Introducing Credit Strong Business
The latest articles and advice to help you build credit.
As a small business owner, your days are probably filled with a lot of responsibilities. Yet amid your hectic daily to-do list, it’s important not to overlook your business
The downsides of renting a home or apartment can make the goal of buying a house feel urgent, but if your credit isn’t where it needs to be, you may want to slow down and think
A home is one of the largest purchases a person will make in their lifetime. Most people can’t afford to pay cash for a house, which means using a mortgage loan to borrow money
How quickly your new car loan can improve your credit depends largely on what’s already on your credit report. Excellent credit and stellar payment histories can mean
If you are using a free credit monitoring service and think you know what your credit score is, you might be surprised when you apply for a loan and your mortgage lender comes
Building credit from scratch can feel daunting, especially when you’re just getting started. It can seem like every lender wants you to have established credit before they’ll
How Far Back Do Mortgage Lenders Look at Credit History? Mortgage companies and other lending institutions may review any data contained within your credit reports. Data from
For most people, a home is the most expensive thing they’ll ever buy. However, buying a home can feel out of reach for many people, especially those without savings or with bad
If you have bad credit, getting good lease terms on a vehicle can be tough. Dealers want customers that have good credit. This article will walk you through the kind of
As a business owner, one of your most important responsibilities is to find capital for your business, but it can be challenging to find commercial lenders willing to provide
To manage and maximize your cash flow, consider using a vendor with invoice payment terms of up to 60 days. While the terms vary from vendor to vendor, the result is often more
A Credit Card Insider study1 found that about 76% of Americans believe we have between one and three credit scores. Unfortunately, the reality is a lot more
Business tradelines—sometimes called trade references or trade information—are credit accounts that appear on business credit reports. On personal credit reports,
If you want to start building or expanding your company’s credit profile, you need business accounts that are reported to at least one business credit bureau. Business lenders
Using a credit card to build credit is one of the fastest and easiest ways to improve your credit score. Responsibly using credit cards allows you to demonstrate to lenders how
Many small business owners use their personal credit to start or help run their businesses. However, if you can establish and build your business credit, you may be able to use
Business credit can help business owners efficiently run and grow their businesses. Just like personal credit, a company’s credit profile can impact its eligibility for
The current mortgage rates in the U.S. continue to remain at historically low levels, as 30-year fixed interest rates hover near 3%. The attractive rates continue motivating
Have bad credit but want to lease a car, and are uncertain if you can do so? The good news: yes, you can. The bad news? There are cost implications when you apply for a lease
Credit is among the various new realities that we all encounter when turning 18 and formally enter adulthood. One of the frustrating aspects of having no credit history
At first glance, the credit system looks like a classic catch-22. You need to have good credit to qualify for credit accounts, but you need credit accounts to have good
This list of easy-approval net-30 accounts will accept most new businesses. So, if you’re looking to build your business credit from the ground up, this is the perfect place to
Auto loans are one of the most accessible forms of debt in America. It usually doesn’t take too much to qualify for one, as evidenced by our nation’s car debt increasing by
The median mortgage borrower in 2021 had a credit score of 786.1 Most FICO® and VantageScore (the most popular credit-scoring models) scores both top out at 850, which
If you’re looking to learn more about credit scores, what a FICO score is (as well as bureaus like Equifax, Experian, and TransUnion), and how you measure up to other
Even the most financially savvy consumers can sometimes suffer setbacks that affect their credit scores. Fortunately, you can always recover from bad credit, no matter
Approximately 31% of Americans have a subprime credit score, a FICO® Score below 670.1 . If you’re in that group, you know how it's significantly harder to qualify for
If you want to build a solid financial future, then having a good credit score is necessary. A low credit score will make it harder for you to take out a personal loan or
Do credit builder loans really help people build better credit? We dug deep to find out. Our analysis included over 50,000 credit builder accounts from a nationwide
Your credit scores are based on the information in one of your credit reports from a credit bureau — either Equifax, Experian, or TransUnion. As a result, if you want a good
As a general rule of thumb, it takes about 3 to 6 months of payment history to build credit. Credit Strong reports payments monthly, so it takes about 3 months to see an initial
Most people think of credit cards as a good way to build credit, but credit cards are far from the only way to build your credit and payment
If you’re dealing with less-than-ideal credit, you know you have to take action. Opening new accounts that will be reported to the credit bureaus and making on-time payments
Why? People with 800 credit scores use credit differently than the vast majority of credit users. Sure, they do some of the same things you do: never miss a payment, try to
Credit card errors can significantly reduce your credit score and make it much more difficult to qualify for low-interest credit cards, loans, and other forms of credit. While
“The time it takes to rebuild your credit can depend on what hurt your credit in the first place, how much time has passed, and whether you’re adding positive info to your
You may be interested in building credit and saving money, but you aren’t sure what to expect from a Credit Strong account. Building credit can be frustrating and
Financial institutions offer two types of accounts to help people build or rebuild credit — credit builder loans and secured credit cards. Each has its benefits and
A Credit Strong account is the first fusion of credit building and an FDIC insured savings account available nationwide. Credit Strong allows you to grow your savings as you
Free tips on how to improve your credit and save for the future.
