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.

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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?

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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.

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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.

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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.

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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.

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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.

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Fundera

DECEMBER 28, 2016

For consumers and small business owners alike, credit bureaus, credit reports, and credit scores can feel like one big, confusing puzzle. What exactly goes into that all-important, 3-digit number known as your credit score? That’s why we’re diving deep into credit inquiries. A Credit Report Explained.

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Fundera

JULY 6, 2016

That’s right: your personal ( not business) credit score matters more than anything else. In this credit score guide, we’ll take a look at why your credit score matters, how it affects your business financing, and what improving your credit can do. What’s a Credit Score? Quick Reminder.

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CreditStrong for Business

AUGUST 9, 2024

FICO, the model used by the majority of lenders, generates credit scores using the FICO® Score 8 version with a range beginning at 300 up to an 850 maximum score. However, certain industry-specific FICO credit score versions use a 250 to 900 range. Given that, 300 is often the lowest credit score.

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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?

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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).

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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.

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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.

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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.

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CreditStrong for Business

SEPTEMBER 4, 2024

Making the decision to file for bankruptcy is far from easy. The trade-off for having your debt eliminated is a long-lasting derogatory mark on your credit report identifying you as a huge credit risk. Your credit report sees the effects of a bankruptcy filing for ten years for a chapter 7 bankruptcy.

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Fundera

JUNE 15, 2018

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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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.

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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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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.

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CreditStrong for Business

OCTOBER 18, 2024

The Intelliscore Plus credit score is a business credit score created by Experian, which is one of the major business and consumer credit bureaus. The newest version of the Intelliscore Plus has a range of 300 to 850, which aligns with most personal credit score ranges.

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CreditStrong for Business

FEBRUARY 25, 2025

Having a healthy credit score is more than a financial achievementits your gateway to better credit card deals, lower interest rates, convenient loan terms, and even housing options. In this article, we show you how to clean up your credit score and improve your score quickly after the cleanup.

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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%

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Your Virtual Credit Manager

DECEMBER 27, 2022

Because creditworthiness is complex, credit grantors consider a variety of factors when making credit decisions, including: Financial history: A business's credit and financial history, including their payment record and credit score, is an important factor in determining creditworthiness.

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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

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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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.

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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.

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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?

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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.

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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

FEBRUARY 25, 2025

Credit builder cards assist in growing or rebuilding your credit and can help you stay on track to improve your credit score. Understanding how these cards work and knowing what to look out for will be useful in choosing one that helps you establish credit, qualify for loans, and unlock exclusive rewards.

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Due

JANUARY 3, 2023

Often referred to as credit reporting agencies, these companies work independently. Credit Reports vs. Credit Scores. Your credit scores are also influenced by your credit reports. The reason for this is that credit scores are calculated using information from your credit report.

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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.

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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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CreditStrong for Business

FEBRUARY 25, 2025

Your FICO score isnt a random number lenders like to ask aboutits a gateway to a more secure financial future. Your credit score is a reflection of your financial activities and behaviors, a useful tool for opening doors to financial opportunities or a roadblock to achieving your financial goals.

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