Category: Personal Credit

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

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

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

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

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)

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

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

3 Ways to Boost Your Business Despite Poor Credit

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?

How Fast Can You Take Care of Your Credit?

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
Are Unauthorized Business Accounts Hurting Your Credit?

Are Unauthorized Business Accounts Hurting Your Credit?

If someone opened a loan, line of credit, or account in the name of your business, would you know? It’s a question some business owners may want to ask themselves, especially in light of reports that some of the unauthorized accounts opened by Wells Fargo employees were business-related and allegedly included business credit cards. Most business credit cards and many business loans are not reported on consumer credit reports. Wells Fargo is typical of most major small business card issuers… Read More