The Importance of Business Credit

By
Mortgage and Lending with National Credit Fixers - Matt Listro

Individuals know the importance of their credit score. It determines whether or not they can buy a house, or a car, or get a loan! Their credit score is checked wherever they look, from applying for a job, to applying for a store card, to getting a mortgage. As such, people (or most of them anyway) try to improve their credit wherever possible.

 

But in a Business, all too often credit falls under the radar. Businesses don't realize that their credit can have a monumental impact, and many don't understand that businesses get credit rated too! Similar to personal credit, your business credit score determines how much of a risk you are. If you are a low risk, it is much easier to find funding for your business. But if your credit score is low, you might find it incredibly difficult to get any sort of loan to grow your business. In fact, you may find it hard to even go about the normal everyday financial workings of your business, such as ordering supplies and using a business credit card.

 

Because of this, I advise all businesses to keep a close watch on their business credit! Reporting is done through Experian, Equifax, and Dun and Bradstreet, and reports can be obtained from these companies. In fact, I have launced a new business credit program through National Credit Fixers, that can help a business fix its bad credit, or even help kickstart a credit history for a new business!

 

 

:)

 

 

 

Matt

Toll Free: 888-NCFIXER (623-4937)
Toll Free Fax: 888-FAX-4020 (329-4020)
Local: 860-282-6181
281 Hartford Turnpike Ste 500

 

Vernon CT 06066

 

 

 

Posted by

Matt

Toll Free: 888-NCFIXER (623-4937)
Toll Free Fax: 888-FAX-4020 (329-4020)
Local: 860-282-6181
281 Hartford Turnpike Ste 500

Vernon CT 06066

credit repair company

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Rainmaker
1,185,295
Adrian Willanger
206 909-7536 AdrianWillanger-broker.com - Seattle, WA
Profit from my two decades of experience

Matt-this just makes total sense, individual and businesses both need to monitor and stay vigilant about protecting their credit. 

May 29, 2013 01:33 AM #1
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Joni Bailey
101 Main St. Realty - Huntsville, TX
Your Huntsville / Lake Livingston Area REALTORĀ®

Wow! You're right and I can certainly see how this can be easily overlooked as many SBO's do not use credit. That doesn't mean it shouldn't be monitored!!

May 29, 2013 01:50 AM #2
Rainmaker
659,688
Christine O'Shea
Christine E O'Shea Broker - Naples, FL

Great information, Matt.  I will have to look into that as we are just getting our business off of the ground!

May 29, 2013 04:34 AM #3
Rainmaker
383,737
Matt Listro
National Credit Fixers - Matt Listro - Vernon, CT
Your Credit Repair Expert

Thanks everyone for your responses! Hopefully this information can come in handy to you (or to pass on!) someday.

:)

May 29, 2013 05:14 AM #4
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Rainmaker
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Matt Listro

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