Wed.Oct 30, 2024

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Tier 1 Credit: What It Is and How to Get There

CreditStrong for Business

Lenders and credit card issuers use your credit score to determine your financing terms, such as your annual percentage rate and credit limit. However, that doesn’t mean every point you gain or lose changes your results. Instead, creditors generally create offers for multiple credit score ranges known as credit tiers, and tier 1 credit is the one you want to reach.

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AML program productivity: Boost the impact of AML investigations

Abrigo

Increasing efficiency of compliant AML investigations To boost AML program productivity and keep pace with evolving compliance demands, financial institutions should focus on strategic operational improvements paired with the smart use of technology. Key topics covered in this post: The challenges of enhancing AML program productivity 8 Ways for financial institutions to increase the efficiency of case investigators Operational improvements & technology can increase throughput Compliance

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Webinar: Critical B2B Payment Considerations for Global Expansion

TreviPay

Thursday, November 21 at 10 a.m. CST In today’s world of B2B payments businesses are presented with unprecedented opportunities for global expansion. However, venturing into new markets, particularly in the B2B sector, is fraught with complexities that can derail even the best-laid plans. Join TreviPay leaders Inez Berkhof-Hollander, Piers Gorman and Ben Machen as they unpack how to successfully navigate this intricate terrain.

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Unlocking Profit Potential Through Strategic Financial Forecasting

Accounting Department

In the current competitive environment, small and medium-sized businesses (SMBs) must leverage every possible advantage to succeed and expand. Forecasting is a powerful tool that can greatly influence a company's financial success.

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Maximizing O2C Success: Strategies for Accurate Payment Application at Scale

TreviPay

A successful order-to-cash (O2C) process will end with a payment. Now, how you handle that payment matters. For B2B customers, applying cash to a specific invoice or transaction is crucial for on-time payments. The driving force behind this is the customer’s ERP or A/P system. These systems have safeguards to protect companies and track their spending.

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Key economic events influencing investment decisions

Due

There is so much data out there that the sheer volume could potentially sway markets and influence investment decisions. All of it makes strategic decisions harder to identify. This article aims to provide an in-depth analysis of the five key events investors should know in the coming days. These events, from GDP reports to presidential elections, will significantly impact the economy and financial markets.

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Unlocking Retirement Bliss: Resist Luxury Temptations

Due

With increasing wealth, numerous Americans are drawn to major purchases, such as second homes or boats. While these acquisitions may be satisfying in the short term, they can negatively impact one’s retirement savings. This article will delve deeper into the risks and challenges associated with such purchases and offer recommendations for securing a comfortable retirement.

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What Is a Rapid Rescore? [And When to Use It]

CreditStrong for Business

The rapid rescore process is a service most commonly purchased by a mortgage lender when a prospective homebuyer’s credit score needs a slight improvement for either qualifying for a mortgage loan or securing a more favorable interest rate. A rapid rescore expedites the process of updating the consumer’s credit history, which accounts for very recent changes.

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Recent Recession Affects Retirement Savings in the Long Run

Due

While planning for retirement, most people focus on inflation as the primary threat to their retirement savings. However, inflation is only one of the factors to consider. Another sometimes overlooked factor that can significantly impact our financial futures is recessions. Though less frequently discussed in the context of retirement planning, recessions don’t just affect our immediate financial situation; they can have lasting impacts on your purchasing power and the overall health of yo

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How Long Does It Take to Rebuild Credit After Debt Settlement?

CreditStrong for Business

Adverse credit report entries generally remain for seven years; however, the negative impact should decline over time. If other reported accounts are current and remain in good standing, substantial improvement is attainable in under one year. When credit reports contain other negative entries, rebuilding will likely take several years, but remaining current on all existing accounts and seizing opportunities for establishing and building new credit can help expedite the process.

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Declined for a Credit Card: What to Do Next

CreditStrong for Business

Getting declined for a credit card can be frustrating, but it’s only a temporary setback. There is a way to appeal the decision, and you can always strengthen your application and try again in a few months. If a credit card issuer recently denied your application, here’s what you need to know to move forward, including the most common reasons for rejection and the steps you can take to prevent it from happening again.