The 5 C’s of credit are character, capacity, capital, conditions, and collateral. Together, these serve as a way for lenders to evaluate the creditworthiness of potential borrowers. Banks and lenders generally look at your ability to repay, level of debt, how you plan to use the funds, and the collateral you have to offer. The…
All Credit Scores and Reports Articles - Page 2
A business credit score is a measure of your company’s financial health and credit history. Lenders use the score to assess your company’s ability to make payments on time. The information used to calculate your business credit score includes payment history and industry information, which can be seen by your vendors, suppliers, lenders, and creditors….
A hard credit check negatively impacts your credit score compared to a soft credit check, which has no impact. Hard credit checks typically occur when you apply for a loan or credit card. A soft credit check occurs when your credit report is pulled for a background check, like when you check your credit score….