CreditStrong for Business

OCTOBER 30, 2024

If you only missed one credit card payment a few years ago, it’s likely that something else contributed to your application denial. That makes it the second most significant credit scoring factor after your payment history and almost as impactful. There’s no universal income necessary for a credit card account.

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CreditStrong for Business

JULY 1, 2024

As a result, lenders give less credence to good behavior on the card, knowing that it’s not necessarily the work of the authorized user. Which Credit Card Companies Report Authorized Users? Becoming an authorized user can be a great way to build credit, but only if the card issuer reports your connection to the account.

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Due

JULY 14, 2023

In addition, 15% of Americans are in credit card debt for over 15 years. Also, nearly half of all Americans have added more credit card debt since March 2020. Even more troubling, 57% of Americans have missed one or more credit card payments — which results in late fees and damages your credit score.

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Fundera

SEPTEMBER 13, 2016

When you take out an unsecured business credit card, you don’t have to put down a deposit as collateral for the card in case you can’t pay off your debt. Giving out unsecured credit is a riskier deal for credit card companies, so they only approve cardholders with the best personal credit scores.

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Fundera

SEPTEMBER 13, 2016

When you take out an unsecured business credit card, you don’t have to put down a deposit as collateral for the card in case you can’t pay off your debt. Giving out unsecured credit is a riskier deal for credit card companies, so they only approve cardholders with the best personal credit scores.

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CreditStrong for Business

AUGUST 15, 2024

If you signed up for an EIN and tried to apply for a business credit card with it, any existing personal debts would unquestionably impact your ability to make your future business credit card payments. Corporate Gas Card Corporate gas cards are similar to corporate business cards in many ways.

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Due

OCTOBER 23, 2023

For example, if you have a $73 credit card payment, add $7 to make it an even $80. Keep making payments on your debts in the meantime, and you will soon see a difference. Also, don’t get upset if a company says “no.” Interest rates and fees are typically higher when payments are late.

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