Fundera

APRIL 20, 2016

Bad news for all business owners: if you’re rejected for a loan because of a poor FICO Liquid Credit Score, the lender isn’t required to disclose that fact—so you might never be sure why you were turned down. How can you make sure that your FICO Liquid Credit Score is strong?

Credit Scoring 74

Credit Scoring Credit Reporting Agencies Credit Card Payments Small Businesses 74

Due

DECEMBER 1, 2022

You can also look for bills that will let you sign up for automatic monthly payments. Save on your credit card payments. Making credit card adjustments can be an easy way to improve your financial situation. That’s why it’s so important to carefully check your reports on a regular basis.

Credit Reporting Agencies 111

Credit Reporting Agencies Credit Card Payments 111

CreditStrong for Business

JULY 1, 2024

In general, if you’re borrowing money from a lender, the bills you receive from that lender do get reported to the credit bureaus: Experian, Equifax, and Transunion. That means things like car payments, credit card payments, student loan payments, and mortgage payments will all show up on your credit report.

Credit Scoring 52

Credit Scoring Credit and Collections Medical Billing Credit Reporting Agencies 52

Lendio

DECEMBER 12, 2022

Many alternative business lenders also offer their customers the opportunity to build business credit, just like traditional lenders. If you want to establish business credit, you should look for an alternative lender that reports to one or more of the business credit reporting agencies.

Small Businesses 98

Small Businesses Credit Scoring Credit and Collections Credit Reporting Agencies 98

tillful

NOVEMBER 8, 2022

Once you hit that limit, you'll need to pay down the balance before you can use the card again. Credit score. A credit score is a number that indicates the likelihood of a person or business to fulfill its financial obligations. Credit utilization ratio. A good credit utilization ratio is 30% or less. Net income.

Credit Reporting Agencies 52

Credit Reporting Agencies Deductions Credit Scoring Credit and Collections 52

CreditStrong for Business

MARCH 8, 2023

The three major credit bureaus, Equifax, Experian, and TransUnion, must record hard credit inquiries or “hard pulls” on consumer credit files for two years. A credit reporting company must maintain the inquiry (entry) as part of the credit history unless it was fraudulently conducted.

Credit Scoring 52

Credit Scoring Credit Card Companies Credit and Collections Credit Reporting Agencies 52

Due

OCTOBER 23, 2023

Also, if you pay your credit card bill regularly, your balance/utilization ratio may decrease. An individual’s credit utilization ratio indicates what percentage of their total available credit they are currently using. Round up your loan payments. The next time you pay, round up a couple of dollars.

Credit and Collections 52

Credit and Collections Credit Scoring Bankruptcy Credit Card Payments 52

Fundera

JANUARY 25, 2019

Here’s where people often get confused: FICO isn’t actually a credit reporting agency. Using the information found in credit reports from the three main U.S. Remember, the FICO algorithm’s goal is to predict your future behavior with any type of credit, not just one.

Credit Scoring 73

Credit Scoring Credit Reporting Agencies Credit and Collections Default 73

Fundera

SEPTEMBER 16, 2017

Here’s where people often get confused: FICO isn’t actually a credit reporting agency. Using the information found in credit reports from the three main U.S. Remember, the FICO algorithm’s goal is to predict your future behavior with any type of credit, not just one.

Credit Scoring 73

Credit Scoring Credit Reporting Agencies Credit and Collections Default 73

Fundera

JULY 28, 2016

Here’s where people often get confused: FICO isn’t actually a credit reporting agency. Remember, the FICO algorithm’s goal is to predict your future behavior with any type of credit, not just one. After all, if you miss a few car payments, the lender can take your car away.

Credit Scoring 75

Credit Scoring Credit Reporting Agencies Credit and Collections Default 75

Fundera

AUGUST 3, 2016

The main three credit reporting agencies—Experian, Equifax, and TransUnion—each have their own proprietary method of collecting information about borrowers, meaning they can gather slightly different information at different times. After all, if you miss a few car payments, the lender can take your car away!

Credit Scoring 73

Credit Scoring Credit and Collections Default Credit Reporting Agencies 73

Fundera

NOVEMBER 14, 2018

Instead, each borrower’s financial story is controlled by credit bureaus —the agencies that collect information about individual credit reports and summarize it on behalf of lenders. In general, borrowers are much more likely to be late on a credit card payment than they are on a mortgage or car payment.

Credit Scoring 57

Credit Scoring Credit and Collections Default Credit Card Companies 57

tillful

MARCH 15, 2023

For example, the credit reporting agency, Dun & Bradstreet , created an extension of the SIC system and uses it to define its customer’s business types. NAICS codes, on the other hand, are the standard used by federal agencies like the IRS. The NAICS goes beyond the four digits of the SIC system, with six digits.

Credit and Collections 52

Credit and Collections Credit Scoring Credit Reporting Agencies Credit Card Payments 52