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How to Recover From Business Credit Card Debt

Fundera

Business credit cards are essential financing tools for both new and established business owners alike. When you’re just beginning, they can be your main financing lifeline and how you build your business credit. Many business owners need to know how to recover from business credit card debt.

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How Long Do Late Payments Stay on Your Credit Report?

CreditStrong for Business

Late payments remain on your credit bureau report and influence your credit score for seven years. Entries showing late payments remain for the duration, regardless of whether you pay the past due amount or not. Equifax, Experian, and TransUnion, the three major credit bureaus, compile the data that creditors report.