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Due Diligence Doesn't End with the Credit Application

Your Virtual Credit Manager

Among other things, commercial bankruptcies have been steadily climbing over the past year. If the European parent company defaulted, the North American subsidiary would be pulled into bankruptcy even though its operations were profitable. Credit scores typically provide either a probability or default or of slow payment.

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What Is a Good Credit Score, and Why Should You Care?

Fundera

Even before you began your search for small business loans , you’ve more than likely heard of a credit score. You’ve also more than likely heard of a good credit score, too. Here’s the gist of it: Your credit score is a numerical indication of how responsibly you’ve handled your financial obligations.

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What Is a Good Credit Score? (And How to Get One ASAP)

Fundera

Credit scores have become a huge part of our lives. There’s no question a good credit score is crucial for so many varying parts of our lives, but the questions stands—what is a good credit score? What is the score you need to get the best credit card, mortgage, business loan , auto loan, etc.,

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A look back at 2024: 5 trends in credit management from the past year

Onguard

Indeed, one in four bankruptcies occur due to late payments of invoices, according to EU data. According to the latest Allianz data, 2024 is already going in the books as a record year for insolvencies , with Western Europe leading the rebound in the number of cases.

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The Best Quick Trick to Start Building Your Credit Fast

Fundera

We’re thinking of a number between 300 and 850… and it’s your credit score. Unless you have an absolutely perfect credit score—850—we’re willing to bet that you’d like to tack on a few points to that three-digit number. Building credit fast is no easy task. Why You Need to be Monitoring Your Credit.

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Financial Literacy: 10 Ways to Improve It

Due

As a result, this prevents harming your credit score or even bankruptcy. Understand credit scores. Lenders use a credit score between 300 and 850 to figure out how likely you are to repay debts,” explains Due Founder and CEO John Rampton. Your credit score will be pulled instead,” adds John.

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60 Business Finance Terms and Definitions You Absolutely Should Know

Fundera

A business finance term and definition referring to expenses that have been incurred but haven’t yet been recorded in the business books. Bankruptcy. Turning to bankruptcy should be given careful thought because it will have a negative effect on the business credit score. Business Credit Score.