CreditStrong for Business

AUGUST 27, 2024

Many aspects of the credit scoring system in the United States have remained virtually unchanged since the start of the 1990s, but it’s still a source of confusion for many Americans. In fact, roughly 40% of consumers report having no idea how credit scores work. What Is a Credit Score? What Is a FICO Score?

Credit Scoring 52

Credit Scoring Credit Reporting Agencies Credit Card Companies Credit Risk 52

CreditStrong for Business

MARCH 23, 2023

Many aspects of the credit scoring system in the United States have remained virtually unchanged since the start of the 1990s, but it’s still a source of confusion for many Americans. In fact, roughly 40% of consumers report having no idea how credit scores work. What Is a Credit Score? What Is a FICO Score?

Credit Scoring 59

Credit Scoring Credit Reporting Agencies Credit Card Companies Credit Risk 59

FICO Blog

APRIL 28, 2023

Credit Risk and FICO Score Trends? credit risk and FICO® Score trends. At the same time, increasing adoption of recent innovations in credit scoring solutions should benefit consumers, leading to greater consumer empowerment opportunities and credit access. has remained steady at 716.

Credit Risk 52

Credit Risk Credit and Collections Credit Scoring Debt Collections 52

CreditStrong for Business

AUGUST 2, 2024

If a lender asks you to sign a personal guarantee, a review of your personal credit will probably follow. A credit check helps the lender determine whether you’re a good credit risk and likely to repay your debts as promised. A minimum credit score of 680 is often necessary.

Credit Scoring 52

Credit Scoring Small Businesses Default Credit Risk 52

Abrigo

APRIL 22, 2024

At the same time, 59% pursued credit to meet operating expenses. While small business loans inherently benefit business owners, they also benefit communities, according to 2021 research for the SBA. A majority of applicants sought less than $100,000. Loans of less than $100,000 showed the strongest impact.

Credit Unions 97

Credit Unions Small Businesses Credit and Collections Credit Risk 97

FICO Blog

FEBRUARY 7, 2023

Home Blog FICO Top 5 Scores Posts of 2022: Steady FICO Score, BNPL and Alternative Data 2022 marked the first year in over a decade the average FICO Score did not increase, while the industry’s attention remained on topics such as alternative data and BNPL. FICO® Score XD 2 allows for exactly that.

Credit Scoring 52

Credit Scoring Debt Collections Credit and Collections Medical Billing 52

Abrigo

MAY 22, 2024

At the same time, 59% pursued credit to meet operating expenses. While small business loans inherently benefit business owners, they also benefit communities, according to 2021 research for the SBA. A majority of applicants sought less than $100,000. Loans of less than $100,000 showed the strongest impact.

Credit Unions 78

Credit Unions Small Businesses Credit and Collections Credit Risk 78