Due

JANUARY 3, 2023

Examples include: Bankruptcies. What to look for in public records: A Chapter 7 bankruptcy stays on your credit report for 10 years after it’s filed. On the hand, after seven years, a Chapter 13 bankruptcy can be wiped out. Bankruptcy records filed in federal districts. Public Records. Foreclosures. Your salary.

Credit Scoring 119

Credit Scoring Bankruptcy Credit and Collections Credit Reporting Agencies 119

Fundera

OCTOBER 28, 2017

From 2007 to 2014, the average outstanding loan per recipient increased from $18,233 in 2007 to $27,689 in 2014. Most millennials graduated college or high school in the midst of the Great Recession, which brought high unemployment, low consumer confidence, and an uptick in personal bankruptcies.

Small Businesses 67

Small Businesses Bankruptcy 67

Credisense

OCTOBER 9, 2022

In 2007 Netflix launched their on-demand streaming service and by 2010, blockbuster filed for bankruptcy. To give an idea of how impactful the change can be , in 2000, Netflix made $5m revenue, Blockbuster made $4.5b and had 6,500 stores in 26 countries.

Bankruptcy 52

Bankruptcy 52

lsq

NOVEMBER 8, 2022

Seven-percent prime was last seen in December 2007. The risk of bankruptcy is likely to rise at all tiers within the supply chain but especially lower-tier suppliers. If the last two rate hikes come to fruition, we would be kicking off 2023 with a federal funds rate of at least 4.50 That means a prime rate of 7.5 percent in 2023.

Bankruptcy 52

Bankruptcy Default Credit Risk 52

tillful

MAY 31, 2023

Credit crunch example One of the most notable credit crunches began in 2007 when the real estate bubble popped, triggering a massive financial crisis. For the economy at large, credit crunches can lead to a rise in unemployment, interest rate increases, an overall slowdown of economic activity, defaults, and bankruptcies.

Small Businesses 52

Small Businesses Credit Scoring Default Credit Unions 52

Fundera

JUNE 22, 2016

Way back in 2007, several of the top alternative lenders —like Prosper, the first peer-to-peer lender in the United States, and LendingClub, the first ever publicly-traded online lender—made a splash in the lending industry. And they’re breaking barriers in the small business financing world. Alternative Lending’s Recent Growth.

Credit Scoring 76

Credit Scoring Small Businesses Default Transactions 76

Fundera

APRIL 7, 2020

Since their launch in 2007, OnDeck has become one of the most established and trusted names in online lending, especially for offering short-term loans and lines of credit. They can work with business owners who have filed for personal bankruptcy, but they require that two years have passed since discharge before you can apply for a loan. .

Credit Scoring 40

Credit Scoring Credit and Collections Bankruptcy Small Businesses 40