Credit Absolute

JUNE 12, 2024

Yet, for the average American, the rise and fall of stock prices can significantly impact their personal credit score.

Credit Scoring 97

Credit Scoring 97

CreditStrong for Business

FEBRUARY 25, 2025

If a collection account is deleted, does your credit score increase ? The short answer is that it depends on the credit-scoring model used to evaluate your credit. If a collection account appears on your credit, it highlights a crucial issue with your financial health, which you should immediately work to improve.

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Credit Scoring Credit and Collections Medical Billing Collector 52

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.

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Credit Scoring Dashboards Credit Application 52

CreditStrong for Business

FEBRUARY 25, 2025

If youre about to apply for a mortgage loan, you are most likely concerned about how the loan will affect your credit score. This is because your credit score significantly influences your financial prospects and your chances of qualifying for loans, lower interest rates, cash back rewards, and travel points.

Credit Scoring 52

Credit Scoring Bankruptcy Dashboards Credit Management 52

Fundera

APRIL 12, 2016

Your credit score is a three-digit number that gives potential lenders an idea of how likely it is that you’ll be able to pay off debt. The higher, the better: most credit score ranges begin at 300 and increase until 850. If you have a score of 850, you get a million gold stars and the best possible loan options.

Credit Scoring 68

Credit Scoring Credit Reporting Agencies Credit and Collections Credit Card Companies 68

Fundera

JANUARY 22, 2018

But is there an SBA loan credit score minimum? . Even though the program is meant to help more small businesses get financing, it does have strict requirements for qualifying—including a good credit score. Small Business Administration draw the line on SBA loan credit score minimum? But where does the U.S.

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Credit Scoring Small Businesses Credit Unions Default 69

Abrigo

FEBRUARY 25, 2025

This article covers these key topics: Cultivating fertile ground for small business lending Do large lenders have an advantage in small business lending? It can automatically access credit scores and run loan details and borrower information against the financial institutions risk management policies.

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Small Businesses Credit Scoring Credit Risk 78

CreditStrong for Business

JULY 11, 2024

It’d be helpful if you get it, but you’re probably wondering what credit score you need to get a small business loan. In this article, we’ll cover the different types of business loans and the credit expectations for each. It’s important to make sure your credit score is in the best place to get the loan you want.

Credit Scoring 52

Credit Scoring Small Businesses Credit Unions Bad Debt 52

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.

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Credit Scoring Credit Reporting Agencies Credit Card Companies Credit Application 52

CreditStrong for Business

NOVEMBER 7, 2024

Revolving utilization is a big part of your credit score: 30% to be exact. There are certain accounts on your credit report that contribute to it while others don’t. There are also ways you can reduce your utilization rate and improve your credit score. It’s also the second largest factor in your credit.

Credit Scoring 40

Credit Scoring Credit Card Companies 40

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.

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Credit Scoring Credit and Collections Accounts Receivable (AR) Credit Application 130

CreditStrong for Business

JULY 5, 2022

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.

Credit Scoring 52

Credit Scoring Credit Card Payments Credit and Collections Deductions 52

Due

FEBRUARY 6, 2023

Having an emergency savings account is one of the most crucial ways to prevent credit card debt from building up. As a result, this prevents harming your credit score or even bankruptcy. This Due article explains the different types of budgets and ho to choose the right type. Understand credit scores.

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Credit Scoring Default Bankruptcy 115

Your Virtual Credit Manager

JANUARY 23, 2024

Credit Scores: while credit scores are useful for establishing credit, they provide even more intelligence when viewed over time. Credit scores typically provide either a probability or default or of slow payment. There is a sequel to the case study referenced at the beginning of this article.

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Credit Application Bad Debt Bankruptcy Credit Scoring 130

Fundera

OCTOBER 16, 2015

In this article, I’ll try to help out by taking a closer look at two very popular alternative financing sources, Kabbage and OnDeck, and when it comes to Kabbage vs. OnDeck, how they differ. . Personal credit scores. Minimal time in business. Cash flow requirements. The median time to funding for Fundera customers was 5.9

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Small Businesses Credit Scoring Deductions Default 102

Onguard

DECEMBER 18, 2024

Trends in credit management #4: Growing digitalisation of work processes The growing AI presence in the past couple of years has put work efficiency in the spotlight, due to its potential to automate repetitive, time-consuming tasks (credit scoring, payment processing, customer communications, etc.).

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Credit Management DSO Days Sales Outstanding Credit and Collections 52

Eagle Business Credit

AUGUST 23, 2023

For small business owners seeking funding options, new entrepreneurs embarking on their journey, and even those grappling with poor business credit, understanding the significance of a business credit score is a fundamental step towards securing financial stability and growth. What Is a Business Credit Score ?

Credit Scoring 40

Credit Scoring Credit Reporting Agencies Bankruptcy Small Businesses 40

The Red Spectrum

JUNE 12, 2023

They will look at your credit score, payment history, utilization ratio, balance transfers, cash advances, and other transactions. Credit History Banks will assess your credit history to see how long you have been using credit and how reliable you are as a borrower. You Learn, We Report, and You Grow.

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Credit Scoring Transactions Default Small Businesses 96

tillful

MAY 12, 2023

A poor business credit score or thin credit history can get in the way when applying for small business loans. This is especially true in higher interest rate environments, when lenders pull back on credit (like now). In this article, we’ll talk about how you can qualify for business loans, and which options to look into.

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Credit Scoring Credit and Collections Small Businesses Default 98

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 rule of thumb is the longer in business the lesser the credit risk. Photo by CardMapr.nl

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Credit Scoring Credit Application Bad Debt Credit Risk 130

Due

MARCH 11, 2025

Credit improvement. How to understand and improve your credit score. The following information can be found on sites like Due , Investopedia , NerdWallet , and Khan Academy ; Comprehensive articles. Developing a plan for paying down debt , negotiating with creditors, and exploring debt consolidation options.

Nonprofit Organizations 52

Nonprofit Organizations Credit Scoring Credit Management 52

Lendio

NOVEMBER 14, 2023

However, before committing to a revolving line of credit, it’s important to do the math and understand the terms of the loan. In this article, we’ll explore how to calculate the interest and payment on a revolving line of credit and provide tips for applying for this type of financing.

Credit Scoring 98

Credit Scoring Small Businesses 98

Fundera

MARCH 6, 2019

Turning to bankruptcy should be given careful thought because it will have a negative effect on the business credit score. Business Credit Score. A business credit score is calculated based on the information found in the business credit report. FICO Score. Articles of Incorporation.

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Credit Scoring Credit and Collections Bankruptcy Small Businesses 105

Due

JANUARY 27, 2023

Credit score. It is also important to maintain a good credit score in order to maintain financial health. The debt-to-credit ratio can be influenced by many factors including debt payments, credit utilization, repayment history, credit mix, and credit history. Numbers vary by lender.

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Credit Scoring Credit and Collections Credit Card Companies Default 105

Fundera

SEPTEMBER 28, 2016

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.

Credit Card Payments 88

Credit Card Payments Credit Scoring Small Businesses 88

Fundera

OCTOBER 6, 2015

She regularly writes thought-provoking tweets on current events and shares articles from numerous sources. His Twitter feed regularly shares his articles, business tips, and news; he’s also the author of Streetwise Small Business Book of Lists and The Manufacturer’s Book of Lists. Gene Marks. Want to read more? Visit the blog.

Small Businesses 112

Small Businesses Credit Scoring Deductions 112

Lendio

MAY 28, 2024

Reasons for this can range from operating in a risky industry to a low credit score. You could also be asked for a copy of your LLC or articles of incorporation, if relevant. Your best bet is often to apply for financing (remember, it only takes 15 minutes and doesn’t impact your credit score) to see what’s needed.

Small Businesses 98

Small Businesses Credit Scoring Transactions 98

Know-It Global

APRIL 13, 2023

Since you’re here reading this article we suspect you’re having issues with not being paid on time. You’ll see a business’ credit score and rating, a suggested credit limit and their previous track record of making payments on time as well as key financial figures and any CCjs. You’re not alone.

Credit and Collections 97

Credit and Collections Days Sales Outstanding Credit Scoring DSO 97

Fundera

MARCH 10, 2016

Note: This article is the second in a three-part series on the popular alternative business lender, SmartBiz. citizen or Lawful Permanent Resident who is at least 18 years old, and a good personal credit score,” she says. Your Credit Score Matters. based business owned by U.S. says Balint.

Credit Scoring 76

Credit Scoring Bankruptcy Small Businesses 76

Fundera

AUGUST 3, 2016

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. The FICO Algorithm. Payment History (35%).

Credit Scoring 73

Credit Scoring Credit and Collections Default Credit Reporting Agencies 73

Fundera

FEBRUARY 6, 2018

Turning to bankruptcy should be given careful thought because it will have a negative effect on the business credit score. Business Credit Score. A business credit score is calculated based on the information found in the business credit report. FICO Score. Articles of Incorporation.

Small Businesses 105

Small Businesses Credit Scoring Credit and Collections Bankruptcy 105

Your Virtual Credit Manager

SEPTEMBER 12, 2023

Starting in October, free subscribers will only receive the introductory section of our weekly articles. Plus, you get full access to our growing archive of over 100 articles! Offer ends 9/30/23. Subscribe now 2. Process Errors The same areas of the AR process come into play when it comes to generating errors.

Credit and Collections 130

Credit and Collections Bad Debt Accounts Receivable (AR) Deductions 130

SAP Credit Management

JANUARY 17, 2023

For example, instead of lending money directly to borrowers, banks could offer them loans based on their credit scores or other factors beyond the traditional underwriting process used today. Well, if you liked reading this article, then follow our blog for more such interesting pieces of stories and valuable pieces of information.

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Investment Firms Transactions Credit Scoring 120

Fundera

MARCH 8, 2016

In other cases, their personal credit scores might be too low for them to be eligible guarantors. By this point, you probably know that applying for small business financing requires you to report your personal credit score. The relationship between credit scores and personal guarantees works the other way, too.

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Credit Scoring Default Credit and Collections Small Businesses 74

Your Virtual Credit Manager

JANUARY 9, 2024

Two weeks ago we recapped the three most read articles from 2023: identifying red flags, understanding why customers pay late, and the secrets of successful collectors. Then last week we looked at credit hold best practices. From a credit management perspective, these are largely reactive topics.

Credit and Collections 130

Credit and Collections AR Aging Accounts Receivable (AR) Deductions 130

Fundera

AUGUST 12, 2019

.” She regularly writes thought-provoking tweets on current events and shares articles from numerous sources. His Twitter feed regularly shares his articles, business tips, and news; he’s also the author of “Streetwise Small Business Book of Lists” and “The Manufacturer’s Book of Lists.” Gene Marks.

Small Businesses 97

Small Businesses Credit Scoring Deductions 97

Due

OCTOBER 9, 2024

This article aims to provide an in-depth understanding of the relationship between mortgage rates, the 10-year treasury rate, individual credit scores, and the MOVE Index. A credit score is a numerical expression based on a level analysis of a person’s credit files, representing the creditworthiness of an individual.

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Credit Scoring Default 52