Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Business Credit Reports and other Credit Report topics.
If you are considering a partnership or working relationship with another business, you need to consider a host of criteria. One of the most important things to look at is the business's credit report. This report will show exactly what risks are involved in working with a particular company.
You can see what their credit history has been, including whether or not they make their payments on time, have had accounts referred to collection agencies, have filed bankruptcies and more.
By having all this information on hand you can make an informed decision about the stability of the company, how it is being run and whether or not a partnership or working relationship is beneficial or too much of a risk.
Before you shake hands or sign on the dotted line, get a 3 in 1 credit report and see if the light at the end of the tunnel is success or an oncoming train.
|Jennifer Mathes, Ph.D.|