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Gleaning Actionable Insights from Credit Scores

Your Virtual Credit Manager

Commercial credit scores predict the likelihood of a business fulfilling its financial obligations, particularly regarding debt repayment and trade credit. Commercial credit scores are often not as well understood as consumer credit scores such as FICO.

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UCC Filings and Your Business Credit Scores

CreditStrong for Business

The UCC-1 allows a creditor to formally and publicly declare its rights to an asset in the event that the borrower that used the asset to secure a loan ultimately defaults on that debt. More relevant is how a UCC filing impacts your ability to obtain credit. What Does a UCC-1 Mean?

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How to Get an 850 Credit Score

CreditStrong for Business

A perfect credit score is more than just a badge of honor. While only a small percentage of Americans have the 850 credit score, it is not a target out of reach for the average person. Is it Possible to Get an 850 Credit Score? of credit-holding Americans had the perfect FICO® score of 850.

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Understanding Your Business Credit Score Range

Lendio

A personal credit score determines the level of risk that comes with lending to you. You use it to apply for credit cards and other financing options to cover major purchases. Like personal credit , business credit takes time to build. What is a business credit score? Business credit score benefits.

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What is a Good Equifax Business Credit Score?

CreditStrong for Business

Equifax’s three primary business credit scores are their Credit Risk Score, Payment Index Score, and Business Failure Score. You can typically call your scores in each of these models good if they’re above 556 , 90 , and 1,315 , respectively. The lower the score, the higher the risk.

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How Soon Will My Credit Score Improve After Bankruptcy?

CreditStrong for Business

Filing for bankruptcy sets your credit score back significantly, but you can usually begin to recover within a few months and make meaningful progress within a year. Within two years, your credit score could be even better than before you filed. However, the road to recovery is long, and there are no guarantees.

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Why Did My Credit Score Go Down When Nothing Changed?

CreditStrong for Business

In many cases, a consumer who has seemingly been managing their finances responsibly will notice an unexpected credit score drop. This negative credit score fluctuation is particularly troubling for those concerned with maintaining good credit for an upcoming home or auto loan. 8 Reasons Why a Credit Score Drops 1.