Remove 2017 Remove Credit and Collections Remove Credit Scoring
article thumbnail

The Potential Impact of Adverse Public Records on Credit Reports

CreditStrong for Business

Public records usually appear on your credit report as the result of a financial disaster. Evictions, foreclosures, bankruptcies, and judgments are terrible news for your credit. Each one of these affects your credit reports and scores differently. What Do Public Records Mean on a Credit Report?

article thumbnail

Top 5 Credit Bureau Companies for B2B in 2023

Gaviti

One possibility is by running a business credit score and report on new customers. What is a Business Credit Score and Report? A business credit score is a rating whose goal is to demonstrate how financially responsible a business is as well as its potential for profitability.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Long Does an Eviction Stay on Your Credit Report?

CreditStrong for Business

Credit bureaus no longer can include eviction record entries in consumer credit reports following changes implemented by the Consumer Financial Protection Bureau, an agency associated with the Fair Credit Reporting Act. However, any remaining rent owed is generally considered unpaid debt that a collection agency will pursue.

article thumbnail

What to Bring When Buying a Car

CreditStrong for Business

Credit Score and History If you intend to finance a vehicle or similar large purchase, obtaining a recent copy of your credit report is always encouraged. The three major credit bureaus, Equifax, Experian, and Transunion, each provide consumers one free copy of the report annually.

article thumbnail

How Will the Impending Credit Changes Affect Your Score?

Fundera

New business owners especially often have to rely on their personal access to credit in order to finance the beginning stages of their business operations. Fortunately, some changes coming down the pipeline could positively affect millions of Americans’ credit scores. How the NCAP Standards Will Affect Your Credit Score.

article thumbnail

SBA Loan Qualification Requirements: How To Get An SBA Loan

Lendio

For example, in 2017 the SBA helped connect entrepreneurs with 68,000 loans through the 7(a) and 504 loan programs alone. For example, when you look at the $85 billion invested by venture capitalists in 2017, businesses led by women only received about 2% of that total. It’s an institution.

article thumbnail

How to Recover From Business Credit Card Debt

Fundera

Business credit cards are essential financing tools for both new and established business owners alike. When you’re just beginning, they can be your main financing lifeline and how you build your business credit. Without careful use, though, you could spend faster than you can pay, and need to recover from business credit card debt.