The moment you would have heard this term credit score, you would have got confused or may be worried that exactly what it is? Well, it’s a numerical expression representing your creditworthiness that too based on a level analysis. It’s basically used by the lenders, such as banks and credit card companies to evaluate the
The credit score is a numerical expression based on the statistical analysis performed by lenders and financial institutions to access a person’s creditworthiness. Apart from many other factors credit score is a major contributor in determining whether to extend credit to a borrower or not. A person’s credit score is a number between 300 and
Introduction: Credit Scores are the reasons why a lot of people do not get a good night’s sleep. In today’s world, where information is becoming more and more available at ease to everyone, a good credit score has become a mandatory requirement to lead a good lifestyle. However, there are so many myths surrounding this
Small and medium enterprises are already hard-pressed for resources and with competition becoming brutal; they need all hands on deck all the time to encourage their business. For SMEs capital can be one of the biggest godsends that can help them grow their business and steer past a crisis that they might be experiencing. An
A strong credit history is which you can refer as to savior of your business in bad days. Regular Cash Flows is a top priority to conduct the business operations smoothly without any hassle, and therefore a business specially a start-up should pay special heed to maintaining sufficient cash levels and a good credit so
Business Finance is an act of bringing money into organisation. It includes procurement of funds so that business organisation is able to carry out its operations effectively and efficiently. Every organisation big or small, manufacturing or trading needs business finance. Business finance includes all types of funds but the amount differs from one business to
With so many of algorithms and models, credit score becomes quite confusing. It sometimes make you messed up with your credit ratings and a bad credit, without making you realize what you have done. This is also true credit scores don’t get that much attention as they deserve, but yes they do come into consideration
In today’s world, if you want your loan or credit card application approved, the credit score is the one determining factor kept in mind by the loan companies at the priority list. The next question pops into the body of a normal person, why it is been considered as the most important factor by the
There can be nothing more delightful than starting your business. However, one of the major hurdles that many people face when starting a business is financing the venture. Apart from selecting the type of loan that is easy on pocket and meets your need, you may also face a major hurdle- having the right credit
Whether you prefer a direct online lender, a Fin-Tech lender, a commercial bank, a community bank, or peer-to-peer lender, your credit profile will be judged. This fact is beyond any confusion or doubt. A lender always makes an initial judgment of the loan seeker; i.e., an individual or a business group. Here we will share