CreditStrong for Business

JULY 5, 2022

Payment history is the most important factor in calculating your FICO® credit score. Your payment history accounts for over a third of your overall FICO credit score, comprising 35% of the impact of all FICO credit score factors. Read more about the factors that impact your credit score.

Credit Scoring 52

Credit Scoring Credit Card Payments Credit and Collections Deductions 52

CreditStrong for Business

NOVEMBER 7, 2024

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. Pros and Cons of Revolving Credit Pros Revolving credit accounts allow borrowers tremendous purchasing flexibility.

Automobile Dealerships 40

Automobile Dealerships Credit Scoring Credit and Collections Credit Card Payments 40

Fundera

OCTOBER 29, 2015

A merchant cash advance is a lump sum payment of liquid capital offered to a business in exchange for a percentage of the company’s future sales. In addition to other business loans, this may include rent payments on your retail or office space, or a business credit card payment. Personal Credit Score.

AR Aging 99

AR Aging Credit Scoring Small Businesses Credit Card Payments 99

CreditStrong for Business

SEPTEMBER 12, 2024

Late payments can happen to the best of us, whether it’s due to a job loss, financial crisis, or a financial emergency. Unfortunately, regardless of the reason, they will affect your credit score. Still, you may be wondering—how long do late payments stay on your credit report? on the due date are deemed as late.

Credit Scoring 52

Credit Scoring Credit Card Payments Credit and Collections Bankruptcy 52

Fundera

FEBRUARY 28, 2017

You need to be prepared to pay off what you spend on a credit card each month without being reminded to do so—otherwise, you’ll incur interest payments, late fees, and take hits to your credit score. And along those lines, do you fully understand how your credit card and credit score relate?

Credit Scoring 75

Credit Scoring Credit Card Payments Credit Card Companies Deductions 75

Fundera

SEPTEMBER 13, 2016

We’re talking about that 3-digit, all-important number when it comes to borrowing money: your credit score. Just like any traditional bank, Chase will consider your personal and business credit score closely. You’ll also have to pay an annual fee to have a line of credit with Chase. Chase cares about the numbers.

Small Businesses 104

Small Businesses Credit Scoring Credit and Collections Credit Card Payments 104

CreditStrong for Business

MARCH 10, 2023

Late payments remain on your credit bureau report and influence your credit score for seven years. Entries showing late payments remain for the duration, regardless of whether you pay the past due amount or not. Bankruptcy is an exception that may remain on your credit bureau report for up to 10 years.

Credit Scoring 52

Credit Scoring Credit Card Payments Bankruptcy Chapter 7 52