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Payment History and How It Affects Your Credit Score

CreditStrong for Business

Payment history is the most important factor in calculating your FICO® credit score. Your payment history accounts for over a third of your overall FICO credit score, comprising 35% of the impact of all FICO credit score factors. Read more about the factors that impact your credit score.

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We Partnered with Hiscox to Make Insurance & Financing Easy

Fundera

Plus, they’ll get our free credit score monitoring and tools to help entrepreneurs better manage their finances. . Hiscox will offer crucial resources to business owners searching for capital, including expert articles and toolkits to aid the loan search and application processes.

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Reducing Debtor Days To Maximise Cashflow

Know-It Global

Since you’re here reading this article we suspect you’re having issues with not being paid on time. Late payments are crippling businesses all over the UK with 52% of businesses experiencing late payment , and 25% reporting increased instances of late payment in 2022. You’re not alone.

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Best Financial Books for Beginners

Due

We’re never paid for placement in our articles from any book or for links to our site—we value the trust readers put in us to offer authentic book evaluations of the financial advice behind them. As you can imagine, this was pretty radical stuff in the early 1990s,” notes Kara Perez in a previous Due article.

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How Does Credit Work? The Ultimate Guide

Fundera

Over time, your credit report records the ups and downs of your life story—and every money-related decision you make. The Role of Credit Bureaus. Unfortunately for borrowers, your credit score isn’t a memoir. How Does Credit Work? Figuring Out Your Score. Payment History (35%).

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8 Easy Things Every Young Adult Should Do To Save Money

Due

In this article, we’ll go over eight simple things every young person should do to save and get better acquainted with their money. As a general rule of thumb, keeping a low credit utilization ratio is better for your credit score. You should pay off as much of your credit debt each month.

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The Definitive Guide to your FICO SBSS Score

Fundera

You’ve got your personal credit score, your balance sheet, your profit and loss statement, your FICO SBSS…. You know, that small business credit score that’s all the rage these days? Credit Scores: A Refresher Course. A credit score reflects how trustworthy you are with money you borrow.