The Factors That Influence Your Credit Score

FACTORS THAT INFLUENCE YOUR CREDIT SCORE Your pay history  (35%) Revolving credit card balances  (30%) Time in the bureau (15%) Recent credit inquires (10%) Type of credit (10%) POSITIVE FACTORS: Paid off accounts with…

Why Small Businesses Have Trouble Getting Credit

Only one third of small business owners were able to obtain all of the credit that their businesses need, a recent National Federation of Independent Business (NFIB) survey shows. The survey’s finding is not surprising. Many economists,…

Why do credit scores vary?

There is a lot of confusion about credit scores for consumers and the professionals that use them to evaluate risk. One way many get confused is that there are multiple credit scores instead of just one. These scores are sold online and for…

A Loan Officer’s Biggest Pet Peeve

As the owner of a Microloan/lease company serving startups and small businesses in the Southwest, I get to see a number of “interesting” loan applications. The quality of the business, the business owner, and the loan application proposal…

Get yourself a Warehouse Line

A Warehouse Line enables you to “fund leases” to discount or borrow against recourse or non-recourse with specific stipulations. Before getting into this aspect and its history, a “Warehouse Line” allows you also to pay a seller of…

My Reaction to the Credit Crisis

All I can do is what I can do and right now is a good time to do all that I can. I've been in the equipment leasing and finance business in the US for over thirty years and the owner of my own small company for almost eleven of them. Equipment…