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. It gets worse.
Fundera
MARCH 2, 2016
Most businesses can qualify for an SBA loan if they’ve operated for at least 2 years, have no recent bankruptcies or foreclosures, and have positive cash flow,” says Judy Balint, CMO at SmartBiz. No bankruptcies and foreclosures in the past 3 years. Cash flow to support loan payments. No recent charge-offs or settlements.
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Fundera
JULY 20, 2018
According to credit bureau Experian, as of 2015 upwards of $8 billion is lost or stolen from small businesses yearly due to fraud. Why You Should Know How to Check the Business Credit Scores of Other Companies. It’s possible that this number is actually underreported, and that the damage being done is more severe.
Fundera
OCTOBER 28, 2017
According to a 2015 report by the Kauffman Foundation , those under 35 experienced the greatest negative % change—over -40%—in median net worth, based on data from 1996 to 2013. Shrinking Net Worth and Increasing Student Loans. From 2007 to 2014, the average outstanding loan per recipient increased from $18,233 in 2007 to $27,689 in 2014.
Abrigo
SEPTEMBER 9, 2016
M&A has also been a significant factor in driving an increase in the demand for valuation professionals, with M&A activity totaling over $5 trillion last year in 2015 as companies sought to merge and acquire new market share as a means for increasing and protecting their position in the marketplace.
Fundera
APRIL 17, 2018
In March 2015, the three major credit bureaus together launched the National Consumer Assistance Plan (NCAP) to implement industry-wide policy changes to “make credit reports more accurate.” Although you start at 850, mistakes ding you—and there are many ways to lower your credit score.
Fundera
JULY 6, 2016
Payment history—including bankruptcies and judgments. But overall, your credit score is a good measure of how you repay your debts, what kind of credit you look for, how well you understand the amount of debt you can actually take on, whether you’ve successfully avoided bankruptcies and tax liens, and more.
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