What is the purpose of a credit score?

23/03/2021 Other Services

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A credit score is a number lenders use to help them decide how likely it is that they will be repaid on time if they give a person a loan or a credit card. Your personal credit score is built on your credit history. Similarly in a business, your credit history is maintained by the credit bureaus like CreditQ.

They make a credit score for your business. According to the credit history. This credit score will help you to do business with new businessmen. If your credit score is low, you are not collaborating with new businessmen. So for the Good business deals make sure your business credit score is maintained at a good level.

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