2008 Bankruptcy Default 
Your Virtual Credit Manager
FEBRUARY 13, 2024
After, the Great Recession of 2008, commercial bankruptcies peaked in 2009 and did not drop below pre-recession levels until 2012. Department of Justice projects a substantial increase in bankruptcy filings. Trustee Program has estimated that bankruptcy filings will double over the next three years.
Fundera
JUNE 22, 2016
If you default on your “loan” with a pawnbroker, your credit score won’t report it—but technically, this is a form of alternative lending. And then, in 2008, the Great Recession rocked the world. If it was tough for small business owners to access credit from banks before, then after 2008 it was nearly impossible.
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Fundera
OCTOBER 20, 2019
Avoid FICO demerits like loan defaults, bankruptcy, judgments, collections, and foreclosures. But in the wake of the 2008 financial crisis, more and more small businesses have been unable to qualify for funding through traditional banks. Don’t max out your credit cards. Types of Small Business Loans.
Fundera
NOVEMBER 17, 2018
Avoid FICO demerits like loan defaults, bankruptcy, judgments, collections, and foreclosures. But in the wake of the 2008 financial crisis, more and more small businesses have been unable to qualify for funding through traditional banks. Don’t max out your credit cards. Types of Small Business Loans.
Fundera
NOVEMBER 17, 2018
Avoid FICO demerits like loan defaults, bankruptcy, judgments, collections, and foreclosures. But in the wake of the 2008 financial crisis, more and more small businesses have been unable to qualify for funding through traditional banks. Don’t max out your credit cards. Types of Small Business Loans.
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