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Do You Need a Business Loan Broker?

CreditStrong for Business

They usually lack sufficient time in business to meet lending requirements or established business credit scores. Reach out and ask if they’ve ever worked with a loan brokerage firm that they’d recommend. When assessing a small business loan broker, watch for any red flags.

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Learn What It Takes to Qualify for an Investment Property Loan

CreditStrong for Business

Credit Score and Credit History With any type of financing, investment property loans included, good credit can work to your advantage. When you have a good credit score, it makes it easier to qualify for loans and get competitive offers from multiple lenders.

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25 Ways You’re Killing Your Savings: STOP Making These Mistakes

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Your credit score is 579 or lower. In this case, additional credit is difficult to get at a reasonable interest rate as this is below the average. If you are experiencing [credit card] debt, you need to handle it urgently, possibly even delaying retirement contributions while you get your balances under control.

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Set Your Money on Autopilot: How to Save with Financial Automation

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Also, you’ll always be in good standing with your bills, protecting your credit score and preventing late fees. An IRA (individual retirement account) can be opened at a brokerage firm if you aren’t eligible for an employer plan. If your credit card information is stolen, you don’t have to worry.

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52-Week Money Challenge: A Year of Savings

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Financial cushioning can help you avoid debt or reliance on credit cards that can further strain your finances. You can improve your credit score by reducing your reliance on debt, such as credit cards or loans. Plus, keeping an eye on your credit score is another crucial financial habit.

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Steps to Take to Protect Yourself if you are a Victim of Identity Theft

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Your credit score is also at stake Not only are you left with debt, but the thief can also subsequently ruin your credit. Following are some aspects of a credit score that can be affected if a thief messes with credit lines in your name. Each hard inquiry will push your credit score down by a few points.

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Mortgage Refinancing: How Does It Work?

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Another downside is that your credit score will likely drop since you’re paying the total amount of the original mortgage. But be careful about multiple credit inquiries, affecting your credit score. Since it gauges how likely a borrower is to repay a loan, bad credit is a red flag to lenders.