Understanding Credit
What Is Credit?
Understanding your credit is vital in your financial viability personally as well as with your business. The biggest misnomer in today’s global economic crisis is that banks, lease companies, and all other lender’s have no money to lend. That couldn’t be farther from the truth. They have money but now look at each application carefully, request documentation, and need to be sure that your company will prosper and be able to pay off the loan or lease.
Personal credit worthiness determined by the three credit bureaus and business credit established through trade references and the Dunn & Bradstreet (D & B) business credit report are a major influence in accessing the billions of dollars available to the businesses.