Steps to Control Your Company Credit Score

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Steps To Control Your Company Credit Score
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Control Your Company Credit Score

• For a running business enterprise, a high
  business credit score matters a lot. It reflects
  your efforts to follow standard business
  practices and do everything the ethical way, from
  paying your dues on time to keeping a check on
  your expenses. While it takes time to build a
  good credit history, your company credit score
  can help you a great deal in achieving it.
• Here We share some of the techniques to control
  your company credit score

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Pay Your Dues On Time

• Its a no-brainer that you should pay your dues
  timely to avoid late payment charges. It can also
  ruin your reputation in the market and a possible
  fallout with your clients. All this can impact
  your company credit score negatively. The
  solution to this is to set alerts and reminders
  that help you pay your vendors and suppliers on
  time. 

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Check Your Company Credit Score

• If you want to control your business credit
  score, you must develop a habit of reviewing your
  business credit report regularly. If you track
  your business credit report on regular bases, you
  can understand with the facts that when it gains
  or loss

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Maintain Good Credit History

• Needless to say, if you maintain a good credit
  history, you stay away from payment defaulters
  and dont become one yourself. The idea behind it
  is to enjoy financial stability and a good
  rapport in the market. By reviewing your credit
  history, your existing lenders and investors may
  get impressed and show enthusiasm for taking up a
  new project with you.

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Take Care of Your Debators

• You may experience a cash crunch due to the
  unavailability of funds. This cash crunch may
  occur because of your business credit defaulters.
  Your money could be stuck with a vendor, or you
  may observe a cycle of late payments or irregular
  payment patterns. It can lead to a poor credit
  report and a low company credit score. Its not
  your fault, but you may bear the brunt.

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Don't Misuse Business Funds

• Your business may lose its creditworthiness due
  to your casual habit of wasting business funds.
  If you think you can make do with the existing
  equipment for this quarter, do not purchase the
  new one. Its an unnecessary expense and can make
  you obliged to take credit from others.

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Thank You

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• Email support_at_creditq.in
• Website https//creditq.in