How is a business credit score established? What are your best chances of securing a loan? Below are some factors that can affect the future of your business credit and how to get the best off them: Payment History – Payment history is a very...
There are five Cs in business credit, and they are: 1. Character 2. Capacity 3. Capital 4. Conditions 5. Collateral Character is what defines you. It’s about your stability, personal history and level of reliability. This particular variable is more subjective which is why it is more...
Many people don’t really understand how consumer credit systems work, and many more are ignorant about how a business credit system operates. Am going to talk about some common “myths” associated with business credit and differentiate the facts from fiction in this article. Myth #1: There’s...
If we’re talking about the business world, Paydex score is the biggest credit score and it is a product of Dun and Bradstreet. They assess the lending risk of businesses the same way consumer credit scores are able to reflect the individual credit risk of...