Ultimate Guide to Selecting the Best Credit Card to Build Credit

Are you searching for the best credit card to start building your credit history? You ought to make sure you get one that suits your immediate needs. After that, you must use your credit card wisely to gain financial freedom.

Business credit card for building credit

Here’s the ultimate guide to selecting the best credit card for you.

Identify the primary purpose of getting the credit card

What’s your aim for signing up for a credit card? If you are seeking a credit card for general spending, then you will look for a card with the least interest rates as well as generous rewards. Or do you want a credit card to build your credit score?…

Continue reading

Making an Impact on Your Credit History

Bad credit can be a serious problem for your future. When you’re looking to take out a loan or begin your own company, having the right score can make all the difference. Those who have low scores are often viewed as a risk by lenders and are denied the chance at finding fair financing options. While you might not be able to change your score in an immediate way, there are several steps you can take to make a positive impact on your score.

improving credit score

Give yourself a moment to take a look at some of these ideas on how you can improve your score.…

Continue reading

Understanding Your Credit Score

If you happen to be a person who generally takes up bank loans, then you’d perhaps be aware of the significance your credit score holds. Simply put, credit score is a numerical expression of a person’s creditworthiness. Credit scores allow lenders to access the borrower’s financial soundness.

Good credit score

What is categorized as ‘good credit score’?

Generally, a credit score in excess of 700 is considered ‘good’. If your credit score is over 850, you will fall under the “excellent” category. A credit score of below 600 is considered “poor”. If availing credit facilities at cheaper interest rates happens to be your goal, then maintaining a credit rating of over 750 is advisable.…

Continue reading

How Good is Your Business Credit Score?

Your business credit score reflects your firms’ responsibilities and values. While it’s easy to view money as something to hoard and churn out alone, your credit score however is also a symbol of your success. It signifies to others what you’re capable of, and what you may go on to achieve. If you need a loan from a bank, want to lease an office space or seek an investment, the business credit score is the data they’ll use to judge you to see if you’re worth their time and money.

Tips for boosting business credit score

The difficulties aren’t too far apart from the personal credit score, in the end.…

Continue reading

How Personal and Business Credit Can Make or Break Your Business

“The Nav American Dream Gap Survey, 2015, revealed of small business owners surveyed, 45 percent did not know they have a business credit score, 72 percent did not know where to find information on their business credit score and 82 percent didn’t know how to interpret their score,” reports the U.S. Small Business Administration.

Credit score

Despite the important role business and personal credit play in owning a business, many business owners aren’t aware of the credit factors that influence their businesses. These factors can make or break the future of a business: their ability to grow, receive funding, acquire partners, etc.…

Continue reading

A Helpful Guide to Credit Repair for Business Owners

Let’s be honest; it’s not uncommon for business owners to have personal finances which are in the toilet. It’s tough to start a business, no matter who you are.

If you are like most people, you weren’t independently wealthy when you started your business. Your new company was a big risk. It probably still is.

In the early days of a new business, entrepreneurs have to spend incredible amounts of time and energy on their big idea in order to have it take hold in the real world. During this time, it’s common for other aspects of life to suffer as a result: including personal credit health.…

Continue reading