The individual s financial data is submitted to a credit reporting agency by creditors, debt collection agencies, the courts and other public or federal agencies. Once a note or comment has been made or added to the person s credit report, it stays there for sometime. If the note is a positive one, it ensures that you ll have an easy time availing of different forms of financing. Report Your Transactions To The Major Credit Bureaus Once you determine the requirements of credit bureaus, the next step should be to report your transactions and financial undertakings to the major creidt burueaus today. Provide copies of your reports to agencies like Experian, Equifax, Dun And Bradstreet, Business Credit USA and others. Incurring High Credit Card Balances Whenever a person incurs high balances in their credit cards, their credit scores go down hard too. 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. While your creditors may look like heartless individuals, the truth is that they are not your enemies. Creditors are in business because they earn a profit from their lending services, and if you don t pay your debts, the creditor will also feel the pinch, and his bottom line gets hurt as well. It would be better if you sit down and negotiate with your creditors, since most of them are willing to understand your difficult financial condition, and may be more than willing to offer an easy way out of your financial mess. Add Other Small Forms Of Credit Once you've paid-off a large portion of your current debts, add other forms of credit, like get a small mobile phone contract, and pay it off every month. Small bills like mobile phone monthly payments may help to enhance your credit rating, and will also indicate that you're well-rounded when it comes to handling different forms of credit. How Lenders View Your Business Credit Score Most business creditors today expect their clients, or just about any other business entity, to have a Paydex account, as well as a business credit score. Most lenders take a close look at a company's business credit score, before considering to lend them any amount of money.