How you can improve your credit rating with a debt rescheduling The rescheduling of your existing business loan can be useful for many reasons. Both your credit rating and the interest rates offered by the banks change over time. You can use these changes to your advantage to improve your creditworthiness and to save…
Month: October 2019
Credit rating: what is it?
The term creditworthiness is generally equated with creditworthiness. It describes the probability that a private individual or a company can repay a loan taken out. Conversely, it describes the risk of default. To simplify this, the creditworthiness is recorded quantitatively using a numerical value. This is called a credit score. Creditworthiness is therefore a decisive…