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13 Surprising Factors That Affect Your Credit Score (and Why Small Business Owners Should Care)

Fundera

When a credit bureau computes your credit score, their job is to produce a number that estimates—given your past and current financial history—how likely you are to default on future debts. There are five notable components of a personal credit score. There are five notable components of a personal credit score.

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Is Granting Credit Terms Worth the Risk?

Your Virtual Credit Manager

Whether it’s fair to blame climate change or not, heightened awareness of natural disasters has amplified fears about supply chain disruptions—fears also exacerbated by the Covid-19 pandemic and the near collapse of the financial system in 2008. Do you need help assessing customer credit risks?

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Here’s what you need to know about marketplace lending vs. direct lending

Credibly

The future of lending When the 2008 Great Recession brought economic decline, traditional banks began to tighten lending restrictions. Marketplace lending, also referred to as platform lending, rose to prominence after the 2008 recession when both the need for financing and frustration with the lack of access to that financing grew.

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4 Reasons Small Businesses are Using Alternative Funding for Growth

Due

Since the 2008 financial crisis, most small businesses and individuals looking to launch their startups have had limited options in securing funding. Even businesses with a low but somewhat acceptable credit score may have difficulty securing funding from a lender.