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Online Credit Reports & How They Are Tracking Everything You Do

Due

Examples include: Bankruptcies. What to look for in public records: A Chapter 7 bankruptcy stays on your credit report for 10 years after it’s filed. On the hand, after seven years, a Chapter 13 bankruptcy can be wiped out. Bankruptcy records filed in federal districts. Public Records. Foreclosures. It gets worse.

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Navigating The Debt Collection Landscape In Indonesia

MNS Credit Management Group

For value of debt below five hundred rupiah the debt is settled through a simple claim procedure under regulation of the supreme court number 2 of 2015 on procedures for settlement of simple claims. Over 500-million-rupiah worth of debt can be resolved through this forum.

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How to Check Another Business’s Credit Score (and Why You Should)

Fundera

According to credit bureau Experian, as of 2015 upwards of $8 billion is lost or stolen from small businesses yearly due to fraud. Why You Should Know How to Check the Business Credit Scores of Other Companies. It’s possible that this number is actually underreported, and that the damage being done is more severe.

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An Inside Look at the SmartBiz Application Process

Fundera

Most businesses can qualify for an SBA loan if they’ve operated for at least 2 years, have no recent bankruptcies or foreclosures, and have positive cash flow,” says Judy Balint, CMO at SmartBiz. No bankruptcies and foreclosures in the past 3 years. Cash flow to support loan payments. No recent charge-offs or settlements.

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The past and future of the valuation industry

Abrigo

M&A has also been a significant factor in driving an increase in the demand for valuation professionals, with M&A activity totaling over $5 trillion last year in 2015 as companies sought to merge and acquire new market share as a means for increasing and protecting their position in the marketplace.

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Why Young People Aren’t Starting Small Businesses

Fundera

According to a 2015 report by the Kauffman Foundation , those under 35 experienced the greatest negative % change—over -40%—in median net worth, based on data from 1996 to 2013. Shrinking Net Worth and Increasing Student Loans. From 2007 to 2014, the average outstanding loan per recipient increased from $18,233 in 2007 to $27,689 in 2014.

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Credit Reports No Longer Include Tax Liens (Good News, Borrowers)

Fundera

In March 2015, the three major credit bureaus together launched the National Consumer Assistance Plan (NCAP) to implement industry-wide policy changes to “make credit reports more accurate.” Although you start at 850, mistakes ding you—and there are many ways to lower your credit score.