Article Credit Application Credit Scoring 
Your Virtual Credit Manager
JANUARY 23, 2024
Update credit applications: every 5 years, unless triggered sooner by a change in the business (e.g., Update credit bureau reports: every 2 years, unless triggered sooner by a change in their relationship with your company (e.g., request for substantially more credit, change in leadership, merger or acquisitions, etc.).
CreditStrong for Business
FEBRUARY 25, 2025
Does your credit score go up after inquiries fall off ? While it may be concerning to see your credit score take a small dip after applying for a new credit line, understanding why this change happens can help you take steps to repair your score. Does Removing Hard Inquiries Increase Credit Score?
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CreditStrong for Business
FEBRUARY 25, 2025
Does increasing the credit limit affect the credit score ? The answer typically depends on many factors, including how high or low your credit utilization is and what happens after you request a raise. Knowing when to do so and if you should raise your credit limit is also important to avoid damaging your credit score.
Your Virtual Credit Manager
DECEMBER 27, 2022
Because creditworthiness is complex, credit grantors consider a variety of factors when making credit decisions, including: Financial history: A business's credit and financial history, including their payment record and credit score, is an important factor in determining creditworthiness.
CreditStrong for Business
AUGUST 20, 2024
You’ve worked hard at building your credit and you now have a good credit score that can be used for applying and getting approved for the credit card you’ve always wanted. But a few weeks after you activate and begin using the new card, you may notice that your credit score takes a dip.
Your Virtual Credit Manager
MARCH 28, 2023
Using objective criteria, it is relatively easy to determine which companies are worthy of open credit terms and which are not. There is a challenge, however, with the 20 to 30 percent of credit decisions that fall in between. The question you need to answer is: should credit policy be liberal or conservative?
Your Virtual Credit Manager
SEPTEMBER 12, 2023
Processing Delays There are several AR activities that often take longer than they should and therefore cause delays: processing credit applications, approving orders, generating invoices, and posting payments. Starting in October, free subscribers will only receive the introductory section of our weekly articles.
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