Fundera

NOVEMBER 17, 2018

Get ready to learn about need-to-know accounting terms, managing your credit scores, applying for a business loan , and more so you can feel prepared for managing finances for a small business. Part 3: Get a Handle on Your Credit Scores. How to Manage (and Boost) Your Personal Credit Score.

Small Businesses 75

Small Businesses Credit Scoring Credit and Collections Default 75

Fundera

NOVEMBER 17, 2018

Get ready to learn about need-to-know accounting terms, managing your credit scores, applying for a business loan , and more so you can feel prepared for managing finances for a small business. Part 3: Get a Handle on Your Credit Scores. How to Manage (and Boost) Your Personal Credit Score.

Small Businesses 75

Small Businesses Credit Scoring Credit and Collections Default 75

Fundera

NOVEMBER 29, 2019

A confession of judgment is a clause within a loan agreement that allows a lender, if the borrower has defaulted, to obtain a judgment against the borrower without following regular court procedures. The purpose behind confessions of judgment is to facilitate a quick resolution when borrowers default on a loan.

Default 63

Default Credit Scoring Small Businesses 63

Fundera

JANUARY 7, 2016

This alternative lending model helps meet the demands of an underserved group, especially after tightened lending standards that emerged in the wake of the 2008 Financial Crisis locked many small businesses out of the credit market. billion to $3 billion. Your EBITDA-to-long-term-debt is low.

Credit Scoring 76

Credit Scoring Small Businesses Default Transactions 76

Fundera

MAY 4, 2018

Since the 2008 recession, banks have cut down on lending to small business owners. And loan stacking is bad for lenders, too, who might lose out to other creditors if the borrower defaults. And if the borrower defaults, the presence of multiple creditors can make it difficult for each lender to get their money back. An example?

Default 77

Default Credit and Collections Small Businesses Credit Scoring 77

Regal Credit Management

SEPTEMBER 6, 2021

Meanwhile, Excellent Credit Jack, with a credit score of 760, will have an interest rate. Most banks won’t offer conventional mortgages to people with a FICO score below 620—a result of the 2008 housing crisis when many home buyers defaulted on their subprime-rate mortgages. between 9% and 13%.

Credit Scoring 52

Credit Scoring Credit Management Default 52

Fundera

JANUARY 14, 2019

A confession of judgment is a clause within a loan agreement that allows a lender, if the borrower has defaulted, to obtain a judgment against the borrower without following regular court procedures. The purpose behind confessions of judgment is to facilitate a quick resolution when borrowers default on a loan. West Virginia.

Default 49

Default Credit Scoring Small Businesses 49

Fundera

NOVEMBER 2, 2018

When we’re talking about secured SBA loans in particular, the government will guarantee that the intermediary bank will recoup the majority of the loan in case the borrower defaults—up to 85%—which clearly mitigates the bank’s risk even more. Why not go to the financial institution that knows you best? Construction Financing.

Credit Scoring 45

Credit Scoring Default Small Businesses 45

Fundera

DECEMBER 28, 2019

That’s because banks don’t lend to many borrowers, especially since the 2008 financial crisis, so only the absolute most qualified borrowers with lots of existing experience in business, very strong credit, and a strong financial track record generally qualify. The main factors that lenders will evaluate are: Your credit score.

Credit Scoring 52

Credit Scoring Default Small Businesses 52

Due

NOVEMBER 19, 2023

The Mortgage Slump of 2008 In 2008, a $200,000 mortgage would cost a monthly payment of approximately $1,200, excluding insurance and taxes. After the crisis of 2008, mortgage rates steadily declined. For example, borrowers with a 670 or higher credit score tend to qualify more easily for better mortgage interest rates.

Credit Scoring 59

Credit Scoring Transactions Default 59