never get reported with some creditors. All creditors generally have a cut off date to report their payment experiences to the Credit Bureaus.

Very true! I had went through that. If you pay it quick they sometimes treat it as a "cash" payment experience.

This is good info.... hmmmmm.... since im assuming no one knows off the top of their head when Reliable reports for the month, i will go ahead and pay this right around the end of the month... about maybe the 28th or so... with it being due on 7/2 .... very insightful info... do people memorize when vendors report still.. i remember we had a decent bit of people that used to study that on here "back in the day" .. lol

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lukegotswag

lukegotswag

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:yahoo::yahoo::yahoo: And That Ladies And Gentlemen..... Was Post Number 100!!!!!!!!!! :yahoo::yahoo::yahoo:

 

And Steel...BRB.... MSFG....Stroked.. dont come in here with the jokes ok... *as i look at your post counts* ...

 

I am Well on my way... and thats all i have to say about that.... :beee:

Edited by lukegotswag
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GR8WhiTE

GR8WhiTE

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Sitting here looking at Reliable INVOICE dated and Invoice Date states 6/4 ... i havent done this Net 30 thing in so long so just wondering.. has anything come into the picture making it negative to pay trades too soon. Thinking about sending off the cash for Reliable on tomorrow but recall reading some articles where some were stating instances of not believing it makes it look realistic for business to make payments "too on time" ... nonetheless.... any opinions and feedback appreciated..

Pay it whenever you want but keep in mind that if you pay it too soon the trade line may never get reported with some creditors. All creditors generally have a cut off date to report their payment experiences to the Credit Bureaus.

Very true! I had went through that. If you pay it quick they sometimes treat it as a "cash" payment experience.

This is good info.... hmmmmm.... since im assuming no one knows off the top of their head when Reliable reports for the month, i will go ahead and pay this right around the end of the month... about maybe the 28th or so... with it being due on 7/2 .... very insightful info... do people memorize when vendors report still.. i remember we had a decent bit of people that used to study that on here "back in the day" .. lol

depends on when your purchase ships out. You have 30 days to make the payment from the ship date on your invoice.

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GR8WhiTE

GR8WhiTE

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Reliable is a good company...speaking of which................

 

Has anybody ever had those chocolate chip cookies that they give you free with either $100 or $200 order? Wow those are good! I'm ready to start a thread on that haha

Edited by steelcity
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lukegotswag

lukegotswag

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Reliable is a good company...speaking of which................

 

Has anybody ever had those chocolate chip cookies that they give you free with either $100 or $200 order? Wow those are good! I'm ready to start a thread on that haha

:rofl::rofl: Well this is my first order and that was only for $57... stocked up on ink cartridges but hmmmm.... may have just found the motivation to go a lil higher... lololol

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msfgrp11

msfgrp11

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Reliable is a good company...speaking of which................

 

Has anybody ever had those chocolate chip cookies that they give you free with either $100 or $200 order? Wow those are good! I'm ready to start a thread on that haha

hahaa, yeah, they are good! Also, they recently sent me a free pink bag that my daughter scooped up as soon as she saw it, hahaa!

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