Posts Tagged ‘Credit Score’
Why Your Credit Score Matters When Starting a Business
Your personal credit history serves as a primary indicator for lenders evaluating business loan applications. Banks and financial institutions examine your track record to assess risk, especially when you lack established business credit. A strong credit profile demonstrates responsible financial management, increasing your chances of securing funding with favorable terms. Read on to learn why…
Read MoreGet Your Credit Report in Spanish and Get Empowered
Knowledge is power, particularly when it comes to understanding your personal credit history. A survey from Experian finds that 25% of U.S. Hispanic-Latinos want to know what information on a credit report means, 45% are interested in learning how to build credit and 50% want to know how to keep their credit score high. Clear…
Read MoreObtenga Su Informe De Crédito En Español y Empodérese
El conocimiento es poder, especialmente cuando se trata de comprender su historial crediticio personal. Una encuesta de Experian revela que el 25% de los hispanos-latinos de EE.UU. quieren saber qué significa la información en un informe de crédito, el 45% está interesado en aprender cómo construir crédito y el 50% quiere saber cómo mantener su…
Read MoreWhat Credit Score Do You Need to Apply for a Loan?
You see the ads everywhere: “Apply Now” “Eligibility Guaranteed” “Fast Approval.” But no one every tells you the magic number needed to actually secure a loan, especially if you have little or no collateral. A personal loan provides you with a lump sum of money to use for large purchases, emergency expenses, or to consolidate…
Read MoreImproving Credit Worthiness: A Small Business Guide
Acquiring funding and improving creditworthiness is quite challenging for SMEs. Businesses require capital for a variety of reasons, from operational to expansion. They seek out financiers to increase their creditworthiness and working capital. That said, their creditworthiness is critical to ensuring that they can acquire the funds necessary to operate efficiently. Credit worthiness is assessed…
Read More7 Quickest Ways to Improve Your Small Business
Making continual improvements to your small business is essential to ensure ongoing growth and success. Activities like consistently monitoring your cash flow, using social media for marketing purposes, and knowing your strengths are essential. After all, if you know your strengths, you also know what areas need attention and improvement efforts. Regardless of if you…
Read More5 Ways to Boost Your Small Business Credit Rating
Photo Courtesy of iStock.com Small business owners spend their busy days dealing with customers, negotiating with vendors, and finding ways to improve their companies. While dealing with so many responsibilities, many owners can neglect to care for their credit rating, which can help their business grow and thrive. Your business credit rating is one of…
Read More5 Surefire Ways to Keep Your Credit Score High
Despite everyone’s best guess, consumer credit scores have increased during the coronavirus pandemic, according to a recent story published in The Wall Street Journal. Experts attribute the uptick to the government’s stimulus relief package and the payment deferments lenders and credit card companies granted customers who lost their jobs or fell on hard times as…
Read More7 Possible Reasons Your Credit Score Decreased
While consumer credit scores overall are increasing, that may not be the reality for everyone. If yours has dropped recently, here are seven possible reasons why. 1. You paid late or missed a payment Paying on time is the single most important factor impacting your credit score. It constitutes 35% of your FICO Score and 41% of…
Read MorePros & Cons of Freezing Your Credit
In a world where data breaches are increasingly common, many Americans are taking action to protect against credit and identity fraud. Freezing your credit (also called a security freeze) can be an effective way to ward off identity thieves and save yourself a lot of headaches and money down the road. A credit freeze temporarily suspends anyone…
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