credit score

How is a Business Credit Score Calculated?

The calculation of a business credit score involves several factors:
- Payment History: Timely payments contribute positively, while late payments can significantly lower the score.
- Debt Levels: The total amount of debt and the ratio of debt to available credit are assessed.
- Credit History Length: A longer history generally indicates more reliability.
- Types of Credit: A mix of credit types, such as loans and credit cards, can affect the score.
- Public Records: Bankruptcies, liens, and judgments are also considered.

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