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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. According to Experian, 59% of small business owners have never checked their commercial credit score. Keep up to date!

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The 5 Easiest Ways to Build Business Credit

Women on Business

Business bank accounts help you build business credit and keep your personal spending separate. 3- Build a business credit history – Just as you do personally, businesses have a credit history and a business credit score. Major business credit bureaus include Dun & Bradstreet, Experian and Equifax.

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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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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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Black Entrepreneurship In The United States

The Horizons Tracker

The researchers believe that a part of this is due to poor financial literacy, with 82% of those African Americans surveyed lacking knowledge of things such as their credit score, or of the state agencies designed to help small businesses. Despite this, Black entrepreneurs make up just 3.5% of all business owners in the US.

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Study Suggests AI Could Reduce Bias In Car Finance

The Horizons Tracker

The researchers highlighted that discriminatory pricing practices, such as setting loan prices based on a customer’s credit score, may not be permissible in all countries. Many nations mandate that loans must be offered at the same price to all consumers, regardless of individual credit scores or other factors.

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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. It also offers a line of credit which has a repayment period from 6 months till one year.