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.

NAB Short Course - Sponsored Feature

This is an excerpt from Business Spectator’s new short course on Financing Growth. Click here to read the rest of the article, plus the remaining nine articles in the course.

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.

InvestSMART FORUM: Come and meet the team

We're loading up the van and going on tour from April to June, with events on the NSW central & north coast, the QLD mid-north coast and in Perth, Adelaide, Melbourne, Sydney and Canberra. Come and meet the team and take home simple strategies that you can use to build an investment portfolio to weather any storm. Book your spot here.

Want access to our latest research and new buy ideas?

Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.

Sign up for free

Related Articles