Business Credit Video
Watch my short video recording with AllBusiness covering the following question:
What are the advantages of business credit compared to personal credit?
- Social Security vs Federal Tax ID
- Single Personal Credit File vs Unlimited Company Files
- Limited Credit Capacity vs Unlimited Credit Capacity
- FICO® Credit Score Algorithm vs Paydex
What are the some of the ways that business credit has helped your business?
Ready to start building corporate credit? Become a member of my Business Credit Insiders Circle and gain access to a proven step-by-step business credit building system. A system that provides you access to premium vendors, business credit cards, funding sources and lenders that report to all the major business credit bureaus. Submit your name and email below for details and receive a free audio seminar ($597 value) =>
About the author
Marco Carbajo is a business credit expert, author, speaker, and founder of the Business Credit Insiders Circle. A business credit building program helping business owners establish business credit. He is a weekly columnist for Dun & Bradstreet Small Business Solutions, a business credit blogger for All Business & American Express Small Business and author of “Eight Steps to Ultimate Business Credit” and “How to Build Business Credit with No Personal Guarantee.” His articles and blogs have also been featured in Business Week, The Washington Post, The San Francisco Tribune, Scotsman Guide, Alltop, Entrepreneur Connect, and Active Rain.
June 2nd, 2010 at 7:51 am
This blog about business credit and financing is unique and enlightening. Thanks Marco for providing such great information!
-Sunoj
June 2nd, 2010 at 10:18 am
Thank you Sunoj! Appreciate the feedback and best of success with your Karmiccoach business!
Marco
June 2nd, 2010 at 12:23 pm
Nice little video. Despite being a financial guy most of my career, I never thought much about the differences other than the obvious Fed ID number, which I have but have never used for credit purposes. What you said also hit a nerve on how slanted the consumer credit rating system is for the banks and bureaus. Of course, “Follow the money.” one of my favorite sayings. Both the banks and bureaus make more money when people have any little credit blip so no surprise here.
June 2nd, 2010 at 1:01 pm
Thanks for the comment Ron and how right you are. It’s amazing how even a couple of point difference on a consumer credit score can cost a consumer literally hundreds if not thousands of dollars in interest. Luckily there are creative ways to increase scores but far too many have no idea how to go about doing so.
Guess that’s why I’m such a big advocate on business credit.
All the best,
Marco
June 2nd, 2010 at 7:48 pm
I agree with the comments that I am reading here. I just wish there was a magic bullet for this.
June 3rd, 2010 at 6:53 am
Unfortunately the credit system won’t get any easier for consumers. Not sure if you heard the news but DNB is merging its data with Transunion so that should be real interesting to see what transpires over the next several months.
All the best,
Marco