8 Powerful Strategies to Improve Your Credit Score

Women on Business

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Why Your Credit Score Matters as a Small Business Owner

Women on Business

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Why You Should Improve Your Business Credit Score

Strategy Driven

When did you last check your business credit score? Most business owners know that a personal credit score is important but many have never given their business score a thought. And of those that had, 56% had not checked their score within the past six months.

How Your Personal Credit Score Could Affect Your Business

Strategy Driven

While your business and you can be two different entities, your personal credit score can affect your ability to do business in a wide variety of ways. Why is My Personal Credit Score So Important? Your Credit Score Doesn’t Hold the Same Weight in Every Situation.

How a Good Credit Score Can Benefit You as an Entrepreneur

Women on Business

We've Moved! Update your Reader Now. This feed has moved to: [link] If you haven't already done so, update your reader now with this changed subscription address to get your latest updates from us. link]. Women On Business Sponsors

How to Get a Better Credit Score

Women on Business

We've Moved! Update your Reader Now. This feed has moved to: [link] If you haven't already done so, update your reader now with this changed subscription address to get your latest updates from us. link]. Women On Business Sponsors

Tips to Reduce Loan Burdens

Strategy Driven

It can be an unpaid electricity bill, a telephone bill, an insurance bill, but also loans you have taken out, such as a car loan, home loan or any other type of consumer credit. Calculate your credit score to be sure of what you have on your plate. Make a credit buyout.

Reasons to Gloat If Your Credit Score Is High

Harvard Business Review

People with higher credit scores tend to be less impulsive, better at delaying rewards, and more trustworthy than those with lower scores, according to a study of 63 university students and employees by Shweta Arya, Catherine Eckel, and Colin Wichman of the University of Texas at Dallas; the study included a survey and a set of tasks and games. Fair Isaac credit scores are calculated on a scale from 300 to 850 , with the U.S.

Common Financial Problems Start-Ups Face And How to Solve Them

Strategy Driven

Bad Credit Scores. One of the greatest stumbling blocks for entrepreneurs looking to start up a business is their credit score. A bad credit score can make it increasingly difficult to get loans to increase the funding for your business, among other important aspects.

Why So Many Different Loan Types Exist

Strategy Driven

When it comes to capital one, a small business line of credit means you only have to pay back what you use. If the credit just sits in a bank account, there’s no interest added and no need to give it back. Because Credit Scores Vary.

How to Build Business Credit Speedily in 14 Painless Steps

Miles Anthony Smith

How to Build Business Credit Fast in 14 Painless Steps in 2019 & Beyond Note: This post was written in collaboration with Nathan Grant, a Credit Industry Analyst from Credit Card Insider. With great business credit comes a host of benefits, saving you a ton of time and money.

Health and Well-Being in the Workplace

Lead Change Blog

The programs can cover credit scores, retirement planning, investments, and mortgage application. Employees are no longer just motivated by a paycheck. Those who are there just for the money will usually work inefficiently. To improve employee morale and health, you can consider implementing these tips. Encourage Employees to Work Out. As a leader, you should encourage your employees to exercise during working hours.

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? Slowly build the credit score of your business.

All You Need to Know About Unsecured Business Loans

Strategy Driven

Credit Score: Your credit history is very important, to lend you money, banks will also want to know your credit scores and details about your credit card history. When you first try to establish your business the first thing you look for is money.

Understanding Hard Money Business Purpose Use Loan and The Benefits for Investors

Strategy Driven

New businesses and businesses with low credit scores. Hard money lender can look beyond your financial or credit shortfalls which is what makes them different from a bank. Why a buyer has credit issues.

Is Taking a Small Business Loan Worth It?

Strategy Driven

For Better Credit Prospects. If you have the vision to turn your SME into a large-scale commercial operation, then you are definitely aware of the line of credits and how important they are for the sustenance of big companies. With a Low Credit Score.

Starting Business in Canada? Basic Tips to Follow

Strategy Driven

Build Your Credit Score. If you are new to Canada, you may not have a credit history that banks can rely on to lend you the money for your startup. There are several fast ways to build up your credit score.

Find High Acceptance Loans the Easy Way

Strategy Driven

One of the problems you may find is that some lenders will claim they can offer high acceptance even with poor credit and charge a fee to go through an application. Although your credit score will play an integral part in the approval process, you need to be able to prove what you can afford.

Tips on Starting a Business Before Gaining US Citizenship

Strategy Driven

In many ways, getting business credit is even harder than building personal credit. In fact, business credit is largely based on personal business credit scores, and if you are a non-U.S. citizen, your credit file is going to be fairly sparse.

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What are the Best Working Capital Loan Options in 2019?

Strategy Driven

OnDeck: OnDeck offers working capital loans to borrowers with a minimum credit score of 680 with rates around 9%. It also offers a line of credit which has a repayment period from 6 months till one year. Your monthly credit card transactions should be over $3000.

10 Incredibly Useful Things You Didn’t Know Emotional Artificial Intelligence Could Do

Leadership Freak

Help banks determine who’s worthy of receiving credit. Though there are credit scores, there are many ways people game the system. Should everyone get credit? This was the year most every large company took notice of the rise of artificial intelligence.

Geting to Grips With Your New Business’s Finances

Strategy Driven

When you’re trying to be careful with your funds, and save wherever you can; you might think that getting yourself a credit card might be a bad idea. However, it’s worth getting one so that you’ll have a credit rating or score for you and your business.

What Do You Need to Get a Payday Loan: A List of the Requirements

Strategy Driven

They are a popular loan option for those with no credit or a bad credit score. If you’re in a financial bind and need a little cash before your next paycheck, a payday loan may be just what you need.

3 Ways To Successfully Attain Any Goal In Life.

Rich Gee Group

Ensure your credit score remains high to garner the best interest rate deal.

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The 5 Easiest Ways to Build Business Credit

Women on Business

However, if your company can build business credit, you will find yourself gaining more opportunities to access cash. Whatever you do, don’t operate your business on your personal credit. Not only does it make your personal finances vulnerable, but business credit is a much more powerful tool professionally than personal credit. Make the financially fit decision Use these 5 quick tips to start building business credit today.

Online Small Business Loans

Strategy Driven

However, for you to qualify for BlueVine small business loans, you must have a minimum credit score of 600. OnDeck provides term loans and lines of credit for your small business. Kabbage loans fall within the lines of the credit category, with a minimum loan amount of $10, 000.

How Credit Card Companies Make Their Money

Strategy Driven

You’ve likely experienced a fair amount of credit card companies trying to entice you via offers in the mail. When you consider the fact that the United States’ total credit debt reached $1 trillion in 2017, it becomes clear why: these credit cards are a massive source of revenue.

How to Start a Used Car Business

Strategy Driven

Your personal credit score and history will be considered when you apply, so make sure everything is in a positive state before you do. For some people, starting an independent used car business is the perfect combination of a love of cars and great business skills.

5 Money Management Tips for Entrepreneurs

Strategy Driven

Something else that you should do on a personal level is to know what your credit score is. It means that knowing where you stand with regards to credit is essential. As an entrepreneur, you know how important money management is.

A Comprehensive Guide To Saving Money In Business

Strategy Driven

Improving cash flow within your business can reduce your need for loans and credit which come with interest, thus helping you to save money. Credit checking your customers can also help you to improve your cash flow and save money. Saving money in business can be done in numerous ways.

Use Data to Fix the Small Business Lending Gap

Harvard Business Review

Access to credit is a key constraint for entrepreneurs. And limited credit is in part caused by the difficulty of predicting which small businesses will and won’t succeed. Since the crisis, banks have reconsidered their overreliance on personal credit scores in small business lending.

Use Data to Fix the Small Business Lending Gap

Harvard Business Review

Access to credit is a key constraint for entrepreneurs. And limited credit is in part caused by the difficulty of predicting which small businesses will and won’t succeed. Today, community banks are being consolidated and larger banks are relying more and more on data-driven credit scoring to make small business loans—if they are making them at all.

The most common financial mistakes graduate entrepreneurs make

Strategy Driven

It helps to achieve a stronger business credit score. • Many graduates are both innovative and more financially-savvy than they get credit for. Amongst the world’s ambitious graduates are some of the next generation’s entrepreneurs and innovators.

What the Lending Club IPO Means for Business

Harvard Business Review

The company’s original focus was personal lending – individuals borrowing a few thousand dollars here and there to pay off credit card bills or fund a home improvement project.

Does Bigger Data Lead to Better Decisions?

Harvard Business Review

Some innovative companies are connecting data traditionally used by banks to assess the credit score of loan applicants with information ranging from mobile phone usage data to online social media relations data, in order to better and faster assess the creditworthiness of a micro-loan applicant.

How Banks Can Compete Against an Army of Fintech Startups

Harvard Business Review

Recent analysis by Bain and SAP found that only 7% of bank credit products could be handled digitally from end to end. Approval times are cut to days or, in some cases, a few minutes, fueled by data-driven algorithms that quickly pre-qualify borrowers based on a handful of data points such as personal credit scores, Demand Deposit Account (DDA) data, tax returns, and three months of bank statements.

What Kind of Data Scientist Do You Need?

Harvard Business Review

The consumer financial institution we work with also hires our fellows for their credit department that assesses underwriting risks. Instead, a strong statistics background can ensure the credit models withstand rigorous statistical scrutiny and do not overfit the data.

How CMOs and CROs Can Be Allies

Harvard Business Review

After the recession, for instance, one large lender made a practice of looking for “rehab” customers whose credit suffered in the downturn but who had since managed to achieve more stable incomes.

Hiring Algorithms Are Not Neutral

Harvard Business Review

This bias shows up in numerous aspects of our lives, including algorithms used for electronic discovery, teacher evaluations, car insurance, credit score rankings, and university admissions. This way, no single metric, such as SAT score, would exclude a qualified candidate. More and more, human resources managers rely on data-driven algorithms to help with hiring decisions and to navigate a vast pool of potential job candidates.

A Practical Approach to Reading Signals in Data

Harvard Business Review

Prototypically, a bank officer would make credit decisions for applicants based on the applicants' "character" — which church they attended, which school their kids were in, etc. The standardized score massively increased credit availability and thus lowered the cost of borrowing.

The Digital Opportunity Staring Credit Cards in the Face

Harvard Business Review

Credit card companies could be doing a much better job of saving us from ourselves. It’s well known that very few consumers are familiar with the terms of their credit card agreements and that even fewer are aware of those terms’ implications.

How B2B Software Vendors Can Help Their Customers Benchmark

Harvard Business Review

Mainstream software companies are beginning to hold “ data mirrors ” up to their customers, allowing scoring and benchmarking of their customers’ strategies. In such situations, the use of publicly available external data can be used for scores and rankings.

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How Behavioral Economics Could Help Reduce Credit Card Delinquency

Harvard Business Review

household credit card debt at an all-time high of more than $1 trillion , delinquent payments can be more costly than ever. For consumers, delinquency can mean late fees, increased interest rates, downgraded credit scores, the loss of vehicles or homes, or even bankruptcy, despite their intentions to bring their accounts current by making a payment large enough to satisfy their credit card balance. Ryan McVay/Getty Images. With U.S.