CreditStrong for Business

JULY 19, 2024

The short answer is that no, checking your own credit score does not lower it. Checking your credit score is treated as a soft credit inquiry that will not harm your credit rating. These free credit reports do not typically include credit scores. What is a Soft Credit Check?

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CreditStrong for Business

AUGUST 2, 2024

In many cases, a consumer who has seemingly been managing their finances responsibly will notice an unexpected credit score drop. This negative credit score fluctuation is particularly troubling for those concerned with maintaining good credit for an upcoming home or auto loan. 8 Reasons Why a Credit Score Drops 1.

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Fundera

DECEMBER 12, 2018

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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Fundera

NOVEMBER 21, 2017

As you might know, your business credit score is very important to your business’ financial health. A change in credit score could alter the course of your business for the foreseeable future—but how often does that happen? What is a business credit score? A variety of factors contribute to this score.

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CreditStrong for Business

JULY 19, 2024

Business credit cards have perks that consumer credit cards don’t have. This list features top business credit cards for low credit scores that let you apply online and get almost instant approval results. Applying won’t even affect your credit score negatively.

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CreditStrong for Business

AUGUST 9, 2024

A good credit score is the key to unlocking many doors in personal finance. You’ll need a good credit score to access the best credit card accounts, get an affordable car loan, and become a homeowner. of Americans have a subprime credit score. of Americans have a subprime credit score.

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Due

APRIL 2, 2024

Life’s uncertainties—job loss, emergencies, foreclosures, bankruptcies—can severely damage credit. With a commitment to bouncing back, discipline, careful planning, concrete goals, and strategic choices, it is possible to recover from financial troubles and rebuild your credit status.

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CommandCredit

OCTOBER 11, 2021

A good business credit score can help you get financing more easily. It can help if you need to take out a business loan or establish credit with another company. At Command Credit, we make it easy to check your business credit score or those of your customers and suppliers.

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CreditStrong for Business

MARCH 13, 2023

A good credit score is the key to unlocking many doors in personal finance. You’ll need a good credit score to access the best credit card accounts, get an affordable car loan, and become a homeowner. of Americans have a subprime credit score. of Americans have a subprime credit score.

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Fundera

AUGUST 26, 2018

The biggest consideration for card issuers is your personal credit score—if you’re responsible with your personal debt, as indicated by your credit history, you’re lower risk for a business credit card. Credit card companies aren’t so much betting that you’ll go out of business.

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Credibly

FEBRUARY 23, 2023

Table of Contents Why Should I Get My Credit Score? What is My Business Credit Score? What is a Business Credit Report? What is a Business Credit Bureau? How Do I Check My Business Credit Score? Just as each person has a unique credit score, each business also has its own credit score.

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Fundera

APRIL 25, 2018

As you might know, the higher your credit score, the more business credit card options you’ll have available to you. If you have bad credit, on the other hand, your options will be limited—but not zero. Because many consumers struggle with their credit scores. have deep subprime credit scores.

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Due

MARCH 26, 2024

Credit cards can be a highly convenient tool for facilitating daily transactions and managing personal expenses. They can also earn financial rewards, get free credit scores , secure payments from fraud, and get valuable benefits like purchase and price protection. Therefore, they are okay with your minimum payments.

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CreditStrong for Business

OCTOBER 24, 2024

However, in 2009 legislators passed the Credit Card Accountability Responsibility and Disclosure Act of 2009 (Credit CARD Act), which might make qualifying more challenging. One provision of the Credit CARD Act requires that issuers of cards assess an applicant’s capability of repaying any debt incurred.

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CreditStrong for Business

OCTOBER 3, 2024

When you’re focused on improving your credit, you’re always keeping tabs on the personal tradelines being added and removed from your credit report. If you’ve recently added a new tradeline with the hopes of increasing your credit score, you’re probably wondering when it will start showing.

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Fundera

OCTOBER 20, 2019

Get a handle on your personal and business credit scores. We’ll break down need-to-know accounting terms, how to handle your credit scores, how to apply for a business loan, and more—so that you’ll have all the information you need to manage your small business finances.

Small Businesses 101

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CreditStrong for Business

SEPTEMBER 12, 2024

While the presence of hard inquiries on your credit report can significantly impact your overall creditworthiness, applying for credit or loan-related services will inevitably lead to a hard inquiry being recorded. But how long do hard inquiries stay on your credit report?

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CreditStrong for Business

SEPTEMBER 12, 2024

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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CreditStrong for Business

MARCH 10, 2023

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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CreditStrong for Business

MARCH 8, 2023

Although the credit reporting agency is obligated to document hard credit account inquiries for 24 months on your credit bureau report, both the Fair Isaac Corporation (FICO) and VantageScore credit score models only factor in hard inquiries from the previous 12 months.

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CreditStrong for Business

SEPTEMBER 12, 2024

The company that has furnished or reported unpaid debts or other forms of adverse payment history to the credit bureaus is typically a third-party debt collector; however, it might be the original lender associated with the debt such as a bank or credit card company. Can I Fix My Credit By Myself?

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Fundera

JUNE 5, 2018

If the worst-case scenario occurs, and your business falls behind on their credit card payments, the credit card company can leverage that personal guarantee and seize any and all of your personal financial assets to recoup that missing debt.

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CreditStrong for Business

OCTOBER 24, 2024

Improving your credit score can be challenging, especially when you’re trying to rebuild it after making some mistakes. Let’s explore what you need to know about CPNs, including how they work, why you should avoid them, and what to do to improve your credit instead of buying one. Unfortunately, that’s always a bad idea.

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CreditStrong for Business

OCTOBER 24, 2024

Opportunity to Improve Credit In addition to reducing the financial burden of your outstanding balances, debt consolidation may help you improve your credit score , though the initial application for a new loan or credit card can cost you points. As a result, consumers often use it to consolidate credit card debt.

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Fundera

NOVEMBER 17, 2018

Get ready to learn about need-to-know accounting terms, managing your credit scores, applying for a business loan , and more so you can feel prepared for managing finances for a small business. Part 3: Get a Handle on Your Credit Scores. How to Manage (and Boost) Your Personal Credit Score.

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Fundera

NOVEMBER 17, 2018

Get ready to learn about need-to-know accounting terms, managing your credit scores, applying for a business loan , and more so you can feel prepared for managing finances for a small business. Part 3: Get a Handle on Your Credit Scores. How to Manage (and Boost) Your Personal Credit Score.

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CreditStrong for Business

NOVEMBER 7, 2024

Prospective homebuyers seeking a mortgage loan may use several strategies for improving low credit scores. Examples include reviewing credit bureau reports for possible credit account errors, avoiding late payments, paying down debt, and getting a credit builder loan.

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Due

MAY 5, 2023

By going paperless with your bills , you can reduce clutter around the house — and even save some trees All the companies that you do business with make it easy for you to opt for electronic billing. This includes banks, credit card companies, cable TV providers, cellphone companies, and insurance companies.

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CreditStrong for Business

JULY 15, 2022

One common misconception about credit is that having no credit history is equivalent to having a bad credit score. People without a credit history are in a completely separate category from those with poor credit. If You Have No Credit, What is Your Score? You’re credit invisible.

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Fundera

APRIL 5, 2018

That said, you can be pretty certain that the card issuer will consider this criteria really carefully when you apply for your business credit card. Credit card companies want to know that you’ll spend responsibly, and that your revenue can handle monthly credit card payments.

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Due

OCTOBER 23, 2023

An individual’s credit utilization ratio indicates what percentage of their total available credit they are currently using. Credit reporting agencies use the utilization ratio as one of the components to calculate credit scores. Also, don’t get upset if a company says “no.”

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CreditStrong for Business

NOVEMBER 7, 2024

We’ll even include the credit score you’ll need to aim for with each one. Different Types of Credit Cards Secured Credit Cards A secured credit card is specifically designed for credit beginners and people who’ve had past issues with their credit.

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