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13 Surprising Factors That Affect Your Credit Score (and Why Small Business Owners Should Care)

Fundera

When a credit bureau computes your credit score, their job is to produce a number that estimates—given your past and current financial history—how likely you are to default on future debts. There are five notable components of a personal credit score. There are five notable components of a personal credit score.

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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. It is possible to ruin your finances without insurance if you do not have enough cash to cover a large medical bill, car accident, house fire, or theft.

article thumbnail

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

Due

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. It is possible to ruin your finances without insurance if you do not have enough cash to cover a large medical bill, car accident, house fire, or theft.