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A low credit score indicates you're a poor credit risk to potential lenders, and can limit the amount of credit they extend to you, result in higher interest rates or mean you're denied credit altogether. -ReputationAdvocate.com

And while it's an unfortunate fact that business assets are always more valuable when you don't need to sell them, it's still your best choice.-ReputationAdvocate.com

Sell assets if you must in order to make loan payments. Don't be afraid to sell assets at a discount to get yourself out of debt. -Michael Courouleau

If you have to make a personal guarantee, consider it an investment in your business, don't expect to see return on that investment right away, and be ready to invest an equivalent amount of cash.-Phil Melugin

But limit the number of cards you use and avoid using high-interest cash advances. When the bill arrives, pay the entire amount in full to avoid finance charges.-Scott Sohr

As the CEO of a company that helps people monitor and protect their credit, I can tell you the time it takes to implement preventive measures is far less than the time, frustration and expense it'll take to remedy your poor credit history. -Phil Melugin

That's why it's important to monitor, evaluate and protect your credit standing just as you would protect any other business or personal assets.-Phil Melugin

A low credit score indicates you're a poor credit risk to potential lenders, and can limit the amount of credit they extend to you, result in higher interest rates or mean you're denied credit altogether. - Peter F. Spittler

So it's important to take steps to protect both even if you don't plan on applying for a loan in the near future. -Peter F. Spittler

If you're a sole proprietor or a business owner with fewer than 20 employees, your personal and business credit scores are closely linked in the eyes of banks and other potential lenders. -Peter F. Spittler