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How Will the Impending Credit Changes Affect Your Score?

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Although you are more likely to get a credit application evaluated on the basis of a FICO score than a VantageScore, VantageScore is gaining prominence. According to the company’s website , “8 billion VantageScore credit scores were used in a 12-month period in 2015–2016—an increase of nearly 40% over 2014–2015.” .

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The Credit Score Guide: How Raising Your Score Can Save You Thousands on a Loan

Fundera

That’s right: your credit score. According to data we gathered from 2,500 loans, totaling roughly $140 million distributed to over 22 million small business owners (for our Q1 2016 quarterly report ) , your credit score is a major factor in your loan eligibility. Don’t default. Limit your credit applications.