Certain periodic improvements are required to increase commercial credit ratings. This of course does not mean that your commercial credit rating is raised immediately. Changes in the capital adequacy of the company or changes in debt to the debt cannot be achieved at least 3 months ago. If it is desired to increase the commercial credit rating, the ratio of debt should be low compared to the turnover.
What To Do To Increase Your Commercial Credit Rating?
If we talk about other things, you can pay your existing loans regularly. Overdue payments will, of course, decrease your commercial risk rating or commercial credit rating. Failure to make your monthly loan payments at the specified time means that your credit rating will be negatively affected.
New borrowings should be avoided as the new corporate loan from banks will also cause your company to borrow.
Another factor that affects the commercial credit rating is the loan applications you make. At least 6 months must pass before a business enterprise whose loan application is rejected can get credit. According to some banks, this situation may require more than 1 year to pass.
In addition, the payments of your commercial kmh account at the bank must be correct. Overdraft accounts are treated like credit usage and kmh payments that are not made on time seem to be delayed.