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What Is the SBFE? 

CreditStrong for Business

Business credit reports that contain data from the SBFE might make or break your future business credit applications. The Small Business Financial Exchange (SBFE) is a trade association that allows lenders and others to share credit information about their customers. appeared first on Credit Strong.

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How Do Tradelines Work?

CreditStrong for Business

The tradelines on your credit report (and how you use them) all feed into the calculation of your credit score. Think of it like a report card where each tradeline is a different subject you’re being graded on. It starts when you complete a credit application through a lender.

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When do Credit Card Payments Report to Credit Bureaus?

The Red Spectrum

This blog will explore when credit card payments report to credit bureaus , the factors influencing reporting timelines, and the importance of timely payments for maintaining a good credit score. What Are Credit Bureaus? Before diving into the details, let’s first understand what credit bureaus are.

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How To Minimize Bad Debt For Small Business

Eastern Credit Management Services

You can do this quite effectively by having a detailed credit application, I’m so much of a proponent of this that I wrote a whole blog dedicated to creating one. A detailed credit application does two things, it informs your customer of the terms and conditions of the credit you extend.