You see the ads everywhere: “Apply Now” “Eligibility Guaranteed” “Fast Approval.” But no one every tells you the magic number needed to actually secure a loan, especially if you have little or no collateral. A personal loan provides you with a lump sum of money to use for large purchases, emergency expenses, or to consolidate […]
Credit Score
Improving Credit Worthiness: A Small Business Guide
Acquiring funding and improving creditworthiness is quite challenging for SMEs. Businesses require capital for a variety of reasons, from operational to expansion. They seek out financiers to increase their creditworthiness and working capital. That said, their creditworthiness is critical to ensuring that they can acquire the funds necessary to operate efficiently. Credit worthiness is assessed […]
7 Quickest Ways to Improve Your Small Business
Making continual improvements to your small business is essential to ensure ongoing growth and success. Activities like consistently monitoring your cash flow, using social media for marketing purposes, and knowing your strengths are essential. After all, if you know your strengths, you also know what areas need attention and improvement efforts. Regardless of if you […]
5 Ways to Boost Your Small Business Credit Rating
Photo Courtesy of iStock.com Small business owners spend their busy days dealing with customers, negotiating with vendors, and finding ways to improve their companies. While dealing with so many responsibilities, many owners can neglect to care for their credit rating, which can help their business grow and thrive. Your business credit rating is one of […]
5 Surefire Ways to Keep Your Credit Score High
Despite everyone’s best guess, consumer credit scores have increased during the coronavirus pandemic, according to a recent story published in The Wall Street Journal. Experts attribute the uptick to the government’s stimulus relief package and the payment deferments lenders and credit card companies granted customers who lost their jobs or fell on hard times as […]
7 Possible Reasons Your Credit Score Decreased
While consumer credit scores overall are increasing, that may not be the reality for everyone. If yours has dropped recently, here are seven possible reasons why. 1. You paid late or missed a payment Paying on time is the single most important factor impacting your credit score. It constitutes 35% of your FICO Score and 41% of […]
Pros & Cons of Freezing Your Credit
In a world where data breaches are increasingly common, many Americans are taking action to protect against credit and identity fraud. Freezing your credit (also called a security freeze) can be an effective way to ward off identity thieves and save yourself a lot of headaches and money down the road. A credit freeze temporarily suspends anyone […]
How to Improve Your Credit Score
If you’re trying to improve your credit score, the first thing you’ll want to do is understand how credit works and which actions can positively impact your credit score. Fortunately, the basics aren’t too hard — pay bills on time and don’t carry a lot of credit card debt. But the details and complexities can […]
4 Money Moves all Business Owners Need to Make
Are you a small business owner? What about an aspiring entrepreneur? If so, then you need to get your personal finances in order. These four money moves we discuss today will help you make the most of your money so you can focus on what matters, growing your business and becoming successful. Ultimately, these tips […]
When & How to Use a Payday Lender & Other Financial Tips
Amidst the pandemic, lenders are providing opportunities to help borrowers tackle their financial difficulties. Many lenders are offering loan extensions for a couple of months, reducing the interest rates and other flexibility options. Any future repayments that you encounter have to be made after taking precautions. Ensure that you obtain secure written documentation of the […]
