Credit Tip #3
Keep your balances low (<30%) to maintain a healthy credit score.
Credit Tip #2
Only time will heal the negative impact of a late payment on an active trade line.
Credit Tip
A single delinquency could reduce your score by 100 points.
What is a lending circle?
OBDC Small Business Finance is thrilled to partner with Mission Asset Fund to offer lending circles to small business owners in our program areas. When banks are not available, people across the globe lend each other money. LendingCircles.org has taken this to a new level by incorporating credit reporting. Now, in addition to accessing funds, a participant’s credit score can improve through positive credit activity.