Five Ways to Protect Your Credit in Tough Times
Most businesses are experiencing income declines. If you’re an entrepreneur, this probably means your personal income has also 
diminished. Since excellent credit ratings are essential for accounts of all kinds – from all-purpose credit cards to purchasing business equipment, automobiles, real estate, even insurance – it is essential to take action to preserve your credit scores.
While local vendors are likely to work with you when you’re in a pinch, national chains have uneven reputations for helpfulness. I hear from readers like Angie, who tried to negotiate with suppliers and creditors after her jewelry business sales decreased and she was overwhelmed by late payments. When you miss payments, credit scores drop rapidly. You are no longer in a strong negotiating position because creditors base their credit extension decisions on your credit scores.
If your income slows and there is a possibility you will not be able to meet your credit obligations, CLICK HERE for five steps to preserve your credit ratings.
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