CREDIT! The magic word with the magic touch! The subject of credit and the impact credit has on the lives of numerous people around the world is a fascinating tale to tell. From business needs, to personal finances, paying for that mortgage or renting that...
How is a business credit score established? What are your best chances of securing a loan? Below are some factors that can affect the future of your business credit and how to get the best off them: Payment History – Payment history is a very...
There are five Cs in business credit, and they are: 1. Character 2. Capacity 3. Capital 4. Conditions 5. Collateral Character is what defines you. It’s about your stability, personal history and level of reliability. This particular variable is more subjective which is why it is more...
As a consumer you’ve learned the importance of establishing a good credit rating with your lenders. Whether you are shopping for a new home or auto, or searching for the best deals on insurance, your credit worthiness will be judged by your credit rating or...
Many people don’t really understand how consumer credit systems work, and many more are ignorant about how a business credit system operates. Am going to talk about some common “myths” associated with business credit and differentiate the facts from fiction in this article. Myth #1: There’s...
If we’re talking about the business world, Paydex score is the biggest credit score and it is a product of Dun and Bradstreet. They assess the lending risk of businesses the same way consumer credit scores are able to reflect the individual credit risk of...
If you file your taxes electronically and allow the government to deposit your refund directly into your checking account, the Internal Revenue Service promises to refund your money within 21 days. Before 2012, you could get the money sooner through a refund anticipation loan offered...
For the vast majority of taxpayers, there is not much need to worry that you will be audited. In 2016, only 0.6% of individual income tax returns were audited according to the IRS 2017 Data Book. Why? For starters, the IRS budget has been cut resulting...