How Do You Determine Credit Worthiness?

How to Determine A Customer’s Creditworthiness Based on a study conducted with Atradius Group, credit was utilized for 43 percent ocf US B2B transactions.  The research also revealed that most credit transactions weren’t completed within the timeframes specified on average. That is as far as bank accounts are concerned. Thirty-nine percent of the respondents stated …

Credit Score Algorithm and how it works

Learning How to Use the Credit Score Algorithms You’re aware of how crucial your credit score algorithm report is. It’s the number that lenders consider to determine if they’d like to offer you credit and also the interest rate you’re qualified to receive.  It doesn’t matter whether you’re a member of a credit union, a …

Why Did My Credit Score Drop for No Reason?

Why Is My Credit Score Drop? There are many reasons why your credit score could be declining, including an accidental default or non-payment or the request for an extension of credit or modifications to how much you can spend on your credit limit or the amount you use. The factors that impact your credit scores …

Understanding Your Credit Score

Understanding the Credit Scores Different types of credit scores Credit scores are numbers that lenders employ to determine the likelihood of repaying promptly if they grant an individual a loan or credit card. The history of your credit determines your credit score. The FICO Score varies between 300 and 850. A good credit score is crucial to your …

Can You Get a Personal Loan With a Credit Score Of 500

500 Credit Score  This post is for you if your credit score is between 500 and 1000. What are personal loans? These loans are targeted at those who have a low credit score but are not the most reputable. With a poor credit score like this, you cannot secure credit card debt or bad credit …

Prepayment Penalty

Are There Penalties for Late Payments? Are you considering selling your house, refinancing your mortgage, or mortgage installment extra payments? These possibilities could be associated with penalties for late payments (prepayment penalty) from your mortgage provider that could amount to hundreds of thousands of dollars if you don’t ensure that you take suitable security precautions. …