February, 2022
What is a good FICO score? The answer depends on who you ask. Lenders use your score to predict how likely you will default on a loan. When determining the maximum amount of money you are allowed to borrow for a car or home mortgage, the lender will look at…
It’s important to check credit scores regularly in order to ensure that your financial standing remains at par with the latest standards. There have been several changes made to check credit score procedures and it’s important to understand them. In fact, they’re pretty straightforward. The first major change is the…
Credit management is a process of determining, establishing and implementing policies related to the timely recovery of credit that has been granted, setting appropriate terms for credit, and monitoring compliance with business credit policy, amongst many other credit related activities. A credit manager must also be prepared to take corrective…
Credit management is an essential process for any individual or business that requires access to funds. It involves the careful monitoring of credit accounts, the collection and repaying of loans and payments, the allocation of available credit to different credit accounts, and the timely retrieval of funds when it becomes…
Check credit score! Why? It makes no sense why anyone would do something as important as cleaning their credit without even knowing about it. The most important thing to check for is accuracy and timeliness. Your financial life depends on it. A credit rating is basically a numerical value calculated…