Category: Personal Credit

10 States With the Best Business Credit Scores in 2018

10 States With the Best Business Credit Scores in 2018

It’s good to be a business owner in the Aloha State. Not only do they live in a notoriously beautiful place, Hawaiian companies have the highest credit scores of any U.S. state, averaging a business credit score of 54.6 on the Experian Intelliscore Plus℠ scale of 0 to 100. Hawaii’s credit score is considered low- to medium-risk. Businesses with scores in this range typically find it easier to qualify for loans with the best terms and lower interest rates. According… Read More
The Best High Limit Business Credit Cards

The Best High Limit Business Credit Cards

When it comes to making purchases for your business, a small business credit card can be one of your most important tools. But too often, business users don’t receive a line of credit large enough to meet their needs. You may need a high-limit business credit card to enable short-term financing for key purchases, or you may need the spending power to realize the rewards or benefits of a credit card instead of using another form of payment. Thankfully, there… Read More
4 Credit Card Perks That Side Hustlers Will Love

4 Credit Card Perks That Side Hustlers Will Love

Are you working a side hustle? There’s no shortage of successful business owners who began by starting their business during the evenings, weekends or whenever they had a free moment outside of their job. And just because your side hustle isn’t your full-time gig yet, it doesn't mean you can't open a small business credit card and enjoy all of its rewards, perks and benefits (it can also help you establish business credit). But there are some perks that are… Read More
You Can Finance Your Business With Your Home’s Equity, But Should You?

You Can Finance Your Business With Your Home’s Equity, But Should You?

Cash-strapped entrepreneurs often find themselves turning to personal sources of funding for their businesses, whether that’s personal credit cards or a personal loan. Also on that list of financing sources: home equity loans or lines of credit (HELOC). These loans can be easier to get than some small business loans (especially for startups), interest rates are often lower than unsecured loans, and best of all, the interest may be tax deductible. The new tax law takes something of a swipe… Read More
The Right Way to Close a Credit Card

The Right Way to Close a Credit Card

Did you know that there’s a right way and a wrong way to close your small business credit card? If you do it the wrong way, you could miss out on rewards and benefits, and possibly even incur late fees and interest payments. Use these steps to make sure that you close your credit card account the right way. Consider Alternatives to Closing Your Account There are some good reasons why you may wish to close your small business credit… Read More
What Do Credit Scores Tell Us About the Health of the Economy?

What Do Credit Scores Tell Us About the Health of the Economy?

Most headlines these days are telling us that the economy isn't in the most stable position due to the pandemic, war, fuel prices, inflation, and the potential to be heading to a recession.  Experian’s State of Credit report from 2021, an analysis of all things credit, details the geographical and generational breakdown of average credit scores, how much credit consumers are using, and how they are paying it back. The report essentially tells us that credit use remained nearly steady… Read More