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.

Credit Scoring 52

Credit Scoring Bankruptcy Credit and Collections Third Party Collections 52

CreditStrong for Business

AUGUST 16, 2024

FICO® and VantageScore, the two primary credit scoring models, most commonly use a credit score range from 300-850. 850 is normally the highest credit score possible. However, some credit score ranges go up to 900. According to 2019 FICO credit score statistics , merely 1.6%

Credit Scoring 52

Credit Scoring Credit and Collections Debt Collections Bankruptcy 52

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?

Credit Scoring 52

Credit Scoring Credit Card Companies Bankruptcy Insurance Companies 52

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.

Credit Scoring 52

Credit Scoring Credit Unions Default Credit Card Companies 52

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

tillful

JUNE 14, 2023

Looking to learn the ins and outs of Experian business credit scores ? as a consumer credit reporting company, but it also collects information on millions of businesses and provides business credit reporting services. You can download the Tillful iOS app to check if your company has a credit profile with Experian.

Credit Scoring 52

Credit Scoring Credit and Collections Bankruptcy Credit Reporting Agencies 52

CreditStrong for Business

JULY 11, 2024

If you have poor credit, you might choose options like a prepaid phone, month to month plan, or work with a cosigner to help you qualify for a phone plan. You don’t have to let a bad credit score stop you. Do You Need a Credit Score To Get a Cell Phone? You don’t need a credit score to get a cell phone.

Credit Scoring 52

Credit Scoring Credit and Collections Bankruptcy 52

CreditStrong for Business

APRIL 3, 2023

However, qualifying members still need to meet specific credit requirements to get approval from a VA loan officer. Here’s what you should know about the minimum credit score for a VA loan. What is the Minimum Credit Score Requirement for a VA Loan? That often includes a minimum credit score.

Credit Scoring 59

Credit Scoring Chapter 7 Bankruptcy Default 59

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.

Credit Scoring 52

Credit Scoring Credit Reporting Agencies Credit Card Companies Bankruptcy 52

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.

Credit Scoring 40

Credit Scoring Credit and Collections Credit Card Companies Bankruptcy 40

The Red Spectrum

MAY 9, 2023

A high credit score is necessary in today’s society to obtain credit, loans, and other financial services. It is a sign of a person’s credit history and how likely they are to repay loans they have taken out. The greater the creditworthiness, the higher the score.

Credit Scoring 74

Credit Scoring Bankruptcy Default 74

Lendio

MAY 9, 2024

Whether you’ve gone through a personal or business bankruptcy, lenders will consider past bankruptcies when making a loan decision. This post will cover common questions about bankruptcy and how it impacts your loan application. Can you get a business loan after bankruptcy? Bankruptcy policy will vary by lender.

Bankruptcy 52

Bankruptcy Chapter 11 Chapter 7 Business Bankruptcy 52

RevCycle

NOVEMBER 15, 2023

One consequence is that it can damage credit scores. Medical debt can also lead to bankruptcy. In 2020, medical debt was a factor in 58% of all bankruptcies. Medical debt can have a negative impact on credit scores, making it difficult to qualify for loans and other financial products.

Medical Billing 206

Medical Billing Bankruptcy Credit Scoring Deductions 206

tillful

JANUARY 11, 2023

A business credit score is similar to your personal credit score in that it serves as a key indicator of your business’s financial health and reliability as a borrower to repay. Why is your business credit score a deciding factor for so many different financial transactions?

Credit Scoring 52

Credit Scoring Credit Reporting Agencies Credit and Collections Small Businesses 52

Lendio

FEBRUARY 22, 2023

What’s more, on Main Street, most bankers are just as interested in your personal credit rating as your business rating—sometimes even more. Minimum Credit Score By Loan Type Lenders look at both business and personal credit scores when reviewing small business financing applications.

Credit Scoring 52

Credit Scoring Credit and Collections Bankruptcy Small Businesses 52

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.

Credit Scoring 40

Credit Scoring Bankruptcy Credit and Collections Credit Card Companies 40

Fundera

SEPTEMBER 1, 2017

Well, if you’re a credit score aficionado like we are, you’ll recognize 850 as the absolute perfect credit score. Out of all your financial numbers, documents, and sheets, your credit score might just be one of the most important attributes out there. Quick(ish) Review: What’s a Credit Score?

Credit Scoring 92

Credit Scoring Bankruptcy Credit and Collections Default 92

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 52

Credit Scoring Credit Reporting Agencies Bankruptcy Small Businesses 52

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.

Credit Scoring 52

Credit Scoring Credit Reporting Agencies Credit Card Companies Bankruptcy 52

Your Virtual Credit Manager

JANUARY 23, 2024

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.

Credit Application 130

Credit Application Bad Debt Bankruptcy Credit Scoring 130

Fundera

DECEMBER 13, 2018

What Is a Perfect Credit Score? When it comes to personal credit scores, the absolute perfect credit score is 850. Though it may seem impossible, it’s actually totally doable if you’re responsible with your debt and check (and recheck) your credit score often.

Credit Scoring 75

Credit Scoring Bankruptcy Credit and Collections Default 75

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. Dun & Bradstreet PAYDEX.

Credit Scoring 40

Credit Scoring Credit and Collections Credit Reporting Agencies Bankruptcy 40

CreditStrong for Business

SEPTEMBER 12, 2024

Public records usually appear on your credit report as the result of a financial disaster. Evictions, foreclosures, bankruptcies, and judgments are terrible news for your credit. Each one of these affects your credit reports and scores differently. What Do Public Records Mean on a Credit Report?

Chapter 7 52

Chapter 7 Credit Reporting Agencies Bankruptcy Credit and Collections 52

CommandCredit

OCTOBER 4, 2021

An excellent credit score demonstrates that you made good financial business decisions, such as keeping your debt low, paying your bills on time, and using credit responsibly. You should check your business credit score so you know what others see when they look at your business credit report.

Credit Scoring 40

Credit Scoring Credit Risk Credit Unions Bankruptcy 40

Fundera

SEPTEMBER 23, 2016

It’s extremely important to work on building your personal credit, and not just for your business’s sake. Over the course of your lifetime, you could end up paying $230,000 less in interest if you had an excellent credit score (750+) than if you had a credit score that needs work (300–639).

Credit Scoring 102

Credit Scoring Credit and Collections Bankruptcy Small Businesses 102

CommandCredit

OCTOBER 25, 2021

Whether you are looking to take out a business loan, asking your suppliers or vendors for credit, or just curious about your business credit score , you should check your business credit report to see how others view your creditworthiness. Factors Credit Agencies Use to Create Business Credit Scores.

Credit Scoring 40

Credit Scoring Credit Reporting Agencies Credit and Collections Bankruptcy 40

Fundera

MAY 10, 2016

Well, if you’re a credit score aficionado like we are, you’ll recognize 850 as the absolute perfect credit score. Out of all your financial numbers, documents, and sheets, your credit score might just be one of the most important attributes out there. Quick(ish) Review: What’s a Credit Score?

Credit Scoring 76

Credit Scoring Bankruptcy Credit and Collections Default 76

Fundera

NOVEMBER 11, 2016

Building up your business credit is an alternative that often makes it easier to get a business loan. Business credit is calculated on a scale, too. While personal credit is ranked between 300 and 850, business credit scores are usually on a scale between 0 and 100. The Role of Business Credit Reports.

Credit Scoring 93

Credit Scoring Credit Reporting Agencies Bankruptcy Small Businesses 93

CreditStrong for Business

OCTOBER 24, 2024

Variable requirements might include a minimum credit score or monthly income, some deposit or asset for securing the loan (collateral), a specified debt-to-income ratio, and others. Since past financial behavior is a strong indicator of future behavior, your credit history is a primary factor summarized in a three-digit credit score.

Bankruptcy 52

Bankruptcy Credit Scoring Credit and Collections Credit Unions 52

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.

Credit Scoring 72

Credit Scoring Bankruptcy Credit and Collections Chapter 7 72

CreditStrong for Business

OCTOBER 30, 2024

Because a debt settlement results in not paying the balance in full, it will negatively impact your credit. Additionally, late payments often accumulate during the negotiation process, which may worsen your credit score. The duration needed for rebuilding credit after the settled debt payment process may vary.

Credit Scoring 52

Credit Scoring Credit and Collections Bankruptcy Chapter 7 52

Fundera

JULY 20, 2018

Most of us are familiar with the concept of checking our credit score—and, luckily, it’s a fairly simple process these days (for instance, you can do it right here). It’s true—even though you might think that a business credit score is just, well, private business , it’s actually publicly accessible.

Credit Scoring 73

Credit Scoring Bankruptcy Credit and Collections Credit Reporting Agencies 73

Fundera

JULY 12, 2016

While there’s some debate in American politics over whether or not “corporations are people,” it is true that businesses have credit scores and can receive credit reports the same way individuals do. What is a Business Credit Score? Public records that include bankruptcies and judgements. Company size.

Credit Scoring 75

Credit Scoring Credit and Collections Bankruptcy Credit Card Companies 75

Fundera

MARCH 26, 2018

And among those fluctuating factors might be a minimum credit score for loan eligibility. But for the vast majority of small business loans , the lender will at least look at your credit score. With that in mind, it’s worth looking at the minimum credit scores required for each loan type—or at least the ranges they’re in.

Credit Scoring 71

Credit Scoring Credit and Collections Accounts Receivable (AR) Small Businesses 71

Fundera

SEPTEMBER 1, 2017

While there’s some debate in American politics over whether or not “corporations are people,” it is true that businesses have credit scores and can receive credit reports the same way individuals do. What is a Business Credit Score? Length of credit history. How Can I Check the Credit Score of my Business?

Credit Scoring 70

Credit Scoring Credit and Collections Bankruptcy Credit Card Companies 70

Fundera

SEPTEMBER 20, 2018

What Is Business Bankruptcy? If you’re struggling to pay off business debts, filing for business bankruptcy might help. Business owners can file for Chapter 7, Chapter 11, or Chapter 13 bankruptcy, depending on the business’s debt levels and financial situation. Chapter 7 Bankruptcy (Liquidation).

Business Bankruptcy 74

Business Bankruptcy Bankruptcy Chapter 11 Chapter 7 74

Fundera

NOVEMBER 11, 2016

Building up your business credit is an alternative that often makes it easier to get a business loan. Business credit is calculated on a scale, too. While personal credit is ranked between 300 and 850, business credit scores are usually on a scale between 0 and 100. The Role of Business Credit Reports.

Credit Scoring 79

Credit Scoring Credit Reporting Agencies Bankruptcy Small Businesses 79