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  • Writer's pictureCredit Repair King

The SPOCK rule of Maintaining a Good Business Credit

Having a good business credit score opens the door for you to favourable terms such as better supplier relationships, lower interest rate, cheaper office rental fee, etc. Therefore, in a tight economy, maintaining a good business is the key that brings your plans and dreams closer to consummation. Business credit score ranges vary between different credit report agencies, but a typical one ranges from 0 to 100, with 80 and above signifies a good business score.

At Credit Repair King, we don’t want you just to keep your business, but we want to help it to GROW. That’s why you should follow our SPOCK’ rule to keep your business credit on track:

  1. Separate your personal credit from business credit. Lenders will consider having a low personal credit score as an early warning sign.

  2. Pay your bills ON TIME, aka. repaying the debts in a timely fashion

  3. Overutilization of the credit card is a big no-no. You don’t want lenders to think that you’re having trouble making ends meet, do you?

  4. Communicate with lenders and suppliers to make sure the trade-reference is submitted

  5. Know what is in your credit report at all times!

Still feeling iffy about how to maintain a good business credit? Let Credit Repair King help you! With over 6 years of experience in credit repair service, we offer financial consultations that allow you to create healthy financial habits that will help kickstart your business or help it grow even further. Contact Credit Repair King today at (657) 217-4877 for a free consultation.

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