Fundera

DECEMBER 12, 2019

With rising concerns about identity theft, data breaches, and online privacy, you might be considering using a credit privacy number. Should you be using a credit privacy number? We’ll go over the reasons someone might want a CPN, the possible ramifications of using one, and other ways to bring up your credit score.

Credit Scoring 86

Credit Scoring Credit Application 86

tillful

JANUARY 11, 2023

Lenders set rates and terms based on business credit scores, so it’s definitely in your best interest to maintain a healthy one by engaging in behaviors that will add points to your score. We get that, for many small business owners, raising your credit score can feel like just another thing on top of a huge stack of to-do’s.

Credit Scoring 52

Credit Scoring Credit Reporting Agencies Credit and Collections Bankruptcy 52

Fundera

JUNE 13, 2017

When you start doing business with a vendor, typically they will require payment at the time of service or upon delivery of goods unless you submit a credit application for deferred payment terms. Check the candidate’s references and consider r unning a credit check before hiring them (check the laws in your state regarding this).

Deductions 63

Deductions Small Businesses Credit Application Transactions 63

Fundera

DECEMBER 14, 2018

With rising concerns about identity theft, data breaches, and online privacy, you might be considering using a credit privacy number. Should you be using a credit privacy number? Let’s look into why you might want one and ask yourself if these reasons would be worth the potential risk they pose.

Credit Scoring 66

Credit Scoring Credit Application 66

Fundera

MAY 31, 2020

The Downsides of a Letter of Credit. A letter of credit definitely helps the financials of a deal go down smoothly, but they’re not a cure-all for every aspect of the transaction itself. Letter of Credit Examples. Whichever bank you work with will have its own letter of credit application process, requirements, and terms.

Transactions 49

Transactions Small Businesses Credit Scoring Credit Application 49

Fundera

DECEMBER 18, 2017

With all that said, no matter what their shape or size, the fact that all short-term loans come with short repayment terms definitely has its repercussions. If your business fulfills those qualifications, then your next move is to get your application paperwork together. Credit score. At least $50,000 in annual revenue.

Credit Scoring 63

Credit Scoring Small Businesses Invoice Amount Deductions 63

Due

FEBRUARY 1, 2023

Don’t max out your credit cards Maxing out your credit card accounts can not only tank your credit utilization rate, but it also indicates that you’re experiencing financial stress. That can eventually lower your credit score. Use credit responsibly A credit limit isn’t free money.

Credit Scoring 59

Credit Scoring Credit Card Companies Credit Application 59

Biz2X

NOVEMBER 20, 2023

Understanding CFPB 1071 CFPB 1071 amends the Equal Credit Opportunity Act (ECOA) to mandate data collection and reporting concerning business credit applications to the CFPB. Transactional Coverage Covered transactions include loans, lines of credit, credit cards, merchant cash advances, and other credit products.

Credit and Collections 52

Credit and Collections Transactions Small Businesses Credit Application 52

Biz2X

NOVEMBER 20, 2023

Understanding CFPB 1071 CFPB 1071 amends the Equal Credit Opportunity Act (ECOA) to mandate data collection and reporting concerning business credit applications to the CFPB. Transactional Coverage Covered transactions include loans, lines of credit, credit cards, merchant cash advances, and other credit products.

Credit and Collections 52

Credit and Collections Transactions Small Businesses Credit Application 52

Abrigo

SEPTEMBER 14, 2022

The NPRM provides instructions for collecting and reporting data points, a sample data collection form, and some new definitions. In 2010, Congress enacted the Dodd-Frank Act “ [t]o promote the financial stability of the United States by improving accountability and transparency in the financial system.” Points of Note.

Credit and Collections 78

Credit and Collections Credit Unions Credit Risk CECL 78

Fundera

JULY 6, 2016

So, how about those credit scores? Better Credit = Lower Rates. Like we saw above, there’s a definite relationship between credit score and APR. Limit your credit applications. It’s a myth that your credit score gets hurt when you check it…. That can definitely make an impact.

Credit Scoring 74

Credit Scoring Credit and Collections Bankruptcy Small Businesses 74