Opening new accounts.
When you open a new credit account you are making your average age of credit younger, therefore your scores can drop. The older your credit the better it is for your score. Before opening credit take into consideration your timeline for loan approval.
Any company/competitor can review your DNB, Experian, or Equifax business credit reports without your knowledge or permission. You may never know why your bid was rejected if you are unaware of the status of your biz credit. #smallbiz#startups#smallbusiness
Did you know outside of North American bureaus, trade credit is not widely available as a primary source of commercial risk assessment, however there is growing interest in expanding availability of data.
Learn more https://t.co/1YNEf8m6nY
##export#import
California's legislature recently passed SB 1235, which would make it mandatory for small business lenders to make their rates and terms transparent to borrowers. If signed into law, SB 1235 would make CA the first state to demand such transparency. https://t.co/oSFe3JkdVF
It's easy to lose your head when tackling debt, but being mindful of your own mental and physical health will only make the journey to financial freedom a successful one! Use these easy tips to help keep your sanity: https://t.co/txAebHNBiA #MondayMotivation#SelfCare
Credit scores, even for those that know their number or range, can be confusing to interpret. Luckily, there are a few fundamentals that can help explain the credit scoring system: https://t.co/hKk79N9P90
Before you go ahead and make guesses about what’s best for your credit, it’s important to educate yourself on the possible outcomes from your decisions. https://t.co/AnH37v3R59
"If you wouldn’t be comfortable taking out a given loan for yourself, then you’ll want to think twice about cosigning that loan for someone else." @OppLoans https://t.co/npB7or8pRy