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[Razor1911]

A business at initial stages, though may not require any large investment for what loan is required, but at times it becomes necessary to take loan to carry on the liquidity in the system. When a business is given a loan by an financial institutions, they research about company's credit score.

A good timely repayment of loan ensures a high score. And more the high score, higher limit of taking loan and faster will be the processing of loans. Thus it is very useful to keep a track on such credit score. And obviously any business should worry about credit score which gives assurance of future loan for the company.

 

[Corzhens]

In our family the motto is to pay back what you borrowed. When we take a loan the repayment should be a priority that even it can affect the food on the table. It is not only the credit score that is greatly affected but also the name of the family.

 

[Setfragil]

Every serious business should worry about his credit limits to help prevents them from recording a huge amounts of debts that they might not be able to pay back for a long time.

 

[delnovem]

Absolutely. You have to be worried about credit limit. This is not good for a business entity. There has to be a limit for credits so you don't end up bankrupt. Try to let it glaring to your customers as well.

 

[07Trinity]

You have said it all, credit limit is very important for business continuity, business and enterprise have their difficult times but not to the extent of risking the companies assets to seek loan.

A business at initial stages, though may not require any large investment for what loan is required, but at times it becomes necessary to take loan to carry on the liquidity in the system. When a business is given a loan by an financial institutions, they research about company's credit score.

A good timely repayment of loan ensures a high score. And more the high score, higher limit of taking loan and faster will be the processing of loans. Thus it is very useful to keep a track on such credit score. And obviously any business should worry about credit score which gives assurance of future loan for the company.

 

[ashim kate]

A lot of people who want to get into business with you either as an individual or as a business normally wants to see your credit score to see just how much you perform in it. I believe you should take this aspect very seriously and try to repay all your loans at the appropriate time.

 

[Wisdom01]

I think for your business to get a good credit score ,it have to abide by the policy and most times longetivity of the business and loan repayment rate could have effect on the loan

 

[Pousinha]

In my opinion, debts should be avoided as much as possible, at least until the business becomes established at the point we don't live any more among the worries about lack of customers and expenses overcoming the income. Better said, we need to avoid the risk of not being able to pay off loans, that carries a bad credit score to worry about.

 

[ashim kate]

Having a good credit score particularly as a business which is just starting is very important if you want to keep on taking loans in the future. This is why it is important that you should pick up loans that is favorable to your business should do in the first place so that you can be able to pay on time.

 

[AudraMiller]

A business at initial stages, though may not require any large investment for what loan is required, but at times it becomes necessary to take loan to carry on the liquidity in the system. When a business is given a loan by an financial institutions, they research about company's credit score.

A good timely repayment of loan ensures a high score. And more the high score, higher limit of taking loan and faster will be the processing of loans. Thus it is very useful to keep a track on such credit score. And obviously any business should worry about credit score which gives assurance of future loan for the company.

Credit limit is very important and i think that if you are buying things on credit you shoudl try to never get close to that limit because that will ensure that you have the money in order to pay back whatever you are buying on credit which is very important for a good credit ratin as well.

 

[ashim kate]

As a business person who is thinking about the long-term implications you are definitely going to need taking loans at one point or the other. If you do not monitor your credit score on a constant basis you are going to have a very bad one which is going to frustrate your efforts in getting a good loan policy.

 

[Shigobad2020]

There are sometimes in business where we don't have any choice than to borrow loan to boost up our business though getting a loan for business is not adviseable, and if you want a loan , the loan company will need to check your credit scores to know if you are eligible.

 

[a_jerobon]

That is very true. I am sure that everyone at some point needs to take a loan. Therefore, it is a very good idea to take care of your credit history. I once saw an interview of someone who let go of a very good business idea just because of a negative credit history. Yet the amount that he did not pay and have him the bad credit history was very small. It is best to pay back loans and on time.

 

[ELSA-ELI]

In our family the motto is to pay back what you borrowed. When we take a loan the repayment should be a priority that even it can affect the food on the table. It is not only the credit score that is greatly affected but also the name of the family.

Wow that is a very good attitude and sort of a stance I have come to consider. In short a good credit school gives you a lot of chances to seek funding elsewhere and shows your financial discipline and management of resources that are put in your care.

 

[ELSA-ELI]

In simpler terms you ought to ensure that the credit score is very good by not going above your credit limit in debt which in most cases should not exceed 60 percent of your total income.This can lead you in a serious fun ban dial distress that can make you unable to source resources when you may be in need.So you have to ensure you maintain your credit limit below 50percent.

 

[Balint098]

Nah, not really. I rarely borrow anything from anyone, be it borrowing from friends or family, and borrowing from banks. So credit limit has no importance to me. Borrowing money to start your business is not always a smart idea anyway. What if the business failed.

 

[a_jerobon]

It is very important to take good care of your credit history. Trust me there comes a time when taking a loan may be a necessary thing for you to do. Therefore, take care of how you borrow and pay back loans. You should also make sure your credit limit grows and not going down. That way, you remain safe whenever you want to borrow a high amount.

 

[dorcasy]

A business at initial stages, though may not require any large investment for what loan is required, but at times it becomes necessary to take loan to carry on the liquidity in the system. When a business is given a loan by an financial institutions, they research about company's credit score.

A good timely repayment of loan ensures a high score. And more the high score, higher limit of taking loan and faster will be the processing of loans. Thus it is very useful to keep a track on such credit score. And obviously any business should worry about credit score which gives assurance of future loan for the company.

You have already said it all,your credit score is just like your business power,either to sell or you want to buy an item your credit score comes handy,you might want to seek loan or lease fund your credit power will act as an influence to make the operation faster and get quicker outcome.

 

[Shigobad2020]

Thats why you need to have a sales record in your organisation either a small established and a big company, the day to day record must be kept because its been used to obtain a loan in the bank and if the banks realsise ps you have a bad credit score, they won't give you loan.

 

[Ben Kempton]

Credit limit and credit history could be important if you plan to apply for a loan or intend to avail credit instruments such as credit cards. Credit history plays a big role when any financial bank provides you with credit limit, as they provide you credit according to your history of repayment of loans. Other things such as mortgage also play a crucial role when it comes to getting loan from such institutions.