Let’s face it: the days of sealing a deal with a handshake are far behind us. Today, a credit score and data from a credit report are much more important than friendships or character when it comes to financial decisions. Banks and other financial institutions have relied upon credit data […]
Reporting Commercial Credit: The Stick Is Not As Bad As You Think
November 16, 2018 By Leave a Comment
Using the “stick” method of reporting commercial credit to get clients to make regular on time payments is highly effective as well. Contrary to the reward method, a negative report on a business’ credit score can be just as effective. The truth is that you’re not going to have many […]
Reporting Commercial Credit: Should I Use A Carrot Or A Stick?
November 15, 2018 By Leave a Comment
Ideally, you don’t ever want to have to report another small business in a negative way, but it happens. There are two good reasons businesses report commercial credit to the four credit bureaus: to encourage on-time payments and to decrease the chances of a default on payments and needing to […]