Mon.Jul 01, 2024

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Learn How To Master Customer Segments [5 Best Practice]

Grit

Customer segmentation is a powerful tool that can significantly enhance business outcomes. According to Bain & Company, businesses that successfully tailor their offerings to specific segments can benefit from a 10% higher annual profit growth. Customer segments involve dividing a customer base into distinct groups of individuals who share similar characteristics.

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Understanding life’s metaphorical highway journey

Due

Life is a highway; we are all travelers on this long, winding road. This metaphorical journey is filled with twists and turns, ups and downs, and a myriad of experiences that shape us into who we are. The phrase “Life is a highway, I won’t ride it all night long” encapsulates the essence of this journey, emphasizing the importance of taking breaks, reflecting on our experiences, and not rushing through life.

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Startup Business Loans for Bad Credit – Guaranteed?

CreditStrong for Business

Startups often need to go through several rounds of external funding to sustain themselves, especially in their earliest stages when research and development costs may be high and revenues are likely low. Unfortunately, most brand new startups don’t have business credit, or they have poor business credit scores due to their lack of credit history, if they can even generate a score at all.

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Safeguarding portfolios with collateralized loan obligations

Due

The financial market is a dynamic and unpredictable entity. It’s not uncommon for investors to face periods of stagnation, where the returns on their investments are minimal or even non-existent. One such scenario is the possibility of the S&P 500 averaging a 0% return over the next five years. This might seem extreme, but it’s not entirely implausible.

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Do Authorized Users Build Credit?

CreditStrong for Business

Adding someone to your credit card as an authorized user is a great way to help them build credit. As long as you and the added user manage the account responsibly, it can provide a quick, easy, and significant boost to their credit score. However, there are risks involved for both parties. Here’s what you should know about the process before getting started.

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Three Chicago health start-up execs sentenced in 1$bn fraud scheme

Due

Chicago-based Outcome Health and the company’s executives have been embroiled in a severe $1bn fraud case. The health technology start-up’s three senior executives, Rishi Shah, Shradha Agarwal, and Brad Purdy, have all been sentenced. They have been found guilty of exploiting the clients, lenders, and investors who trusted the company. Outcome Health execs sentenced Outcome Health started as Context Media in 2006, providing pharmaceutical companies with advertising opportunities.

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Shop with Purpose: Supporting Black-Owned Businesses for National Black Business Month

Due

With National Black Business Month coming up this August, how are you poised to support black entrepreneurs? When it comes to shopping with a purpose, you should rather be mindful of your shopping habits! Remember, black businesses contribute more than $165 billion in terms of revenue to the US. Besides, these businesses go a long way in creating jobs, with more than 1 million jobs.

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Stop writing off your revenue as bad debt: Chaser debt collections

Chaser

Is your business struggling with bad debt? Managing finances and ensuring consistent cash flow are critical challenges that every business must navigate effectively to remain profitable. Among these challenges, dealing with bad debt is a persistent obstacle that can significantly impact your business’s financial health.

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Consensys Software charged for unlicensed sales and securities offers

Due

Consensys Software Inc. has been charged as part of a federal investigation into the unlicensed sales of securities and offers in cryptocurrency. The team leading the investigation was spearheaded by the Security and Exchange Commission (SEC) Crypto Assets and Cyber Unit. Gurbir S. Grewal, Director of the SEC’s Division of Enforcement , said of the matter, “By allegedly collecting hundreds of millions of dollars in fees as an unregistered broker and engaging in the unregistered offer and sale of

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Working at Onguard: Meet Jordy

Onguard

When he was a child, he wanted to become a pastry chef. At 21 years old, he had his own business providing IT services to small companies. And in his free time, he is a music producer! We proudly introduce Jordy Zijp, team lead at the CreditManager Customer Service department. At the end of 2023, the number of unsolved tickets at the Onguard Service Center dropped by an impressive 65%.

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15 Ways to Make Yourself Financially Comfortable in Retirement

Due

If you’re like most people, your goal is to retire with more than enough money to meet your needs for a financially-comfortable retirement. To accomplish this, you’ll need to build up your retirement funds as much as possible. With a solid retirement plan and the following strategies, you can retire in comfort. How to Make Yourself Financially Comfortable in Retirement 1.

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SOA People Group Enters Polish Market with Acquisition of Majority Stake in KBJ

SOA People

SOA People Group Enters Polish Market with Acquisition of Majority Stake in KBJ, a leading SAP Platinum Partner listed in the Warsaw Stock Exchange.

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A Mysterious Employment Report: Reconciling Contradictory Messages

Loomis Sayles Credit Research

The May Employment Report from the Bureau of Labor Statistics (BLS) sent a contradictory message to markets, leading analysts to puzzle about what is going on. The Establishment Survey, which surveys businesses, nonprofits and government agencies about their payrolls, gave very upbeat data for May. However, the Household Survey, which surveys households about the employment status of their members, provided grim estimates for employment, reporting the highest unemployment rate in more than two y

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The Real Deal On Authorized User Tradelines

CreditStrong for Business

For many people, buying an authorized user tradelines seems like an effortless way to improve your credit. But they come with some serious risks! In this article, we’ll talk about renting tradelines, and why you should avoid doing so. We’ll also cover some helpful alternatives for building your credit. What Are Authorized User Tradelines? You might be familiar with the term, “authorized user,” if you’ve been on the journey of rebuilding your credit.

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The Credit Card Stacking Method – Startup Hack or Debt Trap?

CreditStrong for Business

In a business’s early years, expenses are often high and revenues low, which makes external funding necessary. Unfortunately, it can be frustratingly difficult to obtain. As a result, finding creative ways to qualify for financing is often one of the most significant challenges for young startups and small businesses. Credit card stacking is an innovative approach you can substitute for a business line of credit.

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Do You Need Credit to Rent an Apartment?

CreditStrong for Business

When you apply for an apartment, your potential landlord or property manager may check your credit. Most want to know that you have a good credit history before working with you. That said, there are ways to rent an apartment without good credit, such as using a co-signer or renting with a qualified roommate. Here’s everything you need to know about the relationship between renting and credit to determine the best approach for you.

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How to Get a Startup Business Loan With No Money

CreditStrong for Business

Startups often require a significant upfront investment to bring their offerings to market. As a result, they tend to have high costs and limited funds in their early days, which makes external financing essential for their growth. Unfortunately, it also means they frequently need to qualify for a loan without significant revenue or cash reserves, which is challenging.

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What Bills Help Build Credit?

CreditStrong for Business

Building credit is an important part of your financial life. Your credit score determines the loans and credit cards you can qualify for and the interest rates of the loans you can get. You can build credit by making monthly payments toward your loans, so many people wonder whether paying their other bills can improve their credit score. What Bills Help Build Credit?

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How to Get Startup Business Loans with Bad Credit

CreditStrong for Business

Startup founders often incur significant upfront costs to get their operations off the ground and start generating revenue. As a result, they frequently need external financing to grow initially. Unfortunately, it’s challenging for new startups to qualify for traditional business loans because they lack business credit. Let’s explore some alternative forms of financing you can use to clear that hurdle and get startup business loans with bad credit.

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Does Paying Rent Build Credit?

CreditStrong for Business

Many credit scoring models will consider rent payments, but only if they are reported to the credit bureaus. But most landlords don’t report. You can pay a rent reporting service to put your payments on your credit history, but it may not be the most economical way to build credit. There are also some credit cards, like Bilt, that allow you to pay rent on them, but you need a good credit score (670-850) to qualify.