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Late or missed payments are key indicators of financial instability.<br>Watch for irregularities in payment patterns when conducting a business credit scan.<br>A history of late payments can reduce a company's creditworthiness.<br>
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Inconsistent Payment History • Late or missed payments are key indicators of financial instability. • Watch for irregularities in payment patterns when conducting a business credit scan. • A history of late payments can reduce a company's creditworthiness.
High Credit Utilization and Its Impact • Credit utilization above 30% can signal a company's over-reliance on credit. • Consistently high credit utilization can lead to cash flow problems and affect future lending options.
Identifying Negative Public Records • Look for signs of tax liens, judgments, or bankruptcies in the business credit scan. • These red flags can signal serious financial difficulties or mismanagement. • Always assess the long-term implications of negative public records on business viability.
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