“Just like your personal credit profile a strong business one will develop the lending and risk DNA of your business. You can also use the insights to help better understand the credit worthiness of your clients and customers, which may assist you with your own internal processes.
“Most of your credit score will come down to how often you apply for credit (frequency) and if you pay your debts on time (character).
“My top tips are:
“Improving your business efficiencies and managing your cashflow is the best way to improve and manage your business credit score.”
This post was last modified on December 2, 2022
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