CreditStrong for Business

AUGUST 16, 2024

In the business credit world, there are five main credit reporting agencies. These credit bureaus gather information about your company and resell it to others that want to predict the risk of loaning money to your company. It’s wise to understand who the business credit bureaus are and how they operate.

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CreditStrong for Business

SEPTEMBER 12, 2024

This includes: Late credit card payments Late student loan payments Collection agency activity Other missed payments toward debts Entries showing late payments, often referred to as delinquencies, remain on your credit report for seven years. What Is Considered as a Late Payment?

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Credit Scoring Credit Card Payments Credit and Collections Bankruptcy 52

CreditStrong for Business

MARCH 10, 2023

Most negative information such as late credit card payments, collection agency activity, and other missed payments toward debts remain on your credit report for seven years. Bankruptcy is an exception that may remain on your credit bureau report for up to 10 years.

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Due

OCTOBER 23, 2023

Also, if you pay your credit card bill regularly, your balance/utilization ratio may decrease. An individual’s credit utilization ratio indicates what percentage of their total available credit they are currently using. Round up your loan payments. Bankruptcy counseling. Damaged credit score.

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CreditStrong for Business

MARCH 8, 2023

The three major credit bureaus, Equifax, Experian, and TransUnion, must record hard credit inquiries or “hard pulls” on consumer credit files for two years. A credit reporting company must maintain the inquiry (entry) as part of the credit history unless it was fraudulently conducted.

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