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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.

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Paydex Score: Breaking Down the Dun & Bradstreet Business Credit Score

Fundera

What Is a Paydex Score? A Paydex score is a proprietary business credit score generated by Dun & Bradstreet. The score determines your business’s creditworthiness, or how promptly you repay your vendors and suppliers. Scores range from 1 to 100. Paydex Score Defined.

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Paydex Score: Breaking Down the Dun & Bradstreet Business Credit Score

Fundera

So, what is a Paydex score? A Paydex score is a credit score for businesses. In fact, it operates much like the FICO individual credit scores you get through shopping with credit cards, taking out personal loans, etc., The Paydex score ranges from 0-100, with 0 being the worst and 100 being the best.

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Do You Need Credit Even After You Retire?

Due

Back then, you built your credit in anticipation of applying for credit cards, buying a home, leasing a car, taking out loans, etc. Without a good credit score and excellent credit history , you would not be able to achieve all of that. Hopefully, you kept at it to build and maintain a great credit score.

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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.

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How to Pick the Best Electrical Insurance

NorthOne

Once you have a clear understanding of your business’s needs and potential risks, it’s time to start researching insurance providers and policies. Research Reputable Insurance Companies When searching for an insurance company, it’s important to find one that specializes in electrical business insurance.

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Demystifying Credit Crunches and What They Mean for Small Businesses

tillful

While your revenue and credit scores haven’t changed, your application gets rejected. This can happen as the result of a credit crunch — also called a credit crisis or credit squeeze. Suddenly, the party was over, the bad loans were exposed, and the availability of credit was heavily restricted.