Extra Credit

Credit Scoring in B2B Trade: Explained

February 09, 2024 NACM Episode 95
Extra Credit
Credit Scoring in B2B Trade: Explained
Show Notes

Credit scores reflect how likely or unlikely a person is to pay any loaned amount of money back and these scores are used by companies to determine interest rates or credit limits you should receive. But credit scoring is not limited to the consumer sector only. In the B2B credit industry, credit managers can also use scores to help gauge how much credit to extend and make credit decisions.