Category: Personal Credit

Here’s Why a Late Payment Totally Wrecks Your Credit Score

March 20, 2017 Kali Geldis

As more and more Americans have become credit-aware in the past few years, late payments have become the stuff of nightmares, and justifiably so. If you're one of the millions of Americans who have worked long and hard to improve your credit scores since the recession, making one late payment and seeing your scores dip 30, 40, perhaps even 50 points can be soul-crushing. Here's why late payments do so much damage and what you can do to prevent them,… Read More

How Do I Get a Business Loan to Start My Business?

March 6, 2017 Lydia Roth

For many budding entrepreneurs, a small business loan may seem like the best option for getting your endeavor off the ground. However, most banks and lenders require criteria that a newly launched business won't be able to meet. What are those requirements, and what are your alternatives if you can't meet them? Here's what you need to know. Requirements for Traditional Business Loans When you apply for a traditional business loan, a lender will look at your personal and business'… Read More

You May Be Able to Get Collection Accounts Off Your Credit Report Sooner Than You Think

February 6, 2017 Gerri Detweiler

While shopping for a home to buy, Ryan discovered through his credit monitoring service that a collection account had hit his credit reports. His credit score dropped, and he was worried it could jeopardize this ability to get a mortgage. “I had no idea what it was,” he says. He wanted it off his credit. After doing some research online, Ryan (he asked his last name not be used) connected with Michael Bovee of Consumer Recovery Network who helped him… Read More

How to Start a Business With a 600 Credit Score (or Less)

January 25, 2017 Lydia Roth

Those involved in real estate "fix and flip" deals will routinely inform associates, partners, and other members of their network that you must "guard your credit score, just as you would guard your life." They say that your ability to obtain credit is essential to wealth building aspects. While I'm not involved in any real estate "fix and flip" deals, I certainly agree that as any type of entrepreneur, you should "guard your credit score just as you would guard… Read More

3 Ways to Boost Your Business Despite Poor Credit

January 12, 2017 Lydia Roth

You’re starting a new business, you need financing, and you need it now. Unfortunately, your less-than-stellar credit scores are putting you in a higher risk category than traditional lenders and credit card companies are comfortable working with. The bad news is that your credit scores are going to remain a thorn in your side for as long as they remain low. The good news is that there are tried and true methods of raising them, and that you do have… Read More

How Fast Can You Take Care of Your Credit?

December 13, 2016 Gerri Detweiler

Advertiser's Disclosure You’ve got a great business opportunity, but there’s just one thing stopping you: money. With the right financing you could move forward, but your credit score isn’t where it needs to be to get funding. What can you look for in your scores to take care of a poor score and what can you do to get there? Here are some common ways you can quickly move your score in the right direction. Keep in mind these aren’t set… Read More