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

tillful

NOVEMBER 8, 2022

For example, if your business gets approved for a $5,000 credit card, your credit limit would be $5,000. Once you hit that limit, you'll need to pay down the balance before you can use the card again. Credit score. A good credit utilization ratio is 30% or less. Current assets. Net income.

Credit Reporting Agencies 52

Credit Reporting Agencies Deductions Credit Scoring Credit and Collections 52

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

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 92

Small Businesses Credit Scoring Credit and Collections Credit Card Payments 92

Due

JULY 25, 2023

That makes it clear to the credit bureaus that your card is active and being used. If your card has no balance for a few months, it is seen as inactive by the scoring models. At that point, the will no longer help your credit scores. But you still must make a payment before it is due.

Credit Scoring 52

Credit Scoring Credit Card Payments Default Transactions 52

Fundera

JUNE 5, 2018

Personal liability means that you’re personally responsible for paying off your business credit card debt in case the primary payer—aka your business—can’t. That personal liability is why you’ll be prompted to fill in personal information, including your Social Security Number, on your business credit card application.

Credit Scoring 71

Credit Scoring Default Small Businesses Credit Card Payments 71

Fundera

JULY 30, 2018

But borrowing on a credit card also poses some risks, the biggest of which is exposure to your personal credit. Applying for too many cards or carrying high balances on your cards can hurt your personal credit score, which in turn can impact your ability to qualify for business financing in the future.

Credit Scoring 72

Credit Scoring Credit Card Companies Credit Card Payments Small Businesses 72

Fundera

JUNE 6, 2018

To truly understand the cost of your loan, you’ll need to look at its simple interest rate vs. APR —something you should definitely master before signing any contract.). That said, it’s entirely understandable why a borrower would want to avoid the additional cost of a down payment. See Your Business Loan Options. ?TL;DR:

Small Businesses 89

Small Businesses Default Credit Card Payments Credit Scoring 89

Fundera

MAY 22, 2019

When you’re beginning your small business, you may not pay a lot of mind to merchant services —aka how you’ll be processing payments. We’ll review not only the definition of an independent sales organization, but also its component parts including processors, associations versus associates, and more. Processing Credit Card Payments.

Credit Card Payments 40

Credit Card Payments Small Businesses Transactions Credit Scoring 40

Fundera

DECEMBER 15, 2018

Check out your bank balance, review your credit card payments, transfer money, and do just about anything you’d want to do with your bank accounts on the go. Credit Karma. You’re probably familiar with Credit Karma already, but did you know they had an app for you iPhone and Android wielders? Amex Mobile.

Small Businesses 67

Small Businesses Credit Card Payments Credit Scoring Transactions 67

Fundera

JANUARY 27, 2016

Credit Karma. You’re probably familiar with Credit Karma already, but did you know they had an app for you iPhone and Android wielders? Now you can check your credit score and credit card options on the go. You Need a Budget. The best finance apps aren’t just multifunctional—they’re also intuitive.

Small Businesses 76

Small Businesses Credit Card Payments Credit Scoring Transactions 76

Due

SEPTEMBER 4, 2023

This all-in-one platform offers an array of features, including budgeting, bill tracking, expense categorization, and credit score monitoring, making it an indispensable asset for individuals seeking a comprehensive solution to their money management needs. Square (payment processing) Rating: 4.5/5

Credit Scoring 52

Credit Scoring Transactions Dashboards Brokerages 52

Fundera

NOVEMBER 1, 2018

Your credit score might be a mess, you could have a lot of unpaid debt, and you don’t have a steady income stream. With merchant cash advances, you receive an advance of money that you pay back over time with a cut of your credit card sales. Work on Your Credit Score. How to Strengthen Your Loan Application.

Credit Scoring 45

Credit Scoring Credit Card Payments Small Businesses Default 45