CreditStrong for Business

SEPTEMBER 4, 2024

Evidence of the collection account remains on your credit bureau report regardless of whether the old debt remains as an unpaid collection account or if it was paid through a debt settlement agreement. How Do Collections Affect Your Credit Score? The consumer’s existing credit score at the time.

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Fundera

JULY 20, 2018

Most of us are familiar with the concept of checking our credit score—and, luckily, it’s a fairly simple process these days (for instance, you can do it right here). It’s true—even though you might think that a business credit score is just, well, private business , it’s actually publicly accessible.

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Fundera

JULY 6, 2016

That’s right: your personal ( not business) credit score matters more than anything else. In this credit score guide, we’ll take a look at why your credit score matters, how it affects your business financing, and what improving your credit can do. What’s a Credit Score? Quick Reminder.

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Due

JANUARY 3, 2023

Often referred to as credit reporting agencies, these companies work independently. Credit Reports vs. Credit Scores. Your credit scores are also influenced by your credit reports. The reason for this is that credit scores are calculated using information from your credit report.

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Fundera

APRIL 17, 2018

Watch out, because you might just see a bump in your personal credit score on the way. That’s because thanks to Experian, TransUnion, and Equifax—the three major credit bureaus—credit reports no longer include tax liens. Credit Reports No Longer Include Tax Liens. What’s a Tax Lien?

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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. Balint says that applicants also need to meet the following criteria for a SmartBiz loan: A good personal credit score.

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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. In September of 2015, all banks held a total of nearly $600 billion in small business loans—but in 2008, that number had been over $700 billion. Door-to-door money lending services.

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