How to Improve your Business’ Credit Score

While business confidence levels in the UK have remained relatively high in recent times, it appears as though the looming spectre of Brexit is finally beginning to take its toll. Most tellingly, the ICAEW Business Confidence Monitor showed that sentiment declined sharply at the beginning of the fourth quarter, falling to -12.3 in October. To put this into perspective, it’s the lowest level since April 2009, when the country was managing the fall-out from the great recession.

business credit score

While entrepreneurs may be growing increasingly concerned as Brexit approaches, however, it’s important that they take practical steps to safeguard their ventures. One of the most important measures is to improve (or at least consolidate) your credit score, so following are some simple steps to help you achieve this goal.…

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How to Use Your Business Credit Score to Your Advantage

While many business owners are more than aware of their personal credit scores, there are many who are simply unaware of how their company’s credit score contributes to their potential success.

Business credit score

As most professionals know, a good, clean credit score can be the difference between loan or mortgage approval. If you have ever applied for credit, a lender will generally use this metric in their assessment of you and the risk you pose to their business. This three figure number (generally between 300 and 900) is a representation of your history of how you have handled credit. This information is widely available in 2018, meaning that there is no excuse not to be familiar with how lenders treat you, considering that almost everyone has access to their free credit score.…

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When the Numbers Don’t Add Up: Three Ways to Improve Your Business Credit Score Quickly

If you find your business becoming rejected and denied for loans left and right, then chances are that your business’ credit score and history are to blame. Obtaining a copy of your current credit report will allow you to quickly see just how bad things have gotten, especially if you have an extensive list of negative accounts and activity within it. Fortunately, there are several effective ways that you can get the ball rolling in the right direction again and eventually improve your business credit score over time.

Business credit report analysis

Identify and Rectify Your Errors

Although the vast majority of the information that is reflected within your business credit report is accurate, it is possible to have an abundance of errors in it, as well.…

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