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13 Surprising Factors That Affect Your Credit Score (and Why Small Business Owners Should Care)

Fundera

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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Top 5 Scores Posts of 2022: Steady FICO Score, BNPL and Alternative Data

FICO Blog

Home Blog FICO Top 5 Scores Posts of 2022: Steady FICO Score, BNPL and Alternative Data 2022 marked the first year in over a decade the average FICO Score did not increase, while the industry’s attention remained on topics such as alternative data and BNPL. FICO® Score XD 2 allows for exactly that.

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How Do You Learn Money: 35 Financial Literacy Terms You Should Know

Due

Credit Score Based on your credit history, this is a number that lenders use to evaluate the risk of lending you money. Maintaining a good credit score means paying your bills on time and keeping your credit card balances low.

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State of Small Business Lending: Industry Spotlight (Q1 2019)

Fundera

Business owners’ personal credit scores for the quarter averaged 663. The average Equifax business credit score was 429. For each industry, we looked at average funding amount, annual revenue, profit, credit scores, and number of employees. Credit scores matter—both personal and business.