Tuesday, June 30, 2020

Expert tips on improving business scores after the pandemic

As a part of its continued service to its clients and to business owners everywhere, Brennan & Clark is releasing a number of extremely helpful blogs to help businesses recover from the otherwise devastating economic effects of the coronavirus pandemic.
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For today’s blog, Brennan & Clark will be sharing a few important tips for businesses both new and old, on how to improve their business credit scores after (and maybe even during) the current global health crisis.

A few technical requirements

Brennan & Clark recommends that business owners get a few important technical requirement such as a Federal Employer Identification Number (EIN) and a business bank account to go along with it, a phone line for the business itself, and a DUNS number from Dun & Bradstreet to establish their credit score.

Be aware of the credit score

Business credit scores have the power to make or break a business. As such, business owners need to know the balance of their debt and loans. Business owners have to make sure that whenever they have debt, they settle accounts on time and keep the amount of debt to a minimum.

Hire a good collections company

A good collections company, Brennan & Clark explains, will help businesses collect their much-needed dues from clients. These dues will be used to pay for debt and ultimately raise the credit score. The caveat, though, is that it has to be a reputable and dependable collections company.

Brennan & Clark is a business collections agency that aids entrepreneurs in eliminating credit losses. The firm has been in operation for over 30 years. Go to this page for similar posts.