Credit rating and scoring
The process of lending money
A credit rating is an estimate of your ability to fulfil financial commitments, based on your history of spending, earning, and repaying debts in a timely manner.
If you’re worried about your credit rating being a barrier when it comes to asking for money, there are some very simple ways to improve it.
Consistently pay all bills on time
Get yourself registered on the electoral roll
Pay off more debts and, if possible, pay more than just the minimum amount allowed
Close accounts associated with unused credit cards, direct debits and mobile phone contracts
It's worth reviewing your credit scoreIt’s your legal right to get a copy of your own credit report, and generally getting hold of one from a credit reference agency costs very little or is free.
Your funding options
Acquiring funding is an essential step when looking to grow a business, as most need that initial cash injection. It's important to understand how much money you'll need and what type of funding will suit you best. We have a range of funding options that you can consider.
Free accounting software? yes please.
Royal Bank of Scotland have partnered with FreeAgent, an online cloud accounting software created with the aim of helping small businesses manage their finances through one easy to use platform. FreeAgent is packed with benefits, learn more about how it could benefit your business.