News — credit rating
Keeping Up Your Credit Rating
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Just as you need to keep an eye on your customers’ credit rating, your suppliers are likely to be doing the same for you. If your credit score slips below 80, red lights will start flashing. Interest rates might go up, the bank will start to ask questions, lenders might call in their loans, suppliers may withdraw credit. The life of your business will get a lot more difficult. What Affects the Business Credit Rating? You are probably aware that you need to make payments on time and keep on the right side of the law and regulation. You may...