Better credit helps you borrow more and at better rates. Quickly build your credit score to improve your business’s financial health, all without the need for a credit card.
Your credit score plays a key role in not only your chances of securing funding for your business, but also impacts the cost of funding. Better credit means better rates, better loan terms, and more funding choices! See the difference for yourself:
Credit scores provide a snapshot out of 100 of the financial health and creditworthiness of an individual or organisation, calculated by measuring payment and default history, levels of debt, legal problems and more. Banks, major suppliers, and lenders will check your credit score to understand your financial position of the level of risk; better credit scores usually lead to lower interest rates and increased lending options.
Your credit score is impacted by a range of factors, including your payment history, credit utilization, length of credit history, and number of new credit inquiries.
Paying your bills on time and keeping balances low will help you improve your score over time.
There are numerous ways to improve your credit score, including:
UK
IRE
AU
CA
US
ZA
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