How to Improve your Florida Contractor Credit Report Score

A 3d model of a house under construction with cranes and blueprints. One of the most difficult requirements for people to meet in order to become a general contractor in Florida is the financial responsibility requirement and we are here to help you improve Florida contractor credit report. Most people assume that the only requirement is passing the exam, but actually the financial responsibility section of the application is one of the most difficult to complete.

Here is a list of the financial requirements needed to obtain your Florida general contractors license, provided by the Florida Department of Business and Professional Regulation:

  • There are no unsatisfied liens against the applicant or the company he or she intends to qualify
  • There are no unsatisfied judgments against the applicant or the company he or she intends to qualify
  • Applicant has a 660 FICO derived credit score or higher, or submits a licensing bond or irrevocable letter of credit
  • The licensing bond or letter of credit shall be maintained until the applicant has achieved a FICO credit score of 660 or higher

Our Florida Contractor Credit Report services can help you make sure that you have the proper documentation to improve Florida contractor credit report to prove your financial stability and move forward on your path to becoming a licensed general contractor. Notice that the last requirement on the list is a credit score of 660 or higher. Because this tends to be the most difficult requirement for people to meet, our team has compiled a list of tips on how to increase your credit report to obtain your general contractor license.

Try these tips to increase your credit score, found on FICO.com:

  • Know your score. You can’t fix something if you don’t know whether or not there is a problem. Our Florida Contractor Credit Report services will help you obtain a copy of your FICO credit score so we can see if you meet the requirement or if we need to make some adjustments to your score, i.e. following these next few tips on how to raise your credit score.
  • Make payments on time. One of the biggest factors in your credit score is whether or not you make your payments on time. Set up payment reminders for yourself to make sure that you are taking care of your bills before the due date.
  • Reduce your debt. If possible, stop or limit your use of credit cards. Then research which of your cards have the highest interest rate and set yourself up on a payment plan to eliminate the highest interest cards first.

  For more tips on how to improve Florida contractor credit report and what our Florida Contractor Credit Report services can do for you, call our office to schedule a consultation.

 

Contractors Reporting Services
 13795 N Nebraska Ave
Tampa, FL 33613
1.800.487.2084

 

A yellow hard hat is shown on a white background

Essential Business Tools for a FL General Contractor – Part 3 of 3

By crs-admin • January 27, 2016
Contractors Reporting Services wants to help you gather the business tools you need to ensure your success after getting your FL Contractors license. Once you’ve completed the first steps by meeting the Florida general contractor license requirements, it is time to focus on building professional relationships and networks to strengthen ties and increase your opportunities forContinue reading
A crossed wrench and screwdriver with a yellow handle

Essential Business Tools for a FL General Contractor – Part 2 of 3

By crs-admin • January 18, 2016
At Contractors Reporting Services, we work hard to help with your Florida Contractor License Requirements. Answering your questions about how to become a contractor is our primary goal, but we don’t stop there. We are here for you, throughout your career as a General Contractor licensed in FL, helping with how to set up your corporationContinue reading
A man wearing a tool belt with a hammer in his pocket.

Essential Business Tools for a FL General Contractor – Part 1 of 3

By crs-admin • January 12, 2016
At Contractors Reporting Services, we work hard to make your FL Contractors licensing and renewal processes as efficient as possible. You begin by asking about how to become a contractor, but once we assist you through the licensing process, you will likely be looking for online tools to get your business and professional tasks up toContinue reading
A group of people are looking at a laptop together

Why Consider a Specialty License?

By crs-admin • October 22, 2015
Becoming an FL General Contractor is the best decision for anyone looking to get a contracting business started. The term “general” gives the sense that most of the jobs you would be presented with could be handled, as long as you hold a license as a FL General Contractor. This is true, however, there mayContinue reading
A person is writing on a piece of paper with a pen.

Contractor Test – October 13th & 14th

By crs-admin • October 15, 2015
PRESS RELEASE     CONTRACTOR TEST – OCTOBER 13th & 14th Osceola Heritage Park Exhibition Building 1901 Chief Osceola Trail Kissimmee, FL 34744-6112 Kissimmee, FL (October 5, 2015) – Contractors Reporting Services, a full-service agency that assists contractors with the complete licensing, Contractor Test and approval process, will be on-site to help you get your questionsContinue reading
A man wearing a hard hat and a red shirt is working on electrical wires

How to Get an Electrical Contractors License in FL

By crs-admin • October 8, 2015
Getting your Electrical contractors license in FL can be a complicated process, but if you utilize the right resources, you can get through it without even breaking a sweat. There are several steps that must be taken to ensure that your licensing requirements have been met and you are ready to get your business offContinue reading
A construction worker stands in front of a large yellow crane that says nor

General Liability Insurance and Your Florida Contractors License

By crs-admin • October 1, 2015
Obtaining your Florida General Contractors License is an in-depth, but very straightforward process. As long as you meet the application and licensing requirements, little can stand in the way of you getting your business started. However, making sure that every single box is checked requires a complete and comprehensive knowledge of the requirements throughout theContinue reading
A man is talking on a cell phone while looking at blueprints

Florida’s surging construction industry faces worker shortage

By crs-admin • September 24, 2015
Since joining his father’s construction crew when he was 16, Casey Ellison has ridden 21 years of Florida building booms and busts and construction industry faces worker shortage. This time, though, the recovery is playing out a different way. As both commercial and residential development picks up, construction managers are having a hard time fillingContinue reading
A group of people are standing on puzzle pieces holding hands

How to Get Your Customers to Say “Yes” – Part 2

By crs-admin • September 19, 2015
Like we’ve said before, Contractors Reporting Services is here to help with everything you need to obtain and maintain your Fl contractors license; but we also want to see your business succeed. In Part 1 of “How to Get Your Customers to Say ‘Yes’,” we offered a few foundational tips to help you gain your clients’Continue reading
Two men in suits are shaking hands on a white background.

How to Get Your Customers to Say “Yes” – Part 1

By crs-admin • September 9, 2015
Contractors Reporting Services is here to help with everything you need to obtain and maintain your contractors license FL; but our work doesn’t end there. We want you to be successful in growing your contracting business and your customers are the first and fastest way to get it off the ground. But finding customers isContinue reading
More Posts