Fundera

APRIL 12, 2016

Your credit score is a three-digit number that gives potential lenders an idea of how likely it is that you’ll be able to pay off debt. The higher, the better: most credit score ranges begin at 300 and increase until 850. If you have a score of 850, you get a million gold stars and the best possible loan options.

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Fundera

DECEMBER 12, 2018

Credit scores have become a huge part of our lives. There’s no question a good credit score is crucial for so many varying parts of our lives, but the questions stands—what is a good credit score? What is the score you need to get the best credit card, mortgage, business loan , auto loan, etc.,

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Fundera

JULY 12, 2016

While there’s some debate in American politics over whether or not “corporations are people,” it is true that businesses have credit scores and can receive credit reports the same way individuals do. What is a Business Credit Score? Competitors, for example, can do their research and see your credit score.).

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Fundera

SEPTEMBER 1, 2017

While there’s some debate in American politics over whether or not “corporations are people,” it is true that businesses have credit scores and can receive credit reports the same way individuals do. What is a Business Credit Score? Competitors, for example, can do their research and see your credit score.).

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CreditStrong for Business

OCTOBER 4, 2024

Step 1: Credit Review A lender will likely review your credit history and credit score when you apply for financing. Whether you want a business credit card, small business administration (SBA) loan, business line of credit, commercial auto loan, or something else, a credit check is likely to happen.

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CreditStrong for Business

SEPTEMBER 4, 2024

The trade-off for having your debt eliminated is a long-lasting derogatory mark on your credit report identifying you as a huge credit risk. Your credit report sees the effects of a bankruptcy filing for ten years for a chapter 7 bankruptcy. With a chapter 13 bankruptcy, your credit is affected for seven years.

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CreditStrong for Business

OCTOBER 24, 2024

However, in 2009 legislators passed the Credit Card Accountability Responsibility and Disclosure Act of 2009 (Credit CARD Act), which might make qualifying more challenging. One provision of the Credit CARD Act requires that issuers of cards assess an applicant’s capability of repaying any debt incurred.

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CreditStrong for Business

AUGUST 16, 2024

Maintaining a strong business credit score is a long-term process. Yet when you’re first getting started, it may be possible to establish business credit quickly. You might be able to build business credit in 30 days or less with some business credit bureaus. You can register for a DUNS Number online at dnb.com.

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Fundera

APRIL 7, 2016

Learn why good personal credit is so important to future business credit—and how to polish yours. Why Business Lenders Look at Your Personal Credit Score. Lenders make their underwriting decisions based on the risk of a borrower not paying back the money received. Review Your Credit Report.

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Lendio

FEBRUARY 27, 2024

Assuming you are one of the 191 million Americans who have at least one credit card, you can probably understand business credit cards—they are credit cards created for businesses. Going a little deeper, a credit card is more than just a plastic rectangle.

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Lendio

MAY 28, 2024

Understanding how credit scores are calculated can sometimes feel like unraveling a complex puzzle. However, breaking down the key components gives a clearer picture of how these scores are derived and what they signify. What is a credit score? A credit score is a numerical representation of your creditworthiness.

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Fundera

APRIL 5, 2018

That said, you can be pretty certain that the card issuer will consider this criteria really carefully when you apply for your business credit card. Credit card companies want to know that you’ll spend responsibly, and that your revenue can handle monthly credit card payments.

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