CreditStrong for Business

JULY 19, 2024

Business credit cards have perks that consumer credit cards don’t have. This list features top business credit cards for low credit scores that let you apply online and get almost instant approval results. Applying won’t even affect your credit score negatively.

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CreditStrong for Business

AUGUST 20, 2024

You’ve worked hard at building your credit and you now have a good credit score that can be used for applying and getting approved for the credit card you’ve always wanted. But a few weeks after you activate and begin using the new card, you may notice that your credit score takes a dip.

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CreditStrong for Business

NOVEMBER 7, 2024

There are so many types of credit cards and welcome bonuses that it could make anyone’s head swim! We’ll go over each credit card type so you can identify which type of cards and rewards are best for you. We’ll even include the credit score you’ll need to aim for with each one.

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CreditStrong for Business

AUGUST 2, 2024

In many cases, a consumer who has seemingly been managing their finances responsibly will notice an unexpected credit score drop. This negative credit score fluctuation is particularly troubling for those concerned with maintaining good credit for an upcoming home or auto loan. 8 Reasons Why a Credit Score Drops 1.

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CreditStrong for Business

JULY 24, 2024

It can be nail-biting to wait for your credit score to update after paying off debt. Especially if that bump in your score is helping you get approved for a new car loan, mortgage, or revolving credit account. In some cases, it can take up to two months for your credit score to reflect the payoff.

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CreditStrong for Business

AUGUST 9, 2024

A good credit score is the key to unlocking many doors in personal finance. You’ll need a good credit score to access the best credit card accounts, get an affordable car loan, and become a homeowner. of Americans have a subprime credit score. of Americans have a subprime credit score.

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CreditStrong for Business

AUGUST 9, 2024

However, using them means taking on credit card debt, and how you pay it off significantly impacts your credit score. Let’s explore the various approaches to repaying your card balances and determine the best way to improve your credit score. Does Paying Slowly Help Your Credit?

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CreditStrong for Business

MARCH 23, 2023

Many aspects of the credit scoring system in the United States have remained virtually unchanged since the start of the 1990s, but it’s still a source of confusion for many Americans. In fact, roughly 40% of consumers report having no idea how credit scores work. What Is a Credit Score?

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CreditStrong for Business

MARCH 9, 2023

When making improvements to your credit score, watching for any small movements can be anxiety-inducing. Credit score updates can happen on a daily basis. However, most people won’t notice it change that often because many credit monitoring tools only update credit scores once per month.

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Fundera

JULY 15, 2018

So, in a credit-based economy, if your credit score isn’t strong, you’ll find it hard to qualify for financial products or will have to pay more. If that sounds grim, there’s good news, too: Fortunately, you have a lot of control over your credit score. First: How Credit Scores Are Calculated.

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CreditStrong for Business

MARCH 13, 2023

A good credit score is the key to unlocking many doors in personal finance. You’ll need a good credit score to access the best credit card accounts, get an affordable car loan, and become a homeowner. of Americans have a subprime credit score. of Americans have a subprime credit score.

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Fundera

NOVEMBER 9, 2017

Business credit scores are vital to a business’s health and success. If you own a business and have any sort of open credit, then you certainly have a corresponding credit score. What’s a Business Credit Score? A business credit score is similar to a personal credit score.

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CommandCredit

OCTOBER 11, 2021

A good business credit score can help you get financing more easily. It can help if you need to take out a business loan or establish credit with another company. At Command Credit, we make it easy to check your business credit score or those of your customers and suppliers.

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Credibly

FEBRUARY 23, 2023

Table of Contents Why Should I Get My Credit Score? What is My Business Credit Score? What is a Business Credit Report? What is a Business Credit Bureau? How Do I Check My Business Credit Score? Just as each person has a unique credit score, each business also has its own credit score.

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Fundera

SEPTEMBER 18, 2018

When a credit bureau computes your credit score, their job is to produce a number that estimates—given your past and current financial history—how likely you are to default on future debts. There are five notable components of a personal credit score. There are five notable components of a personal credit score.

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CreditStrong for Business

SEPTEMBER 27, 2024

Tradelines are any credit accounts that show on your credit report. These include personal loans, auto loans, credit cards, mortgages, and more. Adding tradelines to your credit history could create a credit score increase of 20 to 100 points. This raises your credit scores. No big deal.

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CreditStrong for Business

NOVEMBER 7, 2024

Revolving utilization is a big part of your credit score: 30% to be exact. There are certain accounts on your credit report that contribute to it while others don’t. There are also ways you can reduce your utilization rate and improve your credit score. It’s also the second largest factor in your credit.

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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. Too Much Outstanding Debt How much debt you owe is worth 30% of your FICO score. That makes it the second most significant credit scoring factor after your payment history and almost as impactful.

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Fundera

APRIL 22, 2016

If you think your personal credit score and your business credit score are two completely different things, you’re right—mostly. But that doesn’t mean you can afford to ignore your personal credit score and expect to get business financing when you need it. Business Loans, Meet Personal Credit.

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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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CreditStrong for Business

NOVEMBER 7, 2024

Prospective homebuyers seeking a mortgage loan may use several strategies for improving low credit scores. Examples include reviewing credit bureau reports for possible credit account errors, avoiding late payments, paying down debt, and getting a credit builder loan.

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CreditStrong for Business

OCTOBER 15, 2024

For people that manage their credit cards well, adding an authorized user to their account can help build the authorized user’s credit significantly. A credit score is essentially the numerical output of a proprietary formula. If you or the authorized user misuses the card, both of your credit scores can suffer.

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Due

MARCH 26, 2024

Credit cards can be a highly convenient tool for facilitating daily transactions and managing personal expenses. They can also earn financial rewards, get free credit scores , secure payments from fraud, and get valuable benefits like purchase and price protection. Therefore, they are okay with your minimum payments.

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CreditStrong for Business

SEPTEMBER 12, 2024

While the presence of hard inquiries on your credit report can significantly impact your overall creditworthiness, applying for credit or loan-related services will inevitably lead to a hard inquiry being recorded. But how long do hard inquiries stay on your credit report?

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CreditStrong for Business

JULY 1, 2024

As long as you and the added user manage the account responsibly, it can provide a quick, easy, and significant boost to their credit score. How Much Will My Credit Score Go Up if I Become an Authorized User? Unfortunately, it’s impossible to predict how much your credit score will go up if you become an authorized user.

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CreditStrong for Business

OCTOBER 8, 2024

The collector will report a collection account, which can then do serious damage to your credit. What Bills Affect My Credit Score? Only payments that are reported to the three major credit bureaus will affect your credit. There are ways to place some payments on your credit report.

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CreditStrong for Business

OCTOBER 3, 2024

When you’re focused on improving your credit, you’re always keeping tabs on the personal tradelines being added and removed from your credit report. If you’ve recently added a new tradeline with the hopes of increasing your credit score, you’re probably wondering when it will start showing.

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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

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

MARCH 26, 2018

And among those fluctuating factors might be a minimum credit score for loan eligibility. But for the vast majority of small business loans , the lender will at least look at your credit score. With that in mind, it’s worth looking at the minimum credit scores required for each loan type—or at least the ranges they’re in.

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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 3, 2024

Your credit report shows a list of accounts that you’re responsible for. To credit industry workers, these are known as tradelines. The tradelines you keep and how you use them help determine your credit score, so it’s important to know how these work when you want to move your score to the next level.

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CreditStrong for Business

JULY 1, 2024

A tradeline is simply any credit account that’s open in your name. It could be a mortgage, credit card, or loan. Put the two together, and you get a tool with the potential to help you boost your credit score with minimal effort. Authorized user tradelines are accounts that build credit.

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Fundera

NOVEMBER 21, 2017

As you might know, your business credit score is very important to your business’ financial health. A change in credit score could alter the course of your business for the foreseeable future—but how often does that happen? What is a business credit score? A variety of factors contribute to this score.

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CreditStrong for Business

OCTOBER 30, 2024

The rapid rescore process is a service most commonly purchased by a mortgage lender when a prospective homebuyer’s credit score needs a slight improvement for either qualifying for a mortgage loan or securing a more favorable interest rate. Your FICO score is a three-digit number that represents your overall creditworthiness.

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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. Having an authorized user tradeline in your credit report means someone else opened an account and added you to it as a user.

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CreditStrong for Business

OCTOBER 8, 2024

Building credit is an important part of your financial life. Your credit score determines the loans and credit cards you can qualify for and the interest rates of the loans you can get. What Bills Help Build Credit? In general, lenders will report your payment activity to the credit bureaus.

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