![]() ![]() Once you've run your business credit report, you should be able to view your entire history. Make sure you address any credit reporting errors immediately.Allec recommends ensuring that your balances stay below the 15% threshold of your credit limit. Improve your credit utilization-that is, the amount of credit you use, compared to the amount available to you (the less you use, the better).Make sure you pay all your bills on time you can do this by setting up automatic payments or calendar reminders.If your business credit score is not as high as you'd like, there are a few steps you can take to improve it, according to Allec: "You will likely be able to qualify for a larger loan and have to carry less insurance. "The higher your score, the lower the interest rate and the longer term you will get, i.e., lower monthly payments," says Brian Cairns, CEO of ProStrategix Consulting. When you have a good business credit score, you'll receive a number of benefits when seeking a loan. CHECK MY BUSINESS CREDIT SCORE HOW TOHow to Improve Your Business Credit Score
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