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OCT
23
0

The FICO score is an institution in the financial world, a staple in ranking consumer credit. It was established in the 1950s by Fair Isaac Co., but didn't become widely available to lenders until 1987, and consumers couldn't even legally access their scores until 2003. FICO scores highly influence the credit report that lenders use to rate the risk of lending money to borrowers, taking into account a person's credit history, including types of credit and length of loans, payment track record, level of current indebtedness, and most recent credit applied for. The trouble with Fico scores is that so many consumers are penalized by their score, rather than enabled. If you have a weak, thin, or short credit history, you may automatically face credit difficulty, and rebuilding weak credit is tough to do. You enter a cycle of poor or no credit and little opportunity to improve it because lenders turn you down. More than 30 million Americans who are essentially "credit invisible" face this problem.
OCT
05
0

In our personal and business lives we are constantly paying back. Loans for cars and education; payment plans for items on holiday layaway or your child's orthodontics; mortgages on property and loans for business expenses. We are familiar with paying back. How we pay back lending agreements can vary, however. Depending on your business needs, you can pay large lump sums over time or small amounts each day or week. Either way, you're paying back, and like J.J. Watt of the Houston Texans says, "Success isn't owned. It's leased. And rent is due every day."
SEP
28
0

Robust, strong, vigorous, potent. Words that describe a good cup of coffee also describe the potential effect of alternative lending on your small business. Like a strong cup of coffee to get your day going, essential cash flow for your small business can be the boost to get operations going. What's #goodforyou is generally thought in terms of healthy. It could be a nutritious, balanced meal instead of the nearest drive thru. It could be taking the steps instead of the escalator. In a financial sense, it could be skipping the time-consuming effort to apply for a traditional bank loan in favor of speed and efficiency that an online lender can provide.
SEP
21
0

Today's the day to present a business model, pitch a new product, secure an investor for new capital, run a meeting. When you walk into the room, you're going to need to own it. But you're not feeling it. Whether it's a poor night of sleep, storms in your personal life, illness, or something else non-business-related tying up your attention, there are reasons we don't wake up feeling all powerful every day. Time to summon power.
SEP
17
0

There's no such thing as free money, you say. But there's darn close. If you're a retailer selling national brands, chances are there's a cooperative advertising program available to you. Almost $14 billion of co-op advertising go unused every year, according to Borrell Associates, who reports that national brands have $36 billion assigned to co-op advertising programs. And instead of being swooped up by eager retailers, much of it goes unused. They report only 15 percent of advertisers participate in co-op programs.


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