How Your Personal Credit Score Affects a Business Loan Application

When you start a business, you put your personal life under the microscope. Nowhere is the microscope effect truer than in your financial life. Do you know how your personal credit score affects a business loan application? When you launch a company, it has no existing credit score. To determine whether or not you're worthy …

Protect Your Credit During the Holiday Shopping Season

Javelin Strategy & Research's 2018 Identity Fraud Study (its most current) revealed that the number of identity fraud victims increased by eight percent (rising to 16.7 million U.S. consumers) in 2017, a record high since the organization began tracking identity fraud in 2003. A similar study through the Federal Trade Commission found that credit card fraud involving …

Credit Reports vs. Credit Scores: What Matters Most?

Here at Scorewell, our credit management experts tell our clients to focus on credit reports over credit scores because there are simply so many scores out there. If you've ever applied for an auto or home loan, you might've noticed that the lender pulls your credit history and score from several sources and the results are …

Common Mistakes Found on Credit Reports

More than 80 percent of Americans have fallen victim to credit reporting errors that result in a lower FICO score than they are entitled to. When it comes to big purchases like a home, even a single error on your credit report may result in you paying tens of thousands more in interest fees because …