More than 50% of UK adults started 2020 in debt, with over 5 million people owing over £10,000 in non-mortgage debt. The trouble with being in debt is that it’s very easy to lose control. Once you start borrowing and accruing interest and you resort to using credit cards,
Running a business can be a pricey affair, with just about everything you do with your venture costing you something. Even when you’re working extremely hard to cut costs and reduce your spending, it will feel just about impossible to achieve these goals when you’re first starting out.
Whether you’re running a small business or a large company, there will always be moments when you’ll encounter overdue accounts. In times like these, how you choose to deal with those accounts can make or break your business. Letting a debt go unpaid for too long can negatively affect
Inevitably, nearly all businesses will need to look at outside support when first beginning their business venture. However, borrowing money when you are in an established business is never an easy process, so you can only imagine how much difficult it is for those looking to get started in
Whether you have an established business or are just getting started in the industry, all business owners regardless of the size and structure of their company need to be credit savvy to keep their credit score high.