Your Virtual Credit Manager

JANUARY 23, 2024

Update credit applications: every 5 years, unless triggered sooner by a change in the business (e.g., Update credit bureau reports: every 2 years, unless triggered sooner by a change in their relationship with your company (e.g., request for substantially more credit, change in leadership, merger or acquisitions, etc.).

Credit Application 130

Credit Application Bad Debt Bankruptcy Credit Scoring 130

CreditStrong for Business

NOVEMBER 7, 2024

Those with a positive credit history and good credit score are most likely to qualify for the most desirable credit card accounts with lower interest rates. Cons The loan funds in most installment credit options provide financing for a single, one-time purchase in the form of a lump sum.

Automobile Dealerships 40

Automobile Dealerships Credit Scoring Credit and Collections Credit Card Payments 40

CreditStrong for Business

OCTOBER 24, 2024

You’ll find this most often with travel rewards credit cards. A credit card issuer like Amex or Citibank might partner with an airline or a hotel to offer rewards specifically for booking with them. This gets expensive when you’re talking about credit cards. Late payments will also put a dent in your credit score.

Credit Scoring 52

Credit Scoring Credit Application Credit Card Companies 52

Gaviti

JULY 11, 2024

Credit monitoring and management. Automate the credit application process by allowing credit application submissions online to both existing and potential customers.

DSO 52

DSO AR Automation Credit and Collections Bad Debt 52

Lendio

JANUARY 25, 2023

I’ll enter that receipt into my financial books later” ). Build Good Business Credit Lenders rely on credit scores to evaluate the risk of their credit applicants. Good credit scores tell a lender that an applicant is more likely to repay the money they are asking to borrow as promised.

Small Businesses 52

Small Businesses Credit Scoring Deductions Credit Application 52

tillful

MARCH 15, 2023

When you apply for a business loan , the lender is going to consider a variety of factors including your credit score, annual revenue, time in business, and industry risk. During the initial credit application, lenders will often ask you to select your industry from a dropdown menu of business categories.

Credit and Collections 52

Credit and Collections Credit Scoring Credit Reporting Agencies Credit Card Payments 52

Biz2X

APRIL 13, 2023

In the banking and alternative small business lending industries, getting new loans closed and on the books is the first step to growing a profitable loan portfolio. Credit monitoring works hand in hand with a bank’s underwriting process.

Credit Unions 52

Credit Unions Default Credit Risk Credit Scoring 52