3 THINGS YOU MUST DO BEFORE APPLYING FOR BUSINESS FINANCE Funding and Business Growth Playbook T: 0330 350 3356 @: hello@GrowingYourNumbers.com www: growingyournumbers.com
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There are several Credit Ratings Agencies and somewhat unhelpfully, they don’t provide a uniform assessment credit rating so you credit rating could vary considerably from one agency to another.
To make things even more unpredictable, Credit Ratings Agencies don’t update their ratings at the same time, introducing yet another variable into the equation.
Your suppliers, customers, or lenders are potentially all using a different Credit Ratings Agency, which means some might perceive an increased risk and downgrade your credit rating and act, whilst others do not.
You may feel that all this is impossible to co ntrol or stay on top of, but don’t panic, because there is a solution, but first it might be helpful to consider the reasons why Credit Ratings change over time.
Here are six of the more common reasons Credit Ratings change...
Six Reasons Why Your Credit Rating May Change
• When your financial results are posted – if there is an adverse movement in:
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