Improve your credit score 1. Stay on top of your repayments and commitments. Consider setting up direct debits for utility bills and schedule loan repayments for a set day (may be your pay day) 2. Keep track of your credit commitments. 3. If you move house or update your contact details, notify lenders. .. 4. If you are having trouble meeting repayments, seek assistance early on. 5. Use the many online options to view your credit file and take sometime to go through it and understand its contents
A non recourse commercial loan is one whereby the only form of security taken in support of the loan is the underlying asset or project which the loan is funding with the lender having ‘no recourse’ or no resort to any of the borrowers’ other assets. For example, if a borrower takes out a loan to fund purchase of a commercial property, the security under a non recourse loan arrangement would be a mortgage over the said commercial property and a GSA or charge over the company (if property is held in company name )with no guarantee taken from individuals or any other companies forming part of the same group. This is usually sought out by company directors who wish to borrow in their company name without necessarily providing directors’ guarantees in support of the lending.