Fundera

MAY 11, 2016

And while your scores may differ slightly among the three major credit reporting agencies—Transunion, Equifax, and Experian—a good score at one usually means you’ll have a good score at all three, unless there’s a serious reporting error. With a 700 Credit Score, You Can… Qualify For an SBA Loan.

Credit Scoring 72

Credit Scoring Small Businesses Credit Reporting Agencies Credit Unions 72

Fundera

AUGUST 30, 2018

Your personal credit score is much more than a number. A good personal credit score is key to qualifying for business loans and business credit cards and to receiving favorable rates on those products. You’ll also get some actionable tips to improve your score to 700 or higher.

Credit Scoring 74

Credit Scoring Small Businesses Insurance Companies Credit Reporting Agencies 74

CreditStrong for Business

AUGUST 27, 2024

You and your spouse will continue to have your own separate credit reports and credit scores, but their credit rating can still impact your finances. Credit and finances aren’t the most romantic topics to be concerned with during wedding plans, but they are necessary grounds to cover.

Credit Scoring 52

Credit Scoring Credit Management 52

CreditStrong for Business

MARCH 24, 2023

Conventional mortgage loans typically require higher credit scores than government-backed loans, but there are also many advantages to going with conventional mortgages. What is the Required Minimum Credit Score for a Conventional Loan? How Can Credit Scores Affect Mortgage Interest Rates?

Credit Scoring 59

Credit Scoring Credit and Collections Credit Unions Default 59

CreditStrong for Business

AUGUST 16, 2024

The 800 credit score club. If that’s your next goal, you’re probably wondering, “What can I do with a credit score of 850?” So let’s check out the perks for 850 scores. 850 Credit Score Benefits Making it to an 800 credit score, let alone an 850, is quite the undertaking.

Credit Scoring 52

Credit Scoring Default Credit Management 52

Your Virtual Credit Manager

JANUARY 23, 2024

The experts at Your Virtual Credit Manager are ready to help you improve cash flow and reduce AR risks during these challenging times. Consequently, the credit manager was able to purchase credit insurance on his customer, and was therefore able to continue approving credit sales, within limits, to the chain store customer.

Credit Application 130

Credit Application Bad Debt Bankruptcy Credit Scoring 130

Your Virtual Credit Manager

DECEMBER 27, 2022

Because creditworthiness is complex, credit grantors consider a variety of factors when making credit decisions, including: Financial history: A business's credit and financial history, including their payment record and credit score, is an important factor in determining creditworthiness.

Credit Scoring 130

Credit Scoring Credit and Collections Accounts Receivable (AR) Credit Application 130

The Red Spectrum

APRIL 17, 2023

Credit Limit vs Credit Score. When assisting individuals in managing their credit, we often want them to know. To effectively manage one’s credit, it is crucial first to comprehend the distinction between a credit score and a credit limit.

Credit Scoring 52

Credit Scoring Credit Risk Credit Management 52

Your Virtual Credit Manager

JUNE 25, 2024

Declining Customer Credit Scores A good way to monitor the quality of your AR portfolio is to periodically (e.g., usually quarterly, semi-annually or annually) purchase or generate a credit score for each customer. Do you need help managing credit and collections?

Bad Debt 130

Bad Debt Credit and Collections DSO Days Sales Outstanding 130

The Red Spectrum

MAY 12, 2023

A high maintenance and improving strong credit score in today’s competitive business environment. Prioritizing credit monitoring and management as part of their overall financial management strategy is especially important for small business owners. Scores for individual credit range from 300 to 850.

Credit Scoring 98

Credit Scoring Small Businesses Credit Management 98

Gaviti

FEBRUARY 4, 2025

Run a Consistent and Robust Credit Process Credit management is the foundation of effective AR. A standardized and scalable credit process ensures you balance risk with reward. Best practices include: Conducting thorough credit checks and your own internal review before onboarding new customers.

Average Days Delinquent 59

Average Days Delinquent Credit and Collections AR Metrics DSO 59

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. Dun & Bradstreet PAYDEX.

Credit Scoring 40

Credit Scoring Credit and Collections Credit Reporting Agencies Bankruptcy 40

Your Virtual Credit Manager

OCTOBER 18, 2022

Share Adapt to the Situation Here’s some guidelines that will help you have an efficient credit review process for all new accounts: Small Credit Limit Required: In most cases, a satisfactory commercial credit score will suffice.

Sales Tax Exemptions 130

Sales Tax Exemptions Credit and Collections Online Credit Application Credit Application 130

Your Virtual Credit Manager

MARCH 28, 2023

Using objective criteria, it is relatively easy to determine which companies are worthy of open credit terms and which are not. There is a challenge, however, with the 20 to 30 percent of credit decisions that fall in between. All you are looking for is a satisfactory score. Need help setting credit policies and procedures?

Credit Scoring 130

Credit Scoring Credit Application Bad Debt Credit Risk 130

The Red Spectrum

MAY 18, 2023

This blog will explore when credit card payments report to credit bureaus , the factors influencing reporting timelines, and the importance of timely payments for maintaining a good credit score. What Are Credit Bureaus? Before diving into the details, let’s first understand what credit bureaus are.

Credit Card Payments 91

Credit Card Payments Credit Scoring Credit Reporting Agencies Credit and Collections 91

Gaviti

OCTOBER 23, 2023

One possibility is by running a business credit score and report on new customers. What is a Business Credit Score and Report? A business credit score is a rating whose goal is to demonstrate how financially responsible a business is as well as its potential for profitability.

Credit Scoring 97

Credit Scoring Credit and Collections Credit Application Bankruptcy 97

Eagle Business Credit

AUGUST 23, 2023

For small business owners seeking funding options, new entrepreneurs embarking on their journey, and even those grappling with poor business credit, understanding the significance of a business credit score is a fundamental step towards securing financial stability and growth. What Is a Business Credit Score ?

Credit Scoring 40

Credit Scoring Credit Reporting Agencies Bankruptcy Small Businesses 40

Emagia

MARCH 15, 2024

How AI Empowers Real-time Credit Risk Management Up-to-date and quality data is crucial for precise and swifter credit decisions. Companies source data from credit agencies for more accurate credit scoring and robust risk classification, and use them along with customer credit data.

Credit Risk 52

Credit Risk Default Credit Management Credit and Collections 52

Emagia

MARCH 15, 2024

How AI Empowers Real-time Credit Risk Management Up-to-date and quality data is crucial for precise and swifter credit decisions. Companies source data from credit agencies for more accurate credit scoring and robust risk classification, and use them along with customer credit data.

Credit Risk 52

Credit Risk Default Credit Management Credit and Collections 52

Your Virtual Credit Manager

OCTOBER 17, 2023

To avoid unacceptably large credit losses, a system of credit controls and procedures must be implemented. The experts at Your Virtual Credit Manager are ready to help you improve cash flow and reduce AR risks during these challenging times. What do you need help doing?

Bad Debt 130

Bad Debt Credit and Collections Credit Risk Accounts Receivable (AR) 130

Your Virtual Credit Manager

JANUARY 9, 2024

Then last week we looked at credit hold best practices. From a credit management perspective, these are largely reactive topics. In fact, once you decide to sell a customer on open credit, most of the accounts receivable (AR) management tasks that follow have a reactive component. There is nothing wrong with that.

Credit and Collections 130

Credit and Collections AR Aging Accounts Receivable (AR) Deductions 130

The Red Spectrum

APRIL 12, 2023

Better Credit Management: By offering net 30 payment terms, businesses can better manage their credit as they can delay payment for up to 30 days without negatively impacting their credit score. Q: What factors should businesses consider before negotiating payment terms?

Credit Scoring 98

Credit Scoring Credit and Collections Credit Risk Credit Management 98

Your Virtual Credit Manager

SEPTEMBER 12, 2023

Poor Credit Management' We’ve already talked about how poor credit decisions can impact sales and collections. In small companies, this may occur due to a lack of credit analysis skills. Here’s more on credit evaluations. Credit management, however, doesn’t stop with the initial customer analysis.

Credit and Collections 130

Credit and Collections Bad Debt Accounts Receivable (AR) Deductions 130

Prosper

JANUARY 13, 2023

Credit Bureaus and Credit Scores. Through your credit file and credit score. There are three credit bureaus in the United States: Experian, Equifax, and TransUnion. Credit Scores. The most commonly known one is the Fair Isaac Corporation, or FICO ® score.

Credit Scoring 98

Credit Scoring Credit and Collections Bankruptcy Nonprofit Organizations 98

Emagia

FEBRUARY 21, 2025

Its AI-driven analytics provide predictive insights, allowing businesses to optimize cash flow management and minimize overdue payments. It automates invoicing, credit management, and dispute resolution for maximum efficiency.

Accounts Receivable (AR) 40

Accounts Receivable (AR) AR Automation Credit and Collections Cash Forecasting 40

Credit Management Group UK

SEPTEMBER 13, 2023

Effective credit management covers the entire Order to Cash, not just collection activity as many wrongly assume. You should then monitor the customer so you receive alerts when there are any changes in their credit score or circumstances.

Order to Cash 90

Order to Cash Credit and Collections Credit Scoring Credit Management 90

Credit Management Group UK

SEPTEMBER 26, 2023

Our support service can provide you with the credit risk reports as well as advice on how to interpret them in regards to trading with a customer. The post What to Look Out for When Credit Checking Customers appeared first on Credit Management Group UK. Sign up today!

Credit Scoring 90

Credit Scoring Bad Debt Credit Risk Credit Management 90

Know-It Global

APRIL 13, 2023

Here’s what you should be doing as of now to improve your credit control process: Credit check each of your customers whenever they place a new order Running a business credit check is so important if you want to make more informed credit decisions.

Credit and Collections 97

Credit and Collections Days Sales Outstanding Credit Scoring DSO 97

Your Virtual Credit Manager

AUGUST 27, 2024

In such an ideal scenario, every customer would have both the ability and the integrity to pay their bills in full and on time, eliminating any need for a credit management. Do you need help assessing customer credit risks? But reality matches to a different tune. It’s more informative to track how risks evolve over time.

Accounts Receivable (AR) 100

Accounts Receivable (AR) Default Credit and Collections Cybersecurity 100

The Red Spectrum

JUNE 5, 2023

In the competitive landscape of today’s business world, establishing and maintaining a solid credit profile is crucial for long-term success. One effective strategy to improve your business credit is through the strategic use of business tradelines.

Credit Scoring 71

Credit Scoring Credit and Collections Credit Management 71

Credit Management Group UK

MARCH 4, 2024

Monitoring As a Credit Agency Status Report does not indicate the future credit score of a customer, ongoing monitoring is essential to monitor risk with a customer. Be aware, however, that the Report is only a snapshot of that particular moment, there is always a possibility that this could change.

Credit Risk 97

Credit Risk Bad Debt Credit and Collections Credit Application 97

Your Virtual Credit Manager

JULY 18, 2023

Industry Credit Group Recommendations will tell you if your peers are being paid promptly, the amount of open credit they’ve extended, as well as other trading relationship insights, including derogatory events. If you can’t justify a small credit limit, make them pay by credit card or in advance.

Credit and Collections 130

Credit and Collections Credit Scoring Credit Management Credit Application 130

Know-It Global

JULY 26, 2023

Check-it business credit reports are powered by Creditsafe! You’ll clearly see: Credit rating Credit score Credit limit Company financials Track record of recent payments and any defaults CCJs Exceptional Events Plus, you’ll also have access to Unsecured Creditor Claims data, information not included in standard business credit reports.

Electronic Funds Transfer 98

Electronic Funds Transfer Credit and Collections Debt Collections Bad Debt 98

Know-It Global

JUNE 20, 2023

This guide provides a comprehensive overview of credit control practices and strategies that your business can implement to mitigate credit risk, reduce debtor days and boost cashflow! Setting Up Credit Control Processes 1.1 This is where business credit checking comes into play.

Bad Debt 19

Bad Debt Credit and Collections Debt Collections Credit Risk 19

MNS Credit Management Group

AUGUST 7, 2023

A company that does not have a sufficient corporate credit score may struggle to obtain crucial loans. What is a company credit score? A business credit score is a credit rating that indicates how likely a company is to repay its loans on schedule and without default.

Credit Scoring 52

Credit Scoring Credit Risk Credit and Collections Bad Debt 52

MNS Credit Management Group

MAY 20, 2022

The company’s creditworthiness is assessed in the Credit Opinion Report, which includes three elements: the MNS Business Information Report Rating, the probability of insolvency, and the recommended credit limit. What Distinguishes Mns Credit Management Group’s Credit Score From That Of Other Credit Bureaus?

Credit Scoring 52

Credit Scoring Credit Application Default Credit Management 52

Your Virtual Credit Manager

MARCH 19, 2024

To continue reading and learn about eleven events or circumstances that should trigger a collection response, in addition to when a customer goes past due, you need to be a paid subscriber to Your Virtual Credit Manager. The experts at Your Virtual Credit Manager can help you bring in the cash.

Bulk Transfer 100

Bulk Transfer Credit and Collections Bankruptcy Third Party Collections 100