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Online Credit Reports & How They Are Tracking Everything You Do

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You might get asked similar questions by lenders when you apply for loans and credit cards. To find out, they might check your credit report. What are credit reports, why are they important and what is in them? What is a Credit Report and Why is it Important? Credit Reports vs. Credit Scores.

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altLINE Factoring Review

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Invoice factoring is a form of accounts receivables financing in which an invoice factoring company purchases the accounts receivables (or invoices) you’re owed and takes over the collections process. . Then, they’ll take responsibility for collecting the full amount from your customer. Freight brokering companies.

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What Is a Performance Bond?

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The surety agency—typically a bank or insurance company—assures the other party to the contract (the obligee) that they will be compensated in the event that the principal cannot complete their work. The construction company would approach a surety agency (again, a bank or insurance provider) to apply for a performance bond.

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Ways Credit History Can Impact Everyday Life

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Your credit history sums up all the information in your credit report. This information includes balances due, credit accounts, and payment history details. Your credit report also contains information on overdue debt, foreclosures, bankruptcies, judgments, and liens. Often, credit reports run up to many pages.

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Business Credit Score: What It Is (And Why You Need to Know)

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While there’s some debate in American politics over whether or not “corporations are people,” it is true that businesses have credit scores and can receive credit reports the same way individuals do. What is a Business Credit Score? A short list of factors affecting your score also includes: Credit utilization ratio.

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The How-To Guide to Checking Your Business Credit Score

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While there’s some debate in American politics over whether or not “corporations are people,” it is true that businesses have credit scores and can receive credit reports the same way individuals do. What is a Business Credit Score? A short list of factors affecting your score also includes: Credit utilization ratio.

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60 Business Finance Terms and Definitions You Absolutely Should Know

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Credit Limit. Sometimes referred to as A/P or AP for short, accounts payable can be short or long term depending upon the type of credit provided to the business by the lender. Bankruptcy. Turning to bankruptcy should be given careful thought because it will have a negative effect on the business credit score.