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AI-Based Credit Risk Tools Can Be Ruined By Noisy Data

The Horizons Tracker

One’s credit score is often hugely important, with it very difficult to secure substantial loans, such as mortgages, without a healthy credit rating. This can also mean, however, that it doesn’t take much to send your credit rating spiralling in the wrong direction. Risk assessment.

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Emergency Loans: 4 Tips to Consider

Strategy Driven

Review Your Credit Score. Since instant loans do not require any collateral, your most excellent means of eligibility is a strong credit score. A high credit score comes with higher chances for approval, higher loan limits, and better terms. Confirm Your Eligibility.

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Black Entrepreneurship In The United States

The Horizons Tracker

I’ve written previously about the poor state of female entrepreneurship , so it’s interesting to see a new report from the University of Nevada, Las Vegas, on the current state of Black entrepreneurship in the United States, and in particular, strategies banks can deploy to improve matters. of all business owners in the US.

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The 5 Easiest Ways to Build Business Credit

Women on Business

2- Get a business bank account – Banks prefer to provide a business line of credit to a company that has a positive financial track record. To apply for business credit, you will usually need a business bank account that is at least 2 years old. 5- Stay patient – Building business credit it a process.

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Unsecured Business Loans: A Comprehensive Guide

Strategy Driven

The usual protocol for when you get a loan from the bank is to secure any sort of leverage that the business has to the lender to ensure some sort of guarantee. To get this type of loan all you need to do is apply for financing and also have a good credit score. It is the easiest way to raise funds for your business.

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Do You Need Good Credit to Start A Business?

Strategy Driven

We all know that many entrepreneurs have bad credit score. Moreover, some go through personal difficulties which affect their personal credit score at the same time. Do you need good credit to start a business? Don’t use big banks as a funding source.

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How Blockchain Could Help Emerging Markets Leap Ahead

Harvard Business Review

One of today’s most celebrated examples of leapfrogging is the M-Pesa mobile payment system in Kenya and Tanzania, which lets people bank in their national currency using only their phones, leapfrogging traditional banking practices and creating a mobile banking revolution. The system currently serves a billion people.