Business Credit Scores Versus Consumer Credit Scores… What You Should Know

Business Credit scores are based only on whether the business pays its bills on time. As a result, a business owner can obtain credit much faster using their business credit profile versus their personal credit profile. Personal credit scores are based on five factors: Payment History – 35%, Utilization – 30%, Length of Credit History[…]

8 Common Myths about the Consumer Credit System

Misinformation and half-truths abound in discussions about credit reporting and scoring. People have so many different ideas about what is true when it comes to dealing with their credit that regardless of the question you ask, you are liable to get a wide variety of conflicting information. At the end of the day, all this[…]

How Does The Credit Repair Organization Act Help The Consumer?

Let’s talk a bit about consumer protection. The Credit Repair Oranization Act or (CROA) defines how credit repair organizations are allowed to operate. The CROA as we will refer to the organization in this article, was enacted to ensure consumers of services of credit repair organizations, or companies are provided with information necessary to make[…]

Business Credit Scores Versus Consumer Credit Scores… What You Should Know

Business Credit scores are based only on whether the business pays its bills on time. As a result, a business owner can obtain credit much faster using their business credit profile versus their personal credit profile. Personal credit scores are based on five factors: Payment History – 35%, Utilization – 30%, Length of Credit History[…]

8 Common Myths about the Consumer Credit System

Misinformation and half-truths abound in discussions about credit reporting and scoring. People have so many different ideas about what is true when it comes to dealing with their credit that regardless of the question you ask, you are liable to get a wide variety of conflicting information. At the end of the day, all this[…]

Payment Processing Outsourcing in Consumer Loan Services

When a company does not want to expend considerable effort in BackOffice work, it would do well to consider outsourcing the non-critical and labor-intensive tasks like loading information into systems for purposes of archiving. Another valid rationale for outsourcing is for work that needs quicker turnaround. An offshore outsourcing company on the other side of[…]

Consumer confidence index in May 2014 shows a positive outlook at the outset

India’s demand-driven economy is now boosted with the advent of a stable government elected on majority vote. Investors and industrialists alike have gained confidence in the current market scenario, thereby influencing a slow positive shift in consumer spending patterns as well. More than 55% of India’s real GDP depends on consumer spending, making it a[…]

How Does The Credit Repair Organization Act Help The Consumer?

Let’s talk a bit about consumer protection. The Credit Repair Oranization Act or (CROA) defines how credit repair organizations are allowed to operate. The CROA as we will refer to the organization in this article, was enacted to ensure consumers of services of credit repair organizations, or companies are provided with information necessary to make[…]