Commercial Credit. Builder Program

Size: px
Start display at page:

Download "Commercial Credit. Builder Program"

Transcription

1 Commercial Credit Builder Commercial Credit Builder Program Our Goal is to Help You Obtain More Money to Operate and Grow Your Business, Restore the Limited Personal Liability Protection Back into Your Business Structure and Make Your business Bankable. Aaron Silverman Commercial Credit Builder

2 Table of Contents Introduction What is Commercial Credit? Why is Commercial Credit Important? How does Commercial Credit Work? - The Foundation Rule How does our Commercial Credit Building Program work? What sets Compound Profit apart from other Credit Building Companies? - The Business Essential Tools Frequently Asked Questions 2

3 Introduction A large majority of applicants for small business loans are declined. Many applicants are declined due to paperwork. Or rather the lack of paperwork results in the denial of the application. The SBA and lending banks have requirements and guidelines to verify a business s viability to repay a loan. These guidelines include a range of items from verifying the company is registered with the State to analyzing financial statements and projections. Banks scrutinized every loan, because according to the SBA 24% of Businesses fail in the 1 st two years 56% of Businesses fail in the 1 st four years 11.9% of SBA loans defaulted in 2008 Our Commercial Credit Builder Program is much more than establishing Commercial Credit for your Business; however, we work the basics as well. YES, we work with you to Obtain Money to Operate and Grow Your Business Establish and Build Trade and Cash Credit Lines Restore the Limited Personal Liability Protection Back into Your Business Structure Improve Cash Flow by using Credit instead of Your Company s Working Capital Show You How to use Other People s Money to Grow Your Business Establish and Build Credibility with Your Suppliers and Vendors Establish Profiles with the various Business Credit Bureaus Help You obtain Bank Loans These steps are essential to the long term FINANCIAL SUCCESS of your business; however, they are only the first steps towards building your Corporate Profile and becoming Bankable. At Compound Profit, we believe your Corporate Profile is just as important as your Commercial Credit. Therefore, our Commercial Credit Builder Program is designed to go the extra mile in order to overhaul your entire Corporate Profile. We developed a program to make you attractive to Banks and other Lenders. 3

4 Your Corporate Profile is more than a score issued by the Business Credit Bureaus. Banks and other lending institutions look at much more than your company s Business Credit Scores when they make lending decisions. Your specialized Commercial Credit Builder Coach will Help Your Business become Bankable, Teach You how to Strengthen Your Small Business Financial Exchange (SBFE) Profile, Review Your Business Plan to ensure it meets Lender s Requirements, Instruct You on how to Develop Financial Statements and Projections, Teach You how to Work On Your Business instead of work in Your Business, Give You a Non-Disclosure Agreement (NDA) for Your Business Plan to Protect Your Business Idea, Teach You how to Create a Business Continuity and Recovery Plan, Show You how to Build Credibility within Your Industry and to Your Customers, Teach You how to Properly Brand Your Company, And Teach You how to Build, Maintain and Protect Your Personal Credit Score. These items will be discussed in more detail throughout this Commercial Credit Builder Whitepage, so let us jump into the Commercial Credit Builder Program. What is Commercial Credit? Commercial Credit is the measure of a business s credit worthiness. Your company s Commercial Credit Scores enable vendors, lenders, banks and other creditors to determine your company s lending risk. There are two types of Commercial Credit: Trade Credit and Cash Credit. Trade Credit is given by suppliers in the form of Net Term payment options meaning buy now and pay later. Net Terms are usually 15, 30, 60 or 90 4

5 days. If you arrange a Net 30 payment option with your supplier, you have 30 days to pay the bill from the invoice date. Cash Credit is given by credit card companies and banks in the form of unsecured and secured lines of credit and loans. Once you establish Commercial Credit, your company can and will receive multiple types of Trade and Cash Credit: Auto Building Supplies Office Equipment Gas Cards Credit Cards Vendor Bank Loans And More Essentially, Commercial Credit is to your business as your Personal Credit is to you; however, there is a major difference between the Commercial and Personal Credit. Unlike Personal Credit, you cannot repair Commercial Credit once it is damaged. Federal laws govern Personal Credit; whereas, there are no laws governing Commercial Credit. This means you only have one chance to establish strong Commercial Credit. This is one of the reasons Compound Profit is here to help. We know the steps to smoothly navigate the Commercial Credit Building process. Why is Commercial Credit Important? Before we dive into the details of this section, let us take a look at an example of how Commercial Credit can have an immediate impact on your business. A Contractor is hired to build a porch for a residential home for $1500. The Contractor needs $1,000 worth of lumber to complete the project. The problem is his compressor recently broke, and it will cost $200 to replace it. Now he needs to purchase the lumber and a new compressor to complete the job. 5

6 Money is very tight for the Contractor, and he cannot afford the $1,200 outof-pocket expense. The homeowner paid half of the project ($750) up front, so the Contractor has $750 but needs $1200 (lumber + new air compressor) to start the project. The Contractor goes to the Lumber Store where he has a Commercial Account and orders his lumber with 1% Net 30 terms. He has 30 days to pay for the lumber and will receive a 1% discount if he does. The job will only take one week, so he will have final payment in time to pay the Lumber Store. The Contractor purchases his new compressor for $200. Of the original $750, he has $550 remaining and everything he needs to do the job. He completes the job and receives the balance of the payment owed ($750). Now he has $1,300, so he pays the Lumber Store the $1,000 balance for $990 (because he received a 1% discount for paying within 30 days) and pockets his $310 profit from the job. Strong Commercial Credit enabled the Contractor to complete a job he did not have the financial resources to start; PLUS, he received a discount for doing business with the Lumber Store. The example showed how the Contractor was able to use Trade Credit to grow his business. MONEY is one of the reasons Commercial Credit is important. With Commercial Credit your company will be able to receive more MONEY to operate and grow. Remember, in addition to Trade Credit, Commercial Credit will also give you access to Cash Credit such as unsecured and secured bank loans and lines of credit. Would an extra $50,000 help your company grow? There is no limit to what your company can receive in forms of Trade and Cash Credit. Another benefit of Commercial Credit is LIABILITY PROTECTION. As your company builds its Commercial Credit, you stop giving your Social 6

7 Security Number (SSN) on credit applications and start giving your company s Employer Identification Number (EIN). Commercial Credit enables you to Purchase/Lease Equipment without a Personal Guarantee Limit Personal Liability from Business Expenses Separate Commercial Credit from Personal Credit Separating your Personal Credit and Commercial Credit is an often overlooked benefit of Commercial Credit. This protects your Personal Credit for when you need it in your Personal Life. In addition to providing MORE MONEY and LIABILITY PROTECTION, Commercial Credit SAVES your business money. As you build your company s Commercial Credit, creditors are able to assign a credit risk to your company. With a good credit rating, your company will receive: Better 30, 60 and 90 Net Terms with Vendors Better rates on Credit Cards Better rates on Bank Loans Better pricing with suppliers How does Commercial Credit Building Work? The Catch 22 of Commercial Credit is your Business cannot receive Commercial Credit until it already has Commercial Credit. This puts you, the Business Owner, in a tough spot when you attempt to open Commercial Accounts. There are distinct steps a Company needs to take in establishing Commercial Credit. The first part is called The Foundation. As I like to say Build It, and the Money will come. It is really nothing more than making sure the proper paperwork is in the proper place. The key is to know when each item needs to be completed and not overlook or bypass steps. Here are a few of the items of building The Foundation. The Foundation 7

8 Registered Business Name: The first step toward building Commercial Credit is incorporating your business. There are six basic business structures Sole Proprietor, Limited Partnership, General Partnership, LLC, S-Corp and C-Corp. Sole Proprietors, LPs and GPs are pass-through tax entities, so there is no taxable difference between the business and the owner(s). Commercial Credit cannot be built with these business structures. LLCs can be structured as pass-through entities, so it can be harder to build Commercial Credit for a LLC. However, it can be and is done every day. S- Corps and C-Corps are the preferred business structures to build Commercial Credit. Obtain Employ Identification Number: Every business needs an Employer Identification Number (EIN also commonly know as Tax ID). Even if you do not have employees, your EIN will identify your company, your business accounts, tax returns, documents, etc. You will write this number in place of your Social Security Number on Commercial Credit Accounts. Business Bank Account: Every Company needs a Business Bank Account. Just as important as having the account is how you have it set up. The Business Bank Account needs to be the exact same name and address you registered with the State. This holds true for every Business Account you open. Your business name must be spelled exactly the same with the same address listed. You cannot use a PO Box or Virtual Office to build Commercial Credit. You need to use the physical address registered with the State for building Commercial Credit. For every account with a different name spelling or address, you will at times need to prove it is the same company. It is harder to change these records once they are already created, so be vigilant when setting up Business Accounts to verify all information is accurate and consistent. Listed in White Pages/National 411 Directory: 8

9 For some Vendors their only step in deciding to issue credit to Commercial Clients is calling the Business Phone Number listed in the 411 Directory. As long as the phone number is listed and answered in a professional manner with the company s name, the company will be issued Commercial Credit. For other Suppliers, Vendors, Banks, etc, this is the first step in a long list of items checked before issuing Commercial Credit. Business Phone Numbers are not always automatically listed in the White Pages or 411 Directory. You need to verify your company is listed and take the steps to list your company if it is not listed. Register with Business Credit Agencies: There are numerous Business Credit Agencies, but the three main players are Dun & Bradstreet, Equifax and Experian. D&B is by far the largest player in the Commercial Credit market. A D-U- N-S Number does not automatically give your Business Commercial Credit. You need active vendor credit lines that are reporting to the Credit Bureaus in order to start and then build your Commercial Credit Profile and Score. Many Banks use the Small Business Financial Exchange (SBFE) to make their lending decisions. Equifax is the third party provider that maintains the database for the SBFE. Other than working with Equifax to make sure you have an account, your SBFE Credit Score is automatic. We teach you how to maximize your SBFE Credit Score. Once The Foundation is built, your business is ready to start building its Commercial Credit Score. We use the Rule to build your Score Rule There are certain milestones along the Commercial Credit Builder process that need to be reached. To maximize their Commercial Credit Score, a Company needs a minimum of 5 Vendor Lines, 3 Revolving Accounts and 1 Bank Loan reporting to the Commercial Credit Bureaus. 5 Vendors: 9

10 Vendors and Suppliers often extend Trade Credit. They offer 30, 60 and 90 day Net Terms (some companies offer other timeframes). Once you establish a strong Commercial Credit Score and Profile, some companies will give you a discount for doing business with them, and your Net Terms may be 1% 30 day Net as in the earlier example. YES, a strong Commercial Credit Score can actually save your Business money when it uses a Commercial Account versus a cash account. When selecting a Vendor to start building Commercial Credit, you need to find a Vendor that: 1. Reports to the various Credit Bureaus 2. Extends Commercial Credit to companies without a Commercial Credit Profile. However, there is a problem with finding a Vendor that reports to the Credit Bureaus. 500,000 businesses extend business credit; only 6,000 report to various bureaus and agencies. Our program eliminates the guesswork in determining which Vendors report to the Credit Bureaus. 3 Revolving Credit Accounts: There are two types of Revolving Credit Accounts: Retail and Bank. Retail Accounts are credit cards through retails stores, and Bank Accounts are credit cards through banks. We work with you to obtain two or more of each focusing on bank credit card accounts. Did you know? There are over 500 Business Credit Cards and only 40 unattached to Personal Credit. That statistic is a little outdated, so the numbers are even worse in today s credit climate. It is harder to find Commercial Credit Cards that do not appear on your Personal Credit. Most Bank Credit Cards require a Personal 10

11 Guarantee. Although they are Personally Guaranteed, they do not appear on your Personal Credit Report unless you miss payments. This is important, because it preserves your Personal Credit for when you apply for the Bank Loans. All banks will run your Personal Credit when you apply for a Business Loan. As a Small Business Owner, this is unavoidable; therefore, you want and need to preserve and protect your Personal Credit as much as possible. 1 Bank Loan Bank Loans and Lines of Credit are the financial resource goal of every Small Business Owner, because they are flexible and inexpensive when compared with other sources of money. All Banks will look at your Personal Credit; however, not all of them will require a personal guarantee when you apply for a loan or line of credit. Each Bank offers different commercial loan products, so you need to shop around for a Bank that fits your needs. Compound Profit is here to navigate the Commercial Credit Building process with you, and we teach you what to ask and what to look for. How does our Commercial Credit Builder Program work? Our Commercial Credit Builder Program is designed to help your business obtain Commercial Credit in 3-6 months instead of the several year process it can normally take. We ensure your Company is established and active with Dun and Bradstreet, Experian and Equifax. We will also create profiles with several other Commercial Credit Bureaus. Your Commercial Credit Coach will work with you for one year assisting you in creating a solid Commercial Credit Score/Profile and becoming Bankable. Another goal of Compound Profit is teaching you how to use the necessary tools established during the year promoting continuous business growth. Once you purchase the Commercial Credit Builder Program, you complete a Company Questionnaire, and we assign you a Commercial Credit Coach 11

12 who develops a customized approach to establish and build your company s Commercial Credit Score and Profile. Once The Foundation is built, your Commercial Building Coach will move onto building each Level of The Rule. In Level 1 your Commercial Credit Coach completes Vendor applications for your Company. We select Vendors that match the type of products your Company typically uses. Your Company needs to use the Commercial Credit Accounts we help you establish in order to build Commercial Credit, If you already have Vendor accounts, we will attempt to have them report to the Credit Bureaus. With Level 1 Vendors, you will typically have 30 day Net Terms which means you have 30 days from the invoice date to pay the amount due. In order to obtain the highest PAYDEX possible, we advise you to immediately pay the bill when you receive it. D&B s PAYDEX Value Chart gives 80 out of 100 possible points for a payment made the day it is due. Your company needs to pay the bill 30 days before the due date to receive 100 out of the 100 possible points. Level 2 starts once your company establishes a reporting payment history with the Trade Credit Company from Level 1. As trade lines are established and requirements are met, lines of credit and credit cards are applied for. Your Coach will work with you to receive Retail and Bank Credit Cards. Level 3 of The Rule in the Commercial Credit Builder Program is to obtain a Bank Loan. Remember the SBFE mentioned earlier? It is the reason applying for the Bank Loan is the final step. SBFE considers items such as the daily average balance and cash flow of your accounts. During the first few months you are enrolled in the program, your Coach will teach you how to strengthen your company s SBFE Credit Score as much as possible before applying for a Bank Loan. If your company is unable to obtain an unsecured loan or line of credit, your company will obtain a secured loan/line of credit. Your Commercial Credit Coach will teach you how to convert the secured loan into an unsecured loan. 12

13 The Final Step in the Commercial Credit Builder Program is to maintain and continue to grow the Commercial Credit Score and Profile we helped you build. What sets Compound Profit Apart from other Credit Building Companies? There a number of companies that will build Commercial Credit for your Company. There are even some that will sell you a quick How To guide with less information than this Whitepage. Although our Foundation and Rule Commercial Credit Builder Program exceeds what other companies offer, we drastically enhanced our Program by including several extra Business Essential Tools. Our goal is to help you Obtain More Money to Operate and Grow your Business, Restore the Limited Personal Liability Protection back into your Business Structure and Make Your Business Bankable. I have already covered the first two parts of the Goal, and the Business Essential Tools are designed to Make Your Business Bankable. The Business Essential Tools 1 hour Business Plan Consultation 30 minute plan review 30 minute phone call review NDA Agreement Business Plan EBook Branding Special Report Social Networking and Blogs as Business Tools EBook Business Continuity and Recovery Plan EBook Coming October 2009 Building, Maintaining and Protecting Your Personal Credit Score EBook Coming November 2009 Business Plan EBook and Consultation: Your Business Plan is a major factor in your Company s ability to receive Bank Loans and Lines of Credit. A Bank will not loan you money if you do not have a plan for success or financial projections. 13

14 Our Commercial Credit Coaches will not write your Business Plan for you. We believe you, the Business Owner, are the most knowledgeable person to write your Business Plan. You should understand your and your business strengths/weaknesses and the industry better than someone you can pay to write your Business Plan. Our Business Plan Consultation goal is two-fold. The first is to review your Business Plan ensuring it meets Lender s requirements and help you strengthen your Business Plan. The second is to review your Financial Projections. The Bank needs to know you have a plan for success to utilize and repay the money. The Banks also wants you to have financial projections that show the cash flow to repay the loan. We are not CPAs or Tax Attorneys, and we do not verify the accuracy of your projections. We analyze them to determine if they make sense and contain the proper data. For example, if your business has an office and electricity is not listed as an expense, your Commercial Credit Coach will point out the discrepancy. The Business Plan EBook is designed to teach you how to work on your business instead of work in your business. Many Small Business Owners are the bottle neck of their business. When the Owner has a sick day, the Business has a sick day. When the Owner takes a vacation, the Business takes a vacation. Many times this cannot be prevented when a Small Business opens. The problem is this becomes the normal operating procedure, and the Small Business Owner is run by the Business instead of the other way around. The Business Plan EBook is designed to help you start thinking about Leading your Business instead of Managing your Business. Branding Special Report: The Branding Special Report will teach you how to Properly Brand Your Business. The simplest form of Branding is a Business Card, and it is an essential Business Tool. Almost as common, and just as important as the Business Card, is a business website. Your Company needs somewhere to drive customer inquiries for more information. 14

15 In the Report, I discuss the importance of an address. A member of the Networking Group I started, Joe (name changed), owns a tree cutting service and has a website for his Company, Joe s current address is To Properly Brand his business, I told him to change his address to With the Yahoo! address, Joe advertises for Yahoo! every time he sends an . If he changed his address to my suggestion, he would be advertising his business website every time he sends an . Also, his new address provides instant credibility and a professional appearance. Plus, I discuss, as a Small Business Owner, you and your Company are one in the same. This is important when dealing with customers, Vendors and even Commercial Bankers. Social Networking and Blogs as Business Tools EBook: The Social Networking and Blogs as Business Tools EBook is geared towards teaching you how to BUILD CREDIBILITY within Your Industry and to Your Customers. Social Networking is a channel to interact with your potential, current and past customers. You have instant access to promote your products and sales and build credibility with them. Today s customer has unprecedented access to information, and they conduct research before they make a purchase. They are more likely to become your customer if your Company is providing that information. Another Business Owner in the Networking Group created a Twitter account soon after the meeting where I presented Social Networking and Blogs as Business Tools. Within one week of joining Twitter, a potential client he met on twitter requested a bid on a project - very quick return on his time. By Blogs, I am not referring to the one or two paragraph updates of a daily blog. I mean Ezine type articles written about your Industry. Ezines are Electronic Magazines that are normally distributed via to subscribers of the Ezine. 15

16 You need 5-10 well written short Articles. These Articles are then posted on your Company s website, submitted to Ezine Article websites, ed to potential, current and past customers as touch points, Networking websites, etc. The purpose of the articles is to build credibility. Once you publish the Articles on your Company website and Ezine article websites, you are a published author. It does not take much to be a published author; however, being published gives you credibility. Once you create and publish the Articles, you need to include them as an addendum to your Business Plan and list the fact you are a published author in your Business Plan. The #1 question your Business Plan must answer is Why are you the right person to run the Company? Credibility helps establish you as that person. Business Continuity and Recovery Plan EBook: This EBook is still being written and will be available for distribution to all active Commercial Credit Builder Clients in October It will teach you how to develop a Business Continuity and Recovery Plan. In general, people do not like to plan for the worst case scenario. As a Small Business Owner, you have a responsibility to your employees, spouse, family and anyone else that depends on your Company for a livelihood. You must have a plan in place just in case the worst case scenario actually occurs. A Business Continuity and Recovery Plan can be a stand alone document; however, I recommend you include it as an addendum to your Business Plan. The purpose of a Business Continuity and Recovery Plan is threefold: 1. Instructs how the business will operate in the event of a natural disaster. 2. Details a plan on how to operate or sell the company in case something happens to you and you are unable to run the business. 3. Tells potential Investors, Lenders, etc how borrowed money will be repaid in the event either of the first or second situations occur. 16

17 Building, Maintaining and Protecting your Personal Credit Score EBook: This EBook is still being written and will be available for distribution to all active Commercial Credit Builder Clients in November The EBook will teach you how to Build, Maintain and Protect your Personal Credit Score. Frequently Asked Questions Q: How much Money will my Company receive? A: This varies from Company to Company and Industry to Industry. Your Company s cash flow will also impact the amount. Credit Lines range from $250 and up with Trade Credit on the lower end and Cash Credit on the higher end. Q: Can I just do this with my Personal Credit? A: Yes and no. You can but you miss all the benefits of Commercial Credit, and you run the risk of quickly ruining your Personal Credit and draining your Company s financial resources. No, because your Personal Credit has limits on the amount of money you can receive for your Company. With Commercial Credit, you are not penalized for having too much credit; it actually benefits you and helps you receive more credit for your Company. Q: I do not need Trade Credit; I need Cash Credit. Can I skip to acquiring Cash Credit? A: No. Trade Credit is a step in the Commercial Credit Builder process. Cash Credit companies want to see a track record before issuing credit, and Trade Credit is the starting point. Without Trade Credit, you are not able to build Commercial Credit free of your Personal Credit. We work with you to decide which Trade Credit Vendors are the best fit for your Company. Mostly we work with office supply Vendors, so you will have extra office supplies that will eventually be used. We try to match your Company with Vendors that supply what your Company uses everyday. Q: Do you offer a Guarantee? A: Yes, we offer a Guarantee. We guarantee you will have multiple Trade Credit Accounts and multiple Cash Credit Accounts within twelve (12) 17

18 months. If we are unable to meet that goal, we will refund your money and you keep all Credit Accounts that have been established and all the educational matter we provided you. 18

How to Build Credit for Your EIN That is Not Linked to Your SSN

How to Build Credit for Your EIN That is Not Linked to Your SSN How to Build Credit for Your EIN That is Not Linked to Your SSN How To Build Credit For Tour EIN That is Not Linked to Your SSN Business Credit is credit that is obtained in a Business Name. With business

More information

Here is what you could save by having a Favorable Business Credit Profile:

Here is what you could save by having a Favorable Business Credit Profile: WHY BUILD YOUR BUSINESS CREDIT PROFILE? Are you looking for a business loan or financing? Been turned down? Do you need a business line of credit for working capital or growth? Do you want to lease or

More information

The Definitive Guide to Building Your Business Credit

The Definitive Guide to Building Your Business Credit The Definitive Guide to Building Your Business Credit How to Obtain Credit That s Linked to Your EIN Not Your SSN With No Personal Guarantee or Credit Check Call Now For Your Free Consultation Max Score

More information

WARNING: This blueprint is for your personal use only. You may NOT Give Away, Share Or Resell This Intellectual Property In Any Way

WARNING: This blueprint is for your personal use only. You may NOT Give Away, Share Or Resell This Intellectual Property In Any Way WARNING: This blueprint is for your personal use only. You may NOT Give Away, Share Or Resell This Intellectual Property In Any Way All Rights Reserved Copyright 2015 Business Credit Insiders Circle All

More information

How to Get Business Credit Funding for your New Business

How to Get Business Credit Funding for your New Business Author Name: Joe Lawrence Website: www.businesscreditworkshop.me Phone: (888) 218-6354 Best Email: info@businesscreditworkshop.com Expertise: Business Credit Financing for new businesses How to Get Business

More information

The Business Credit & Funding Platform

The Business Credit & Funding Platform Your Business Credit and Funding suite The Business Credit & Funding Platform 2012 Dispute Suite, all rights reserved. No reproduction or use of any portion of the content or work or the entire work is

More information

Build Strong Business Credit Scores Fast

Build Strong Business Credit Scores Fast Build Strong Business Credit Scores Fast FirstUSA Data Services, LLC 877-857-5045 www.firstusadata.com The Reasons to Build Business Credit Wells Fargo Bank -Separating Personal and Business Finances The

More information

- Your Business Credit and Funding System - We secure Funding for your Business

- Your Business Credit and Funding System - We secure Funding for your Business We secure Funding for your Business Your Business Credit and Funding System It is said that almost 50% of new businesses fail in their first 2 years. The reason for their failure in many cases is lack

More information

The Importance of Building Business Credit

The Importance of Building Business Credit The Importance of Building Business Credit Even if building a credit line is not a priority for you, it is a necessary element for making many goals a reality, especially if your goals include financial

More information

THE OFFICIAL BUSINESS CREDIT BUILDING CHECKLIST

THE OFFICIAL BUSINESS CREDIT BUILDING CHECKLIST THE OFFICIAL BUSINESS CREDIT BUILDING CHECKLIST Your Checklist to Building Business Credit Easily, Quickly & Effortlessly The Official Business Credit Building Checklist Every highly successful business

More information

How to Build Credit for Your EIN That is Not Linked to Your SSN

How to Build Credit for Your EIN That is Not Linked to Your SSN How to Build Credit for Your EIN That is Not Linked to Your SSN HOW TO BUILD CREDIT FOR TOUR EIN Business Credit is the credit that is obtained in a Business Name. With business credit the Business builds

More information

Business Credit Building Blocks

Business Credit Building Blocks Business Credit Building Blocks By: Companies Incorporated 1-800-Company Companies Incorporated is the Nation s leader in Business Credit services and Corporate Credit building programs for small businesses.

More information

Build Strong Business Credit Scores The Fastest Possible Way

Build Strong Business Credit Scores The Fastest Possible Way Version 3 July 08 Build Strong Business Credit Scores The Fastest Possible Way Your business needs its own credit scores that are separate from you personally. Let s look at how you get that done. The

More information

BUSINESS STRUCTURES: Using Corp., LLC, or General Partnership to Gain Credibility

BUSINESS STRUCTURES: Using Corp., LLC, or General Partnership to Gain Credibility BUSINESS STRUCTURES: Using Corp., LLC, or General Partnership to Gain Credibility If you have ever tried to obtain a credit card, a mortgage loan to buy a home, or a car loan, then you know how important

More information

100 Percent Financed. Getting Started in Applying for Business Credit with a Personal Guarantee. By Juan Pablo

100 Percent Financed. Getting Started in Applying for Business Credit with a Personal Guarantee. By Juan Pablo 100 Percent Financed Getting Started in Applying for Business Credit with a Personal Guarantee By Juan Pablo Juan Pablo The 100% Financed ebook 2 100 Percent Financed Disclaimer @2014 Grey Rose Consulting,

More information

BusinessFinanceCoach.com

BusinessFinanceCoach.com Version 4 Nov 09 Build Strong Business Credit Scores The Fastest Possible Way BusinessFinanceCoach.com Your business needs its own credit scores that are separate from you personally. Let s look at how

More information

Business Funding Evaluation YOUR BUSINESS NAME

Business Funding Evaluation YOUR BUSINESS NAME Business Funding Evaluation Prepared Exclusively For: YOUR BUSINESS NAME YOUR ADDRESS & CONTACT Prepared By: The Credit and Funding Pros Thank You For Allowing Us to Serve You! Business Funding Evaluation

More information

6 Essential Steps To Building Business Credit "

6 Essential Steps To Building Business Credit " 6 Essential Steps To Building Business Credit " In this report you will learn about the 6 critical steps to building your business credit and getting access to the funding your business needs to grow

More information

Corporate Credit 101. 2007-2008 Edition

Corporate Credit 101. 2007-2008 Edition 2007-2008 Edition BNR Consulting Network 11/17/2007 2 What is business credit? Many business owners are unaware of corporate credit and how to obtain it. BNR Consulting Network is proud to be one of very

More information

Keys to Your Financial Future Step 2.5: Credit Repair or Building Plan

Keys to Your Financial Future Step 2.5: Credit Repair or Building Plan 46 MODULE 2: Good credit Keys to Your Financial Future Step 2.5: Credit Repair or Building Plan Use the questions to develop your credit repair or building plan. Do you need to repair your credit history?

More information

The Benefits of Business Credit

The Benefits of Business Credit The The Benefits of Business Credit Published by David Gass This booklet is for: Individuals seeking a business loan or lease Business owners with excellent or poor personal credit Entrepreneurs who would

More information

Unlimited Business Financing Without A Personal Guarantee!

Unlimited Business Financing Without A Personal Guarantee! Unlimited Business Financing Without A Personal Guarantee! Now YOU Can Have ALL The Business Credit You Need Faster Than You Thought Possible! Finally a Business Credit Asset that will Rid You of Business

More information

1. 3 of the Most Popular Types of Business Funding

1. 3 of the Most Popular Types of Business Funding 1. 3 of the Most Popular Types of Business Funding Credit lines are what most business owners want access to. They are also one of the hardest types of financing to qualify for. To get approved for real

More information

The 8 Questions You Must Ask Before Working With Any Business Credit Building Company!

The 8 Questions You Must Ask Before Working With Any Business Credit Building Company! Special Alert Bulletin for Entrepreneurs and Business Owners Who Need Business Financing The 8 Questions You Must Ask Before Working With Any Business Credit Building Company! There are few business credit

More information

5 Essential Steps To Obtaining Business Funding

5 Essential Steps To Obtaining Business Funding 5 Essential Steps To Obtaining Business Funding Max Score Credit LLC 1700 Reisterstown Road, Suite 223 Pikesville, MD 21208 Toll Free: (800)910-2576 Web: www.maxscorecredit.com Over 95% of businesses fail

More information

Using Credit to Your Advantage.

Using Credit to Your Advantage. Using Credit to Your Advantage. Topic Overview. The Using Credit To Your Advantage topic will provide participants with all the basic information they need to understand credit what it is and how to make

More information

Hofstra North Shore-LIJ School of Medicine. Office of Financial Aid

Hofstra North Shore-LIJ School of Medicine. Office of Financial Aid Hofstra North Shore-LIJ School of Medicine Office of Financial Aid Consumer Credit and Your Credit Report Joseph M. Nicolini, MHA Director of Financial Aid What We Will Cover Consumer credit and credit

More information

When Finances Go Wrong - Debt

When Finances Go Wrong - Debt When Finances Go Wrong - Debt Very few people now have no debt at all after all a mobile phone contract, or your rent/mortgage are both debts. It becomes an issue for people when they cannot meet the payments

More information

CREDIT REPORTING FOR A SMALL BUSINESS

CREDIT REPORTING FOR A SMALL BUSINESS CREDIT REPORTING FOR A SMALL BUSINESS Objectives Northern Initiatives is committed to entrepreneurs like you, because you are the people who are creating jobs and enabling the communities of our region

More information

UNLIMITED BUSINESS FINANCING WITHOUT A PERSONAL GUARANTEE!

UNLIMITED BUSINESS FINANCING WITHOUT A PERSONAL GUARANTEE! UNLIMITED BUSINESS FINANCING WITHOUT A PERSONAL GUARANTEE! Now YOU Can Have ALL The Business Credit You Need! It s Easy When You Use Credit Rx America s Simple System To Get Rid Of Your Business Credit

More information

BUSINESS ASSET BUILDING Myfi Benefit & Funding Solutions, Inc.

BUSINESS ASSET BUILDING Myfi Benefit & Funding Solutions, Inc. BUSINESS ASSET BUILDING Myfi Benefit & Funding Solutions, Inc. THE NEED According to the Bureau of Labor Statistics, 74% of businesses fail within their first four years. Per SBA, the reason for their

More information

A Proven System for Financial Credibility

A Proven System for Financial Credibility A Proven System for Financial Credibility Today there are approximately 26.5 million small businesses in the United States and over 92% of these businesses leverage personal credit and business credit

More information

The Accessing Capital Workshop

The Accessing Capital Workshop The Accessing Capital Workshop Small Business Capital Access Strategies Toll-free: (800) 381-0073 Online: www.ar2credit.com 2009 Covenant Capital Corporation. All Rights Reserved. NET30 Advisors Who We

More information

The 8 Questions You Must Ask Before Working With Any Business Credit Building Company!

The 8 Questions You Must Ask Before Working With Any Business Credit Building Company! Special Alert Bulletin for Entrepreneurs and Business Owners Who Need Business Financing The 8 Questions You Must Ask Before Working With Any Business Credit Building Company! There are few business credit

More information

NOLO. Nolo s Guide to Limited Liability Companies: Forming an LLC

NOLO. Nolo s Guide to Limited Liability Companies: Forming an LLC NOLO Nolo s Guide to Limited Liability Companies: Forming an LLC Table of Contents LLC Basics...3 Limited Personal Liability for LLC Owners...3 Exceptions to LLC Owners Limited Liability...4 LLC Management...4

More information

Understanding Your Credit Report

Understanding Your Credit Report Understanding Your Credit Report What is credit? Credit is the use of someone else s money in exchange for a promise to pay it back on a given date. There are two major types of credit: Revolving and Installment.

More information

Business Credit Builder Questionnaire

Business Credit Builder Questionnaire Business Credit Builder Questionnaire Thank you for working with Vallexa Credit to build business credit for your company. We are looking forward to the opportunity to support your business and help it

More information

GET CREDITWISE SM SM

GET CREDITWISE SM SM GET CREDITWISE SM SM Table Of Contents October, 2006 Credit Matters 1 An introduction Establishing Credit 3 Begin building a solid financial base Using Credit Wisely 5 Narrowing your options Monitoring

More information

Thank you so much for having me. I m really excited to be here today.

Thank you so much for having me. I m really excited to be here today. Welcome to The Boomer Business Owner. My guest today is Ty Crandall. Ty is an honorary Baby Boomer, internationally known speaker, author, and business credit expert. With over 16 years of financial experience,

More information

By Dennis Henson. Building Business Credit

By Dennis Henson. Building Business Credit By Dennis Henson Building Business Credit Notes and Slides www.singlefamilyfortunes.com/businesscredit Seven Secrets of Success in Real Estate Investing 1. Get Your Mind Right 2. Seek Wisdom 3. Develop

More information

WHAT IS BUSINESS CREDIT?

WHAT IS BUSINESS CREDIT? 1 WHAT IS BUSINESS CREDIT? Why Do I Need Credit? Establishing a good credit rating is an important financial priority for every business. Having good business credit means that owners of businesses can

More information

Your Credit Repair Solution

Your Credit Repair Solution Your Credit Repair Solution Introduction Your Credit Report Solution will help you understand that there is help available for fixing your credit. Even though you might feel as though you are alone and

More information

Remember the Interest

Remember the Interest STUDENT MODULE 7.1 BORROWING MONEY PAGE 1 Standard 7: The student will identify the procedures and analyze the responsibilities of borrowing money. Remember the Interest Mom, it is not fair. If Bill can

More information

SPECIAL REPORT: 4 BIG REASONS YOU CAN T AFFORD TO IGNORE BUSINESS CREDIT!

SPECIAL REPORT: 4 BIG REASONS YOU CAN T AFFORD TO IGNORE BUSINESS CREDIT! SPECIAL REPORT: 4 BIG REASONS YOU CAN T AFFORD TO IGNORE BUSINESS CREDIT! 4 BIG REASONS YOU CAN T AFFORD TO IGNORE BUSINESS CREDIT! Provided compliments of: FIRSTUSA DATA SERVICES, LLC 877-857-5045 SUPPORT@FIRSTUSADATA.COM

More information

The TRUTH About Creating A New Credit File

The TRUTH About Creating A New Credit File Consumer Update! The TRUTH About Creating A New Credit File COPYRIGHT 2008 BY ZODIAC PUBLISHING CORPORATION (PLEASE DO FEEL FREE TO SHARE THIS REPORT WITH YOUR FRIENDS AND FAMILY. JUST MAKE SURE THAT YOU

More information

SPECIAL REPORT. How To Avoid Foreclosure!

SPECIAL REPORT. How To Avoid Foreclosure! SPECIAL REPORT How To Avoid Foreclosure! Homeowner Solutions, LLC Placing People Before Profits To Solve Real Estate Problems P.O. Box 5782, Aiken, SC 29804 Phone: (803) 602-3913 Fax: (877) 245-3646 www.housebuyingcompany.com

More information

PARTICIPANT GUIDE. Education Curriculum. Money. Smart. '\ \ I = ~ Financial / I ' ""I

PARTICIPANT GUIDE. Education Curriculum. Money. Smart. '\ \ I = ~ Financial / I ' I PARTICIPANT GUIDE ""I '\ \ I = ~ Financial / I ' Education Curriculum Money Smart Table of Contents Welcome... 4 What Do You Know? Credit Reporting for a Small Business... 5 Pre-Test... 6 Credit Reporting...

More information

Improving Your Credit

Improving Your Credit Teacher Homebuyer Guide to: Improving Your Credit By John Godbey, Founder and Broker of Teacher Homebuyer Real Estate Introduction Thank you for signing up for our Ebook "Improving Your Credit." We find

More information

FINANCING 101234 567890 123456

FINANCING 101234 567890 123456 FINANCING 101234 567890 123456 FINANCING 101 With a typical Hyundai Finance lease, you re covered for normal wear and use without having to pay additional charges at the end of the term. And while it s

More information

PNC Financial Education FINANCIAL OPS. Banking Solutions for Military Personnel. Credit: Self study Guide

PNC Financial Education FINANCIAL OPS. Banking Solutions for Military Personnel. Credit: Self study Guide PNC Financial Education FINANCIAL OPS Banking Solutions for Military Personnel Credit: Self study Guide Revision Date: 11/2012 PNC Financial Education:FINANCIAL OPS Understanding Credit We all have financial

More information

Understanding Credit. Megan Stearns, Credit Counselor

Understanding Credit. Megan Stearns, Credit Counselor Understanding Credit Megan Stearns, Credit Counselor Obtaining your free credit report will lower your credit score. Closing old accounts can help your credit score. Paying off the balances on your credit

More information

Lesson 11 Take Control of Debt: Are You Credit Worthy? Check Your Credit Report

Lesson 11 Take Control of Debt: Are You Credit Worthy? Check Your Credit Report Lesson 11 Take Control of Debt: Are You Credit Worthy? Check Your Credit Report Lesson Description Students take on the role of lender in the introduction to this lesson as they consider the information

More information

Credit Workshop. What I need to know about credit and lending products of financial institutions. Financial Education Supported by:

Credit Workshop. What I need to know about credit and lending products of financial institutions. Financial Education Supported by: Credit Workshop What I need to know about credit and lending products of financial institutions. Financial Education Supported by: Concept Checklist What will I learn today? [ ] What is Credit? [ ] Advantages/

More information

Informative Guide to Building Business Credit

Informative Guide to Building Business Credit Informative Guide to Building Business Credit www.businesscreditbuilder.info For more information email us at: Support@BusinessCreditBuilder.Info Distributed by: Innovative Tech Consulting, LLC Copyright

More information

Title 5, Section 7 of Publication Law 93-579 of Government Organization andemployees Act:

Title 5, Section 7 of Publication Law 93-579 of Government Organization andemployees Act: CPN SOLUTIONS Disclaimer This Credit Ebook has been developed solely for information purposes only. The author is not giving any advice on any subject, and are not giving legal, financial, or credit repair

More information

Using Credit to Your Advantage

Using Credit to Your Advantage Hands on Banking Using Credit to Your Advantage Credit Reports, Credit Scores and Dealing with Debt The Hands on Banking program is a free public service provided by Wells Fargo. You may also access the

More information

Managing your credit cards, scores and reports The do s and don ts

Managing your credit cards, scores and reports The do s and don ts Managing your credit cards, scores and reports The do s and don ts Copyright 2012 Vicki Wusche Helping you to Make More Money From Property www.mmmfp.com Credit cards the do s and don t Introduction I

More information

Additional borrowing guide 1. Additional borrowing. We re with you every step of the way

Additional borrowing guide 1. Additional borrowing. We re with you every step of the way Additional borrowing guide 1 Additional borrowing We re with you every step of the way Additional borrowing guide 2 What is additional borrowing? Sometimes you may be able to borrow extra money from your

More information

Credit: The Good and the Bad

Credit: The Good and the Bad Managing Your Credit Effectively Credit can be a valuable addition to your financial toolbox if you use it carefully and sensibly. Credit means someone is willing to loan you money called Principal in

More information

Exercise 4A: What Info Do You Need for a Loan?

Exercise 4A: What Info Do You Need for a Loan? Exercise 4A: What Info Do You Need for a Loan? What information do you think is needed to get a loan? Review several samples of loan applications to see what The Cost of Using Credit As mentioned earlier,

More information

The Truth About Credit Repair

The Truth About Credit Repair The Truth About Credit Repair Discover The Insider Secrets Of How The Credit System Really Works and How To Beat The Credit Bureaus At Their Own Game. David Shapiro Esq. Applied Credit Repair Solutions

More information

Blue Clover Financial s Money Code

Blue Clover Financial s Money Code Blue Clover Financial s Money Code Money Code Thank You For Attending! We hope to impart something new and of value to you. Additionally, if it is a good fit to work together, we look forward to adding

More information

ATTORNEY ADVERTISING

ATTORNEY ADVERTISING ATTORNEY ADVERTISING Some jobs are best not delegated. Improving your credit score and putting your finances in shape are best handled by you not by an ill-informed, uncaring, and heavily-marketed debt-settlement

More information

Business Credit Consulting Agreement

Business Credit Consulting Agreement Business Credit Consulting Agreement THIS AGREEMENT is entered into by and between Business Credit Advisor or Business Credit Coach ( Advisor ) Business Credit Consulting Client ( Client ) and the Business

More information

Factoring Costs The 10 Most Misunderstood Cost Drivers

Factoring Costs The 10 Most Misunderstood Cost Drivers Factoring Costs The 10 Most Misunderstood Cost Drivers Joe Sillay Executive Vice President Federal National Commercial Credit 7315 Wisconsin Avenue Suite 600W Bethesda, MD 20814 301.961.6450 FederalNational.com

More information

Fun, engaging and effective. Aligned with national financial education and core curriculum requirements.

Fun, engaging and effective. Aligned with national financial education and core curriculum requirements. Building Your Financial Foundation Adult Level Curriculum - Instructors Guide Fun, engaging and effective. Aligned with national financial education and core curriculum requirements. Lessons on: Credit

More information

Credit Reporting FOR A SMALL BUSINESS

Credit Reporting FOR A SMALL BUSINESS Credit Reporting FOR A SMALL BUSINESS Welcome 1. Agenda 2. Ground Rules 3. Introductions Objectives Explain the concept of credit reporting and the impact of credit reports on the operation or growth of

More information

Understanding your Credit Score

Understanding your Credit Score Understanding your Credit Score Understanding Your Credit Score Fair, Isaac and Co. is the San Rafael, California Company founded in 1956 by Bill Fair and Earl Isaac. They pioneered the field of credit

More information

Standard 7: The student will identify the procedures and analyze the responsibilities of borrowing money.

Standard 7: The student will identify the procedures and analyze the responsibilities of borrowing money. TEACHER GUIDE 7.2 BORROWING MONEY PAGE 1 Standard 7: The student will identify the procedures and analyze the responsibilities of borrowing money. It Is In Your Interest Priority Academic Student Skills

More information

A decision to file for bankruptcy should be made only after determining that bankruptcy is the best way to deal with your financial problems.

A decision to file for bankruptcy should be made only after determining that bankruptcy is the best way to deal with your financial problems. A decision to file for bankruptcy should be made only after determining that bankruptcy is the best way to deal with your financial problems. This booklet cannot explain every aspect of the bankruptcy

More information

Make a Smart Start Toward Financial Success SUNY ORANGE STUDENTS

Make a Smart Start Toward Financial Success SUNY ORANGE STUDENTS Make a Smart Start Toward Financial Success SUNY ORANGE STUDENTS A College Education is a Smart Investment High School Graduate $25,000 Some College $30,000 Associate s Degree $32,000 Bachelor s Degree

More information

online interactive questionnaire http://app1.sba.gov/survey/checklist/index.cgi

online interactive questionnaire http://app1.sba.gov/survey/checklist/index.cgi The Economic Development Office (EDO) is committed to assisting individuals who desire to start a small business in Dorchester County. The office strives to simplify the process of helping individuals

More information

INTRODUCTION. A guide for homebuyers

INTRODUCTION. A guide for homebuyers FINANCE GUIDE INTRODUCTION A guide for homebuyers The prospect of buying a home can be intimidating, particularly given the many changes to mortgage rules and requirements over the past several years.

More information

Short Term Loans and Lines of Credit

Short Term Loans and Lines of Credit Short Term Loans and Lines of Credit Disadvantaged Business Enterprise (DBE) Supportive Services Program The contents of this training course reflect the views of the author who is responsible for the

More information

Growing Your Company Without Debt

Growing Your Company Without Debt Growing Your Company Without Debt How Today s Small Business Can Get Cash by Tomorrow By Jeff Callender Dash Point Publishing Federal Way, WA Growing Your Company Without Debt How Today s Small Business

More information

K.4 Using Credit Wisely After Bankruptcy

K.4 Using Credit Wisely After Bankruptcy Appx. K.4 K.4 Using Credit Wisely After Bankruptcy Beware of Credit Offers Aimed at Recent Bankruptcy Filers Disguised Reaffirmation Agreement Carefully read any credit card or other credit offer from

More information

TABLE OF CONTENTS. CHAPTER 1: Credit Report.. Page 1. CHAPTER 2: Credit Score...Page 3. CHAPTER 3: Credit Reporting Agencies.

TABLE OF CONTENTS. CHAPTER 1: Credit Report.. Page 1. CHAPTER 2: Credit Score...Page 3. CHAPTER 3: Credit Reporting Agencies. TABLE OF CONTENTS CHAPTER 1: Credit Report.. Page 1 CHAPTER 2: Credit Score.....Page 3 CHAPTER 3: Credit Reporting Agencies.Page 6 CHAPTER 4: How to get a FREE Credit Report Page 8 CHAPTER 5: The 4 th

More information

Secrets to Business Credit. Monica Main

Secrets to Business Credit. Monica Main Secrets to Business Credit Monica Main Why Business Credit? Unsecured Business Lines of Credit and Unsecured Business Credit Cards To Use for Property Down Payments Mostly Can Be Used to Start or Expand

More information

Enter Here --->>> Business Credit Building Course Product Details

Enter Here --->>> Business Credit Building Course Product Details How long to build business credit, build credit for business, build up business credit, how to build credit for a business loan. Enter Here --->>> Business Credit Building Course Product Details Build

More information

Overview. Develop a plan Understand financial aid Be a responsible borrower Take charge of credit cards Understand your credit Prevent identity theft

Overview. Develop a plan Understand financial aid Be a responsible borrower Take charge of credit cards Understand your credit Prevent identity theft Lisa Croat and Andrea Clark Lunch provided by the Higher One Financial Literacy Counts Grant Overview Develop a plan Understand financial aid Be a responsible borrower Take charge of credit cards Understand

More information

Understanding Credit. The Three C s of Credit. What is a Credit Bureau?

Understanding Credit. The Three C s of Credit. What is a Credit Bureau? Understanding Credit By definition, the word credit has to do with trust. This is why credit impacts so many financial issues in our lives including the extension of a loan or credit card, how high an

More information

Money Doesn t Grow on Trees, But Getting a Business Loan is Easier Than You Think!

Money Doesn t Grow on Trees, But Getting a Business Loan is Easier Than You Think! Money Doesn t Grow on Trees, But Getting a Business Loan is Easier Than You Think! 10 Proven Steps to Get Funding by Dawn Fotopulos, Anita Campbell, and Rohit Arora. 1 Dawn Fotopulos An associate professor

More information

Familiarize yourself with laws that authorize and regulate vehicle dealership financing and leasing.

Familiarize yourself with laws that authorize and regulate vehicle dealership financing and leasing. W ith prices averaging more than $28,000 for a new vehicle and $15,000 for a used vehicle, most consumers need financing or leasing to acquire a vehicle. In some cases, buyers use direct lending: they

More information

How to Use Credit. Latino Community Credit Union & Latino Community Development Center

How to Use Credit. Latino Community Credit Union & Latino Community Development Center How to Use Credit Latino Community Credit Union & Latino Community Development Center How to Use Credit Latino Community Credit Union & the Latino Community Development Center www.latinoccu.org Copyright

More information

Building and Protecting Business Credit

Building and Protecting Business Credit Building and Protecting Business Credit Responsible credit management is essential to small business success. It can help your business get the money it needs when it needs it and at a good rate. Strong

More information

How do I get good credit?

How do I get good credit? Slide 1 Credit The information provided in this e-course is intended for educational purposes only and does not constitute specific advice for you as an individual. When evaluating your particular needs,

More information

Will Lenders or Banks do short sales if the mortgage is current?

Will Lenders or Banks do short sales if the mortgage is current? Frequently Asked Questions FAQ What is a short sale? A short sale is when your Lien Holder(s) agree to accept less than you owe in order for you to sell your home. They agree to a discount of the mortgage

More information

HOW TO BOOST YOUR CREDIT IN 30 DAYS OR LESS

HOW TO BOOST YOUR CREDIT IN 30 DAYS OR LESS HOW TO BOOST YOUR CREDIT IN 30 DAYS OR LESS By The Arizona Credit Law Group, PLLC A consumer rights law firm Learn how to improve your credit using 5 simple rules No tricks, no gimmicks, just facts. The

More information

Building a Strong Credit History

Building a Strong Credit History Building a Strong Credit History Having good credit improves your ability to get loans, insurance, credit cards, a job, an apartment, and gives you the chance to get lower interest rates on loans and credit

More information

ideas for a growing business

ideas for a growing business BUILDING YOUR CREDIT: A Case Study Lynne Blankenship owns, I ve Got The Blues, 1 a small designer jeans store in Brooklyn, New York. She s been in business for just over a year now and is looking to expand

More information

Spouses, ex-spouses and children are a major example of what causes credit report errors, identity theft and confusion of reporting data.

Spouses, ex-spouses and children are a major example of what causes credit report errors, identity theft and confusion of reporting data. Repair Credit? Repair Credit Scores? Is it Worth all the Extra Effort? 850 750 300 You should check your credit reports and official credit scores at least once a year, or more often, when you are preparing

More information

The Road to Good. How to Start Building Your credit with In-House Auto Financing

The Road to Good. How to Start Building Your credit with In-House Auto Financing The Road to Good Credit: How to Start Building Your credit with In-House Auto Financing I. Introduction II. What is a credit score? III. How credit scores are calculated Payment history Amount of debt

More information

Ipx!up!hfu!uif Dsfeju!zpv!Eftfswf

Ipx!up!hfu!uif Dsfeju!zpv!Eftfswf Ipx!up!hfu!uif Dsfeju!zpv!Eftfswf Credit is the lifeblood of South Louisiana business, especially for the smaller firm. It helps the small business owner get started, obtain equipment, build inventory,

More information

BETTER YOUR CREDIT PROFILE

BETTER YOUR CREDIT PROFILE BETTER YOUR CREDIT PROFILE Introduction What there is to your ITC that makes it so important to you and to everyone that needs to give you money. Your credit record shows the way you have been paying your

More information

Switching your mortgage deal

Switching your mortgage deal Switching guide 1 Switching your mortgage deal We re with you every step of the way Switching guide 2 Why switch? If you re thinking about switching your mortgage, you might not have to shop around. You

More information

What is Credit? What Different Types of Credit Are Available?

What is Credit? What Different Types of Credit Are Available? Credit and Debt What is Credit? Credit is a contract between a lender, such as a bank, a credit card company, or a store, and an individual or company. The lender provides the money or access to money,

More information

BUILDING A SMALL BUSINESS REPUTATION THAT MATTERS

BUILDING A SMALL BUSINESS REPUTATION THAT MATTERS BUILDING A SMALL BUSINESS REPUTATION THAT MATTERS Market credibility has become vital in an era when even a single online critique can threaten sales or partnerships. To establish and maintain credibility,

More information

Refinancing Your Home Loan

Refinancing Your Home Loan Refinancing Your Home Loan Part 1: Should You Refinance? Reasons and Strategies Related Topics Part 2: Refinancing Costs Part 3: Reconveyance A Final Step When You Pay Off a Loan Quick summary: If you

More information

What is a home equity line of credit?

What is a home equity line of credit? Page 1 of 5 ESPAÑOL (Revision forthcoming) If you are in the market for credit, a home equity plan is one of several options that might be right for you. Before making a decision, however, you should weigh

More information

BalanceTrack. The World of Credit Reports

BalanceTrack. The World of Credit Reports BalanceTrack The World of Credit Reports Credit reports and credit scores influence our lives in many ways. Your history of credit management can affect the cost of the credit you receive, your ability

More information