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Showing posts from April, 2017

iConnect Commercial Real Estate Marketplace

The Real Estate Marketplace is the place on iSmallBizCredit where you can promote or advertise your real estate business, your deals & opportunities, and your website. If you have commercial real estate for sale, the marketplace is the perfect place to find buyers. It is also the only place where soliciting partners, deals, leads, or referrals, is acceptable on iConnect. FOR SALE Large scale commercial cash flowing asset Partners sought for Large scale commercial cash flowing asset . Minimum $350,000 and entails owning significant share of permanent equity. 82 Clinton Ave Newark, NJ 07114 ·   4,000 SF · Office For Sale Description Historic 1850's Brownstone currently zoned for 3 commercial units,  new roof Located in the Lincoln Park area of Newark.  Close to downtown, highways and public transportation Price: $225.00 Gas Station for sale in a very busy area of the Bronx- Brand Name Gas Station- for sale in Bronx C

Credit Utilization and the Impact on your FICO score

Credit utilization and your FICO score Your FICO score is based on five key elements: your payment history (35 percent), the length of your credit history (15 percent), your credit mix (10 percent), how much new credit you have (10 percent), and the total amounts you owe (30 percent). The amount you owe, or how much credit you’re using—also known as credit utilization, comprises almost one-third of your credit score. And though it may seem straightforward, some nuances are often overlooked. In addition to representing the total amount of your outstanding credit, credit utilization is also a marker on your ratio of outstanding debt relative to your current credit limit. Installment and Revolving Credit To understand why this is so important, it’s good to review both installment credit and revolving credit. Installment credit is a term loan with pre-determined payments, such as a mortgage, car or student loan. It’s also like a traditional term business lo