Credit Improvement

Credit improvement helps businesses enhance their credit score.

Who is eligible for credit improvement?

Business credit rating has a direct impact on working capital, credit limits with suppliers, funding availability, rates and tender opportunities. If a business falls within the following categories, they could benefit from credit improvement.
• Score under 30- Getting funding approval will be difficult, suppliers will struggle with credit insurance and potential clients will be less likely to do business with these types of companies.
• Score under 50- Could be subject to high funding rates and suppliers will be subject to high insurance rates.
• Score under 70-Missing out on the best funding rates.
• CCJ or CCJ satisfied associated with the business credit profile.
• Funding searches declined for poor credit.

Why should someone use credit improvement?

• When the credit rating is not reflective of the business’ creditworthiness
• When a supplier has informed the business of a downgrade in credit rating, reducing their terms
• When the company’s poor credit rating means they are preclude from bidding for tenders
• When the business needs a better credit rating to access funding or improve terms
• When the business is a subsidiary of a larger company that has a poor credit rating
• When lack of working capital is constraining the businesses growth.