CreditStrong for Business

APRIL 4, 2023

It protects them if you ever default. However, the outlook is brighter if you took out your loan between January 1, 2001, and June 3, 2013. Finally, if you received your mortgage on or after June 3, 2013, your MIP’s cancellation depends on your down payment. You have to pay it for the rest of the life of the loan.

Credit Scoring 59

Credit Scoring Default 59

Collenda

FEBRUARY 8, 2022

Between 2013 and 2019, the authorities wrongly accused around26,000 parents of making fraudulent child benefit claims. In particular, the most important customers should be monitored regularly using metrics such as Credit Score, Credit Limits, Payment terms. And: Know your clientele!

Credit Scoring 52

Credit Scoring Credit Management Default 52

Abrigo

MARCH 2, 2015

percent in Q4 of 2013. Demand is also increasing at credit unions. Credit union auto loan portfolios reached $225 billion as of the end of Q3 2014, according to Sageworks Bank Information. This is up from $193 billion as of Q3 2013, and $173 billion the year prior. FRED reports that 25.4

Credit Unions 79

Credit Unions Credit Scoring Credit Risk Default 79

Fundera

JANUARY 7, 2016

The short-term business loan model has seen extraordinary growth in recent years—non-bank short-term lenders doubled the amount of money they loaned between 2012 and 2013, from $1.5 Also, you should keep in mind these top 5 predictive indicators of business loan defaults : Your cash-to-assets ratio is low. billion to $3 billion.

Credit Scoring 76

Credit Scoring Small Businesses Default Transactions 76

Fundera

MAY 4, 2018

The percentage of borrowers who stacked loans doubled between 2013 and 2015. And loan stacking is bad for lenders, too, who might lose out to other creditors if the borrower defaults. And if the borrower defaults, the presence of multiple creditors can make it difficult for each lender to get their money back. An example?

Default 77

Default Credit and Collections Small Businesses Credit Scoring 77

Fundera

JUNE 22, 2016

Alternative lending is a fast-growing industry: approximately $3 billion in 2013 was lent through alternative channels, which was double that of 2012. If you default on your “loan” with a pawnbroker, your credit score won’t report it—but technically, this is a form of alternative lending. More Frequent Repayments.

Credit Scoring 76

Credit Scoring Small Businesses Default Transactions 76