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Mastering the Credit Application Process: A Comprehensive Checklist Template

Emagia

This comprehensive guide provides a detailed checklist template to streamline your credit application journey, ensuring all critical aspects are addressed for a successful outcome. Facilitates Evaluation: Provides lenders with a clear and organized presentation of your financial standing. personal loan, business expansion).

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Does Increasing Your Credit Limit Affect Your Credit Score—A Beginners’ Guide

CreditStrong for Business

Does increasing the credit limit affect the credit score ? The answer typically depends on many factors, including how high or low your credit utilization is and what happens after you request a raise. Knowing when to do so and if you should raise your credit limit is also important to avoid damaging your credit score.

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17 Ways to Help Your Business Credit Application

Fundera

To grow or expand your business, you need to have a source of extra cash… And for many businesses that means filling out a business credit application. The better you can describe your business and your need for a loan, the stronger your business credit application will be. Tell a story.

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Demystifying Customer Credit-Worthiness

Your Virtual Credit Manager

Volumes have been written about the criteria you should use to make a credit decision. The rigor with which this information is often presented belies the fact most business credit decisions are not that difficult. There is a challenge, however, with the 20 to 30 percent of credit decisions that fall in between.

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FICO SBSS: Behind the Score the SBA Uses

tillful

Have you heard about the FICO Small Business Scoring Service (SBSS)? Like most business credit scores, the SBSS helps lenders and service providers understand the level of credit risk that businesses present. Here’s a closer look at FICO SBSS scores, why they matter, and how you can improve yours.

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Revolving Credit vs Installment Credit

CreditStrong for Business

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.

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Online Credit Reports & How They Are Tracking Everything You Do

Due

Often referred to as credit reporting agencies, these companies work independently. Credit Reports vs. Credit Scores. Your credit scores are also influenced by your credit reports. The reason for this is that credit scores are calculated using information from your credit report.