There aren't many ways for you to increase your company credit score quickly and legitimately. Most of the tactics revolve around disputing old, negative information contained in your financial reports which is an entirely legitimate technique. Some companies also advise writing a letter to the original reporter of negative information and asking them to remove the negative information. In today's credit market, it's better to have a higher score otherwise your company may be turned down for a loan or lose some very good investors. That’s why working to improve your credit score from average to great is a very worthy goal and makes good financial sense. Here are some essential tips on how you can raise your score and do it fast.

Credit scores outlined in your company financial reports are no longer any mystery however they're based not only on how you pay and what you owe but other factors as well. It’s true that making all your payments on time accounts for 35 per cent of your credit score however that leaves 65 per cent of your score to be determined by other factors. Fifteen per cent of your score which is a very significant amount is based on the length of your credit history. Your company debt levels, recent applications for credit are also highlighted in the financial reports and may lower your score. As long as you know what affects your score, you can concentrate on the steps that can change your company’s financial situation for the better.

You can order and download detailed company and director reports instantly online. Each credit report is broken into several sections and covers your personal information, credit report requests, accounts, credit items and potentially negative items. You need to analyse each of the financial reports thoroughly and determine the accuracy of all of the information they contain. A lot of what is on the report may be known to you but it’s wise to make a list of any items you think are questionable, negative or clearly errors. This can help you resolve any issues with your report and potentially improve your credit score.

Credit reports reflect your payment habits on all type of bills so to improve your score make sure you pay all your company bills on time. It’s also recommended to keep all the documentation to be able to prove that you made timely payments. You can also set up automatic payments to keep you from ever making a late payment because even one late payment can affect your credit score in a negative way.

Keeping your credit score above the average is important these days. Overlooking its importance and not checking your financial reports regularly can be very detrimental to the financial health of your company. Being aware of how your credits score is calculated and reviewing your credit reports once in a while can help you either maintain or improve your credit score.