Frequently Asked Questions

In the following list, you will find answers to frequently asked questions.

Open-account, short-term (usually 30 to 90 days) deferred payment terms offered by a seller to a buyer as a standard trade practice or to encourage sales. In some trades, such as the jewelry business, the credit may extend to 180 days or even longer.

A specific type of trade credit where the payment is due in full 30 days after the item is purchased. Net 30 accounts are an excellent way for a new business to establish tradelines and payment history on their Equifax Business credit reports.

We will report your business as a business to which we have extended net 30 terms. You will see a net 30 tradeline account from us on your Equifax business credit reports.

Once you make your first purchase, we can provide you with opportunities to increase your credit limit, get other tradelines and grow faster by making ongoing purchases with us. If you have further questions, please get in touch with us.

A credit reference letter can help you get approved for services based on your dealings with suppliers you’ve previously used. The reference provider vouches for you, making the letter recipient more comfortable with extending credit. These letters are also called letters of good credit or “good standing.” Don’t hesitate to contact us if you need a credit reference letter.