CreditStrong for Business

APRIL 3, 2023

However, qualifying members still need to meet specific credit requirements to get approval from a VA loan officer. Here’s what you should know about the minimum credit score for a VA loan. What is the Minimum Credit Score Requirement for a VA Loan? That often includes a minimum credit score.

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Credit Scoring Chapter 7 Bankruptcy Default 59

Due

JANUARY 3, 2023

Often referred to as credit reporting agencies, these companies work independently. Credit Reports vs. Credit Scores. Your credit scores are also influenced by your credit reports. The reason for this is that credit scores are calculated using information from your credit report.

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Credit Scoring Credit and Collections Bankruptcy Credit Reporting Agencies 119

Fundera

SEPTEMBER 20, 2018

Business owners can file for Chapter 7, Chapter 11, or Chapter 13 bankruptcy, depending on the business’s debt levels and financial situation. A Chapter 7 filing typically ends in the liquidation of the business, with the assets distributed among creditors. Chapter 7 Bankruptcy (Liquidation).

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Business Bankruptcy Bankruptcy Chapter 11 Chapter 7 74

tillful

MAY 17, 2023

A derogatory mark on a credit report refers to a negative item such as a late payment, a loan default, a repossession, or a foreclosure. Unfortunately, derogatory marks cause your credit scores to drop and alert future creditors that you present a higher credit risk. Do business collections affect your credit score?

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Credit and Collections Bankruptcy Credit Reporting Agencies Credit Scoring 52

Fundera

AUGUST 26, 2018

The biggest consideration for card issuers is your personal credit score—if you’re responsible with your personal debt, as indicated by your credit history, you’re lower risk for a business credit card. With that in mind, remember when you applied for your business credit card with your personal credit score?

Bankruptcy 65

Bankruptcy Chapter 11 Credit and Collections Chapter 7 65

Due

APRIL 2, 2024

Bankruptcy will likely exacerbate any credit issues, causing an initial drop of about 100 to 200 points in your credit score. Getting on top of your financial woes and rebuilding credit as soon as possible is vital to financial recovery. Hence, in the process of rebuilding your credit, you cannot afford a late payment.

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Credit Scoring Bankruptcy Credit and Collections Chapter 7 72

Due

DECEMBER 2, 2023

Without a credit history, there is no way for lenders to verify eligibility for loans, rentals, jobs, and insurance policies. On the other hand, your credit score is the number calculated from your credit history and credit report information. FICO scores range from 300 to 850.

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Credit Scoring Credit and Collections Chapter 7 Bankruptcy 59