The Bank of England (BoE) is excluding many businesses from its short-term loans for coronavirus-related relief, critics say, by including restrictions based on credit ratings and short-term commercial paper use, according the Financial Times. In a letter to the BoE this week, the British Retail...
When one has a credit history, it is easy to overlook if it’s working as intended, as it is a fairly invisible piece of the fabric of day-to-day financial life. A few moments in an application process, while an algorithm evaluates one’s fitness for service...
Wiserfunding has announced the launch of Europe’s first certified credit rating for small- to medium-sized businesses (SMBs). Created in partnership with modefinance, the service will allow SMBs to receive a specific credit rating that only larger, public firms have been able to use to show...
Self Lender Founder James Garvey never thought he would go into financial services, and certainly never thought financial inclusion would become a personal passion. As a software engineer by training, his area of expertise was online direct marketing. Then he decided to go to Argentina with...
February 25, 2020
When one has a credit history, it is easy to overlook if it’s working as intended, as it is a fairly invisible piece of the fabric of day-to-day financial life. A few moments in an application process, while an algorithm evaluates one’s fitness for service by scanning their credit history, is the average interaction a […]
February 18, 2019
Starting a business in the United States requires being courageous, someone who embraces the idea of success as a long shot. In fact, to be a successful entrepreneur, it is...
June 13, 2022
Members of the U.S. military are especially vulnerable to erroneous or unscrupulous actions by companies connected with credit ratings and debt collection, the federal Consumer Financial Protection Bureau concluded in an annual report issued Monday (June 13). The report focuses each year on the financial concerns of members of the military. “Errors on credit reports […]
March 19, 2020
The Bank of England (BoE) is excluding many businesses from its short-term loans for coronavirus-related relief, critics say, by including restrictions based on credit ratings and short-term commercial paper use,...
October 31, 2018
Great Britain could be headed toward a long recession if it can’t strike a Brexit deal. Credit ratings agency Standard & Poor’s (S&P) warned that failing to make a deal might...
November 29, 2016
Everything has its value. Even good — and bad — behavior. The movement toward rating, well, everything, in terms of credit scoring is gaining traction in China. The Wall Street Journal reported that...
