Fundera

NOVEMBER 14, 2018

How Does Credit Work? Whenever you open a credit card or apply for a loan, credit bureaus collect information about your usage. That information appears on your credit report and is used to calculate a numeric credit score. It’s not just about achieving the perfect credit score.

Credit Scoring 57

Credit Scoring Credit and Collections Default Credit Card Companies 57

Due

JULY 14, 2023

There is no doubt that we have a credit card problem. A survey by GoBankRates found that 30% of Americans have debt up to $5,000 on their credit cards, 15% have debt that is over $5,000, and about 6% have debt that is over $10,000. In addition, 15% of Americans are in credit card debt for over 15 years.

Credit Scoring 52

Credit Scoring Credit Card Companies Credit and Collections Medical Billing 52

Fundera

OCTOBER 20, 2019

Get a handle on your personal and business credit scores. We’ll break down need-to-know accounting terms, how to handle your credit scores, how to apply for a business loan, and more—so that you’ll have all the information you need to manage your small business finances. Get a Business Credit Card.

Small Businesses 101

Small Businesses Credit Scoring Credit and Collections Default 101

Fundera

APRIL 5, 2018

When you stop and think about the power of business credit cards , it’s almost bizarre to realize how much a great card can really do for you. But, like we just mentioned, there’s that one tiny hurdle—the business credit card application. How to Prepare a Business Credit Card Application.

Credit Scoring 49

Credit Scoring Credit Card Companies Credit and Collections Small Businesses 49

Lendio

JULY 18, 2024

The latter includes debt that can directly and negatively impact a business owner’s credit score, or that costs money or potentially limits their ability to secure financing in the future. For example, let’s say you receive a credit card bill of $1,000 with a minimum monthly payment of $50. What is past due debt?

Credit Scoring 52

Credit Scoring Credit and Collections Bad Debt Credit Card Companies 52

CreditStrong for Business

OCTOBER 1, 2024

Jargon in the credit industry makes it difficult for many consumers to understand our credit system. As a result, nearly 40% of Americans report having no idea how their credit scores work 1. A tradeline refers to the open and closed accounts in your credit report. How Can You Add Primary Tradelines to Your Credit Report?

Credit Scoring 52

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

CreditStrong for Business

OCTOBER 24, 2024

After doing a credit check, most lenders will require that borrowers demonstrate a verifiable source of income. Those who lack any other source of income and have a poor credit history will typically have very limited and less desirable options. The likelihood of approval varies based on the lender and other financial circumstances.

Bankruptcy 52

Bankruptcy Credit Scoring Credit and Collections Credit Unions 52

Fundera

NOVEMBER 17, 2018

Get ready to learn about need-to-know accounting terms, managing your credit scores, applying for a business loan , and more so you can feel prepared for managing finances for a small business. Plus, QBO syncs with your bank accounts and credit card accounts so data is always up to date. Don’t max out your credit cards.

Small Businesses 75

Small Businesses Credit Scoring Credit and Collections Default 75

Fundera

NOVEMBER 17, 2018

Get ready to learn about need-to-know accounting terms, managing your credit scores, applying for a business loan , and more so you can feel prepared for managing finances for a small business. Plus, QBO syncs with your bank accounts and credit card accounts so data is always up to date. Don’t max out your credit cards.

Small Businesses 75

Small Businesses Credit Scoring Credit and Collections Default 75

Due

OCTOBER 23, 2023

trillion in debt , with an average household debt of $101,915 Additionally, the Federal Reserve Bank of New York reports Americans’ total credit card debt was $1.031 trillion in the second quarter of 2023. Get your credit card statements, car loan statements, and medical bills together. Put an end to borrowing.

Credit and Collections 52

Credit and Collections Credit Scoring Bankruptcy Credit Card Payments 52

Fundera

NOVEMBER 1, 2018

Prepaid debit cards became popular in the 1990s as credit card companies began to realize that many Americans could not qualify for a credit card or were defaulting on their balances. One of the most successful companies to use this prepaid model is Netspend.

Small Businesses 49

Small Businesses Credit Card Payments Credit Card Companies Credit and Collections 49