Remove 2021 Remove Credit Scoring Remove Deductions
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Are Credit Card Fees Tax Deductible for Businesses?

CreditStrong for Business

Credit cards are powerful tools, and almost 70% of small businesses use them each month. 1 Understandably so, as they can help facilitate sales and purchases, separate personal and business funds, and build your business credit scores. Are Credit Card Fees Tax Deductible for Businesses?

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How to Get Your Credit Score From 750 to 800

CreditStrong for Business

An 800 credit score is perfect credit. You get the best mortgage rates, fast approvals, and qualify for the best credit cards and loans. Although it might sound difficult to get there, it’s easy to accomplish when you pay all of your bills on time, pay down debt, and make vigilant decisions on applying for new credit.

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How Long Do Late Payments Stay on Your Credit Report?—Everything You Need To Know

CreditStrong for Business

Unfortunately, regardless of the reason, they will affect your credit score. Still, you may be wondering—how long do late payments stay on your credit report? Still, you may be wondering—how long do late payments stay on your credit report? How Does a Late Payment Affect Your Credit?

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Is Your AR Generating All the Cash Flow It Should?

Your Virtual Credit Manager

YVCM was launched in 2021 and continues to grow. To make matters worse, invoice errors also tend to generate payment deductions (partial payments). Correcting invoices and reconciling payment deductions are essentially rework: work that is not necessary if you got it right the first time.

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How Long Do Late Payments Stay on Your Credit Report?

CreditStrong for Business

Late payments remain on your credit bureau report and influence your credit score for seven years. Fortunately, there are ways to improve your overall credit profile to offset the adverse results that late payments have on your credit score. and 35% of your FICO score.

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How to Get Startup Business Loans with Bad Credit

CreditStrong for Business

You’ll usually need good personal and business credit to qualify for an account. They often have clients with no business credit history and only fair or bad personal credit scores, which start at around 600 for FICO. However, online lenders tend to be significantly more flexible.

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Set Your Money on Autopilot: How to Save with Financial Automation

Due

Also, you’ll always be in good standing with your bills, protecting your credit score and preventing late fees. In fact, according to the Fed’s survey of 2022 Economic Well-Being of US Households , 37% of Americans lack the funds to cover a $400 emergency expense — up from 32% in 2021. Spend less, save more.