article thumbnail

13 Surprising Factors That Affect Your Credit Score (and Why Small Business Owners Should Care)

Fundera

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.

article thumbnail

Online Credit Reports & How They Are Tracking Everything You Do

Due

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

The How-To Guide to Checking Your Business Credit Score

Fundera

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? Competitors, for example, can do their research and see your credit score.).

article thumbnail

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

Fundera

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? Competitors, for example, can do their research and see your credit score.).

article thumbnail

60 Business Finance Terms and Definitions You Absolutely Should Know

Fundera

Turning to bankruptcy should be given careful thought because it will have a negative effect on the business credit score. Items like how large the company is, how long has it been in business, amount and type of credit issued to the business, how credit has been managed, and any legal filings (i.e., FICO Score.

article thumbnail

60 Business Finance Terms and Definitions Every Small Business Owner Should Know

Fundera

Turning to bankruptcy should be given careful thought because it will have a negative effect on the business credit score. Items like how large the company is, how long has it been in business, amount and type of credit issued to the business, how credit has been managed, and any legal filings (i.e., FICO Score.

article thumbnail

50 of the Top Finance Tools You Need To Know in 2023 to be Part of the Financial Elite

Due

This all-in-one platform offers an array of features, including budgeting, bill tracking, expense categorization, and credit score monitoring, making it an indispensable asset for individuals seeking a comprehensive solution to their money management needs. Credit Karma (credit scores and reports) Rating: 4.5/5