Predicting Risk: The Relationship Between Business And Consumer Scores
Tags: Marketing Services, Risk Management
First come, first served often applies to creditors. Those creditors that act quickly when small businesses encounter problems are most likely to be paid. Latecomers may never receive payment.
When it comes to tools for monitoring small businesses' credit, a debate exists. Some in the credit and collections industry insist that personal credit reports are a fine indicator of the health of that owner's small business. The thought is that small-business owners' personal financial well-being is so closely tied to the health of their business that problems with the business will soon show signs on the home front as well.