Do you have a clean credit record?

Every individual and business has a credit record based on collected data, but it can be hard to know what it actually says or how much information is on file.

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Do you have a clean credit record?

When it comes to borrowing funds, having a good credit history is vital.

Recent changes to the credit reporting system mean that businesses and individuals seeking to borrow money need to have a squeaky clean record in terms of meeting loan repayments and paying bills on time, or risk being refused finance.

Every individual and business has a credit record based on collected data, and even those that are aware of this may not know what it actually says or how much information is on file.

What you need to know

Following are some points that may help you understand how your credit rating can affect your business obtaining finance in the future:

Click here to read the rest of the article, plus the remaining nine articles in the course.

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