Fundera

APRIL 25, 2018

Maybe they splurged on a large purchase, increased their credit utilization ratio, and struggled to pay down their balance. Maybe they have a recent bankruptcy on their report, which can cause major damage to a credit score. . Essentially, a secured credit card requires that the cardholder puts down your own cash as collateral.

Credit Scoring 72

Credit Scoring Credit Card Companies Small Businesses Bankruptcy 72

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. Here’s how to make sure you don’t default on your payments: 1.

Credit Scoring 71

Credit Scoring Default Small Businesses Credit Card Payments 71

CreditStrong for Business

JULY 15, 2022

Without any credit history, you don’t fall into any credit range. You’re credit invisible. It wouldn’t be fair at all to lump people who have made no mistakes in with those who have a low credit score because they declared bankruptcy. Most modern credit scoring methods bottom out at 350.

Credit Scoring 52

Credit Scoring Credit Unions Credit Reporting Agencies Credit Card Companies 52

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.

Insurance Companies 119

Insurance Companies Credit Scoring Medical Billing Deductions 119

Fundera

DECEMBER 12, 2018

Lenders and credit card issuers pull credit scores when they’re considering whether to approve a potential borrower or cardholder. Logically, lenders only want to work with the borrowers who pose the least amount of risk of defaulting on their debt.

Credit Scoring 71

Credit Scoring Credit and Collections Credit Risk Default 71

Fundera

OCTOBER 20, 2019

Here are some tips on improving or maintaining that all-important number (and even attaining a perfect credit score ): Pay all your loan bills in full and on time. Avoid FICO demerits like loan defaults, bankruptcy, judgments, collections, and foreclosures. Don’t max out your credit cards.

Small Businesses 101

Small Businesses Credit Scoring Credit and Collections Default 101

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.

Credit Scoring 49

Credit Scoring Credit Card Companies Credit and Collections Small Businesses 49

Fundera

NOVEMBER 17, 2018

Here are some tips on improving or maintaining that all-important number (and even attaining a perfect credit score ): Pay all your loan bills in full and on time. Avoid FICO demerits like loan defaults, bankruptcy, judgments, collections, and foreclosures. Don’t max out your credit cards.

Small Businesses 75

Small Businesses Credit Scoring Credit and Collections Default 75

Fundera

NOVEMBER 17, 2018

Here are some tips on improving or maintaining that all-important number (and even attaining a perfect credit score ): Pay all your loan bills in full and on time. Avoid FICO demerits like loan defaults, bankruptcy, judgments, collections, and foreclosures. Don’t max out your credit cards.

Small Businesses 75

Small Businesses Credit Scoring Credit and Collections Default 75