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Amazon partners with Marcus by Goldman Sachs to offer credit line to U.S.-based Amazon small business sellers | Tech News

Amazon Lending, a subsidiary of Amazon, today unveils a credit line for U.S.-based small businesses. The new digital credit line will be offered in partnership with Goldman’s Marcus brand. U.S.-based merchants who sell on the e-commerce giant’s platform will soon be receiving invitations from Goldman’s Marcus brand for revolving credit lines with a fixed annual interest rate of 6.99% to 20.99%, the...

New FICO Credit Scores Will Affect Millions of Americans

FICO, provider of the most widely used credit score[1] in the U.S., is making big changes to its credit scoring system that will take effect this summer. The company says[2] these changes will likely affect 110 million Americans, whose credit scores will either go up or down. Some 80 million are likely to see significant changes of 20 points or more....

What Do The New FICO Score Changes Mean For You?

Fair Isaac Corp., the company responsible for producing the FICO credit score, recently announced an update to how the credit score is tabulated. FICO 10 is due to be released this summer. Because the score is so commonly used by lenders (Fair Isaac states it is used in 90% of all lending decisions[1]), your personal score is very important to...

Big Changes for Your Credit Score Are Coming in 2020

Consumers who fall into debt and look to catch up by taking out personal loans will most likely see their credit scores drop under the new credit scoring model FICO is putting into place. The good news is that some credit scores will rise as lenders will be able to reduce the number of credit defaults, according to a press...