Course: What is credit?
8 minute read
Chapter 3
Business credit history
Much like personal credit history, business credit history measures a company’s creditworthiness. Your business credit score is based on payment history, available credit and any delinquencies or judgments, such as bankruptcies or liens.
In this chapter, we look at the ins and outs of business credit history, how it is reported and the impact it can have on your business.
Key terms include:
- Paydex score
- Failure score
- Delinquency score
- Sole proprietorship