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Demystifying Credit Crunches and What They Mean for Small Businesses

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What you should do if you can’t qualify for credit Does building business credit matter in a credit crunch? What is a credit crunch ? A credit crunch occurs when there’s a sudden, sharp decline in the amount of credit available from financial institutions like banks, credit unions, and alternative lenders.

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Parent PLUS Loans Demystified: How to Fund Your Child’s Education

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Income Contingent Repayment (ICR) You can opt for ICR if your Parent PLUS loan is part of a Federal Direct Consolidation Loan and entered repayment on or after July 1, 2006. The Department of Education maintains stringent credit requirements for Parent PLUS loan applicants. However, they often require a credit check or a co-signer.