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Business Credit Card and Other Credit Protection Equipment

The new Fair Isaac Driver License from Fair Isaac includes a business credit card issuing bureau bureau’s financial records, a credit limit of $500 for a single business credit card, and reporting for transfers made to multiple businesses. The transaction history is also detailed through a variety of reporting methods.
Note that business credit card transactions not including those that are accidental, are included because these types of transactions may reflect on your credit report as it relates to your business.

How to maintain a clean credit rating

What is a clean credit rating?

A clean credit rating (also known as a FICO score) is a score calculated by a credit scoring model that assigns a credit risk to a consumer’s credit history. The model, called a fixed-rater to credit scoring models, assigns risk to a consumer’s credit rating based on how well he or she maintains or increases the ratio of debt to income in each of three categories:

(1) Current Debt/Current Income Underage Purchasing (a) Buying (called also the ordinary debts and income segments)

For the loan, the model assigns a risk to a borrower who maintains or increases his or her debt so long as at least one of these segments continues to increase in value; the remaining debt must average about as far back as possible. The standard figure is the standard deviation of the total debt divided by the number of years the debt is in surplus to the borrowing capacity. Note that if current income continues at normal levels, the risk of the borrower using that income for future purchases will become less valuable.

(2) Purchasing Power (ApoP)

ApoP is the ratio of the total amount of debt to total number of years selling, or borrowing. This ratio differs between a borrower and a lender, both in the amount that can be borrowed and also the amount that can be bought (or sold) and can vary from month to month. Also noticed is the distinction between a lender’s BOP, or charge-back policy, and the policy and collection practices of credit bureaus.

Obviously, if a borrower is serious about paying some of his or her outstanding balances (which range from 75% of the monthly income line to over 100% of the line in the middle) then he or she can either continue to charge-back the balances or pay off the debt at the point in time when the interest rates on the balances seem reasonable.

So how can a borrower manage to maintain a balance of between 100% and 200% of the line in his/her lifetime?

Firstly, and perhaps the most important, is to maintain a balance of at least 20% of the line in his/her lifetime.