Remove 2008 Remove Credit Scoring Remove Transactions
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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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The 6 most common types of small business financing

Credibly

If you’re the merchant, you will need to set aside a percentage of your credit card and debit transactions, sometimes with an additional fee. Among the benefits, less collateral is needed, credit scores are less important than for a traditional loan, and the financing provider can be flexible about remittances.

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The 12 Best Books for Buying a Home

Due

How to Get Approved for the Best Mortgage Without Sticking a Fork in Your Eye: A Comprehensive Guide for First Time Home Buyers and Home Buyers Getting a Mortgage Since the Mortgage Crisis of 2008 by Elysia Stobbe Having worked in the mortgage industry for decades, Elysia Stobbe is an expert in the field. Homeownership is an investment.

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The Ultimate Guide to Managing Small Business Finances

Fundera

Get a handle on your personal and business credit scores. We’ll break down need-to-know accounting terms, how to handle your credit scores, how to apply for a business loan, and more—so that you’ll have all the information you need to manage your small business finances. Included transactions.

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What Is APR? Here Is Everything That You Need to Know

Fundera

Having a high credit score can help you get a low APR. You may find yourself asking this question for a variety of reasons, such as when applying for a credit card or comparing business loan offers. .” Why do APRs often vary from one transaction and period to the next? Higher scores come with lower APRs.

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SnapCap vs. Kabbage: Which Lender Is Right for Your Business?

Fundera

Founded in 2008, Kabbage was among the first wave of online lenders. Since then, they’ve become one of the most reputable online lending platforms, and a go-to source for business owners seeking revolving lines of credit. – 500 personal credit score. Personal credit score : 500. Interest rate of 1.5%

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Alternative Lending 101

Fundera

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.