Fundera

MARCH 8, 2016

Younger, smaller businesses tend to have more trouble finding business loans from banks, which accounts for the accompanying increase in credit unions and especially online lenders. . With over half of all credit applications heading towards small banks, they clearly have an immense influence on lending in the United States.

Small Businesses 76

Small Businesses Credit Unions Credit Application 76

Fundera

SEPTEMBER 24, 2017

The BLS also reported that, in 2014, the average American household spent $2,787 on restaurant meals and takeout , compared to $3,971 on groceries. Keep good accounting records and be ready to present them for loans or credit applications. increased 25% from 2010 to 2017. The Risk of High Costs.

Credit Application 92

Credit Application Small Businesses 92

Fundera

MAY 25, 2017

Although you are more likely to get a credit application evaluated on the basis of a FICO score than a VantageScore, VantageScore is gaining prominence. According to the company’s website , “8 billion VantageScore credit scores were used in a 12-month period in 2015–2016—an increase of nearly 40% over 2014–2015.” .

Credit Scoring 74

Credit Scoring Credit and Collections Collector Credit Application 74

Fundera

JULY 22, 2020

The authors of the paper describe an audit study conducted in 2014 in which “minority” and white testers, seeking bank loans, were matched on all characteristics except for race. Enforce the Equal Credit Opportunity Act.

Credit Scoring 131

Credit Scoring Credit and Collections Small Businesses Credit Application 131