What is the appropriate strategy for a firm that has a weak competitive position in some or all of its product lines resulting in poor performance - sales are down and profits are becoming losses? Show depth in your response to this question.

Having a long credit that will be corrected is better that a short credit that is clear is simply because with long credit history, a prospective lender can see how you have operated your credit facility over a considerable period. nobody's credit history is perfect - everyone has at least 1 or 2 lapses on their record. have short history of your credit doesn't show patterns or trends of persistent late payments.