2009 August | Business Credit

Start Business Credit: Business Line of Credit

29. August 2009

A business line of credit is financing tool offered by most business banks. In a nutshell it’s a source of capital that you can access at any time up to a certain amount agreed upon by you and the bank.

Top 10 Business Credit Building Mistakes

17. August 2009

9 Comments

While many small business owners realize the benefits of starting business credit there are many mistakes that are made in the business credit building process. I felt that compiling a list of the most common mistakes I’ve seen throughout the industry can serve as a helpful guide to you.

Top 4 Reasons Not to Use Personal Credit for Business

13. August 2009

2 Comments

Statistics show that over 65% off all small businesses use credit cards on a regular basis; but the problem is less than half of those credit cards are actually in the business name. The others continue to use the owner's personal credit cards for business transactions. Using your personal credit, also known as you're "Consumer Credit Profile," instead of establishing Business Credit is a bad idea on many fronts.

FICO Vs. Credit Bureaus – Let the Battle Begin

1. August 2009

14 Comments

It's not a surprise that Fair Isaac, the creator of the good ole FICO score got the go ahead from the court to pursure it's lawsuit against the credit bureaus for trademark infringement.