CreditStrong for Business

MARCH 8, 2023

The three major credit bureaus, Equifax, Experian, and TransUnion, must record hard credit inquiries or “hard pulls” on consumer credit files for two years. A credit reporting company must maintain the inquiry (entry) as part of the credit history unless it was fraudulently conducted.

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Due

JUNE 22, 2023

From helping you build a credit history and offering liability protection to entitling you with bags of rewards – credit cards are, indeed, of thousand utilities. However, do you know your credit card can award you more than what you already know? Leveraging them may allow you to save significantly.

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Credit and Collections Credit Card Companies Credit Scoring Deductions 59

CreditStrong for Business

MARCH 9, 2023

When making improvements to your credit score, watching for any small movements can be anxiety-inducing. Credit score updates can happen on a daily basis. However, most people won’t notice it change that often because many credit monitoring tools only update credit scores once per month. That’s not entirely true.

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Lendio

JANUARY 23, 2023

Have you ever wondered why lenders pay such close attention to your credit score ? If your credit score reflects a solid track record, you’ll get serious consideration. We’ve all collected our share of bumps and bruises along the way. So there’s no shame in a less-than-stellar credit score.

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Fundera

AUGUST 26, 2018

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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Fundera

NOVEMBER 9, 2017

Business credit scores are vital to a business’s health and success. If you own a business and have any sort of open credit, then you certainly have a corresponding credit score. What’s a Business Credit Score? A business credit score is similar to a personal credit score. Check your credit report.

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Fundera

SEPTEMBER 18, 2018

When a credit bureau computes your credit score, their job is to produce a number that estimates—given your past and current financial history—how likely you are to default on future debts. There are five notable components of a personal credit score. There are five notable components of a personal credit score.

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CreditStrong for Business

MARCH 10, 2023

Late payments remain on your credit bureau report and influence your credit score for seven years. Fortunately, there are ways to improve your overall credit profile to offset the adverse results that late payments have on your credit score. What Is Considered as a Late Payment? on the due date are deemed as late.

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CommandCredit

OCTOBER 11, 2021

A good business credit score can help you get financing more easily. It can help if you need to take out a business loan or establish credit with another company. At Command Credit, we make it easy to check your business credit score or those of your customers and suppliers. What Is a Good Business Credit Score?

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Credibly

FEBRUARY 23, 2023

Table of Contents Why Should I Get My Credit Score? What is My Business Credit Score? What is a Business Credit Report? What is a Business Credit Bureau? How Do I Check My Business Credit Score? Just as each person has a unique credit score, each business also has its own credit score.

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Due

APRIL 16, 2024

The best con artists are the ones who know exactly what they’re doing, whether it’s a debt collection, credit card phishing , or imposter scam. Collect all communication. The scammer received a payment: Get in touch with your bank or credit card company as soon as possible.

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Waystar

MAY 31, 2023

Under their legacy vendor, they had to rely on point solutions, manual reconciliation, and far too many credit card companies in the collections process. Collecting patient satisfaction scores is key to knowing where your health organization stands. Are you currently quantifying patient satisfaction?

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Fundera

NOVEMBER 21, 2017

As you might know, your business credit score is very important to your business’ financial health. A change in credit score could alter the course of your business for the foreseeable future—but how often does that happen? What is a business credit score? What affects my business credit score?

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Due

JANUARY 27, 2023

What’s more, increasing credit card debt and interest rates are contributing to the problem. Credit score. It is also important to maintain a good credit score in order to maintain financial health. Make sure you have a prime credit score. A recession is also on the horizon. The cost of housing has also risen.

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FICO Blog

FEBRUARY 21, 2023

Increasing of the fed funding rates leads to higher interest rates when seeking new credit or carrying balances on credit cards. For example, the average interest rate on credit cards accruing interest in Q4 2022 was 20.40% compared to 16.44% in Q4 2021 (Source: Federal Reserve G.19 19 report on Consumer Credit).

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Fundera

DECEMBER 12, 2018

Credit scores have become a huge part of our lives. There’s no question a good credit score is crucial for so many varying parts of our lives, but the questions stands—what is a good credit score? What is the score you need to get the best credit card, mortgage, business loan , auto loan, etc., Good: 670-739.

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Due

OCTOBER 23, 2023

trillion in debt , with an average household debt of $101,915 Additionally, the Federal Reserve Bank of New York reports Americans’ total credit card debt was $1.031 trillion in the second quarter of 2023. Get your credit card statements, car loan statements, and medical bills together. Put an end to borrowing.

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Fundera

JANUARY 7, 2019

You have expenses that are both expected and unexpected, as well as the inevitable credit card bill. More often than not, your business credit card ends up being your best bet to keep the ship floating. But that also means you’re likely to come up against business credit card fees, which can add up.

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billtrust

OCTOBER 5, 2022

Failed collections attempts: Sometimes, despite your best efforts, customers won’t pay their invoices. If this happens, don’t hesitate to contact a professional collection agency. They can act as a single point of contact for all questions or concerns related to invoicing, payments and collections.

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Accounts Receivable (AR) Credit and Collections AR Automation Credit Card Companies 52

Due

MARCH 8, 2023

Are there items in your home that are collecting dust and taking up space? eBay is one of the most famous sites for selling everything from books, collectibles, and cars to clothes, art, and furniture. If you have a good collection of photographs, you can sell them as stock images to companies. Sell your used items.

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Due

MARCH 8, 2023

Are there items in your home that are collecting dust and taking up space? eBay is one of the most famous sites for selling everything from books, collectibles, and cars to clothes, art, and furniture. If you have a good collection of photographs, you can sell them as stock images to companies. Sell your used items.

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Credit and Collections Credit Card Companies Small Businesses 105

Lockstep

FEBRUARY 22, 2023

Using Lockstep Self Service, your client can opt-in to pay with a credit card or by ACH. For credit card payments, a modest surcharge covering the cost of the transaction processing fee and Interpayments fees will be added. For example, businesses are not allowed to surcharge debit cards.

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Fundera

NOVEMBER 1, 2018

Prepaid debit cards became popular in the 1990s as credit card companies began to realize that many Americans could not qualify for a credit card or were defaulting on their balances. One of the most successful companies to use this prepaid model is Netspend. See Your Business Credit Card Options.

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Lendio

DECEMBER 8, 2023

The first step is to get a business credit card. This card will separate your business expenses from your personal charges, while keeping your monthly costs all in one place. A double-entry system is based on the idea that every credit has an equal and opposite debit. These cost $500.

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Fundera

NOVEMBER 4, 2015

How will my credit impact my small business lending options? When you go to apply for a business loan, you may be surprised to learn that your personal credit score is one of the most important factors in determining your loan eligibility! Before you dive any further into the small business lending process, check your credit score.

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Fundera

SEPTEMBER 28, 2019

Get a business bank account and credit card. For instance, businesses that sell physical products or perform certain services need to collect a sales tax and obtain a Certificate of Authority, and businesses in New York City are also subject to the city’s business income and excise taxes. Obtain your EIN and register for taxes.

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Fundera

SEPTEMBER 23, 2019

However, if you still have several outstanding invoices or you’re waiting for payments to process through a credit card company, you might have more cash flowing out of the business than you do coming in—in which case, you’re cash flow negative. Be a Diligent Collector. Maintain Your Forecast.

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Fundera

DECEMBER 12, 2018

Factor Rate: used only for short-term loans , the factor rate is a cents on a dollar figure expressing how much the lender will collect per dollar borrowed for the full term of loan. depending on your industry, how long you have been in business, your credit history, and your average monthly sales. Line of Credit.

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Fundera

NOVEMBER 14, 2018

How Does Credit Work? Whenever you open a credit card or apply for a loan, credit bureaus collect information about your usage. That information appears on your credit report and is used to calculate a numeric credit score. It’s not just about achieving the perfect credit score.

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Fundera

APRIL 5, 2018

When you stop and think about the power of business credit cards , it’s almost bizarre to realize how much a great card can really do for you. But, like we just mentioned, there’s that one tiny hurdle—the business credit card application. How to Prepare a Business Credit Card Application.

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Fundera

SEPTEMBER 1, 2017

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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Fundera

JULY 12, 2016

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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Fundera

MARCH 26, 2018

And among those fluctuating factors might be a minimum credit score for loan eligibility. But for the vast majority of small business loans , the lender will at least look at your credit score. Credit scores are a crucial factor in the loan underwriting process, since they help determine how trustworthy a borrower really is.

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Credit Scoring Credit and Collections Accounts Receivable (AR) Bankruptcy 71

Fundera

OCTOBER 23, 2020

A chargeback, also called a payment dispute, is a reversal of funds after a customer has issued a dispute on a credit or debit card transaction with their bank. The concept of a chargeback was created by the Fair Credit Billing Act as a consumer protection mechanism against fraudulent charges. How to Dispute Chargebacks.

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Fundera

APRIL 19, 2018

Thanks to something called “EMV technology,” you’ve likely received new credit and debit cards in the mail sporting simple silver squares. Along with the futuristic look they add to any blasé black-striped credit card (nice!), And that credit card compliance law, too—also known as EMV compliance law.

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Fundera

APRIL 12, 2016

Your credit score is a three-digit number that gives potential lenders an idea of how likely it is that you’ll be able to pay off debt. The higher, the better: most credit score ranges begin at 300 and increase until 850. What are the different credit score ranges and what do they mean? Credit Scores are a Good Thing (Really!).

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Fundera

JUNE 15, 2017

For years, you’ve heard over and over again about the importance of maintaining a strong personal credit score. In addition to reviewing your personal credit report (which they absolutely will!), Understand How Business Credit Reporting Works. However, there are some key differences. Establish Your Business as a Separate Entity.

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