When starting a business, the ideal situation will be to jumpstart your endeavor when you have the resources to do so. When you have the money – and have access to more money -- you are in a better position to give your business its best chance for success. You can buy the equipment, materials, and inventory you need; you can hire the best talent to support your start-up; and … [Read more...] about How to Start a Business with Bad Credit
Personal Credit
How to Use Business Credit Cards to Build Business Credit
The problem with using existing personal credit cards is that you will never establish business credit with them. On top of that, you load up your personal debt-to-income ratio with expenses of a business nature. Then, if you need a personal loan for a home, automobile, or other emergencies, you may not be able to get it. Another problem is that using personal credit in the … [Read more...] about How to Use Business Credit Cards to Build Business Credit
How to Pay Off Debt in Collections
Imagine a tranquil pond, untouched, and its water pristine. As time progresses, a stone is tossed into this pond, creating ripples that distort its stillness. Your financial life is this pond, and debt is that disruptive stone. When we let these ripples amplify, they transform into overwhelming waves, such as accounts heading into collections. Much like the ripples in the pond, … [Read more...] about How to Pay Off Debt in Collections
Building Credit In Your 20s
You’re either still in school or recently graduated, and during these heady times, when you’re just starting out and your whole life is before you, your credit score may not be a priority. In fact, you may not have thought much about it at all. The reality, however, is that now is the perfect time for you to be establishing credit, since you’ll need it for nearly every big … [Read more...] about Building Credit In Your 20s
Is it Better to Pay Bills Weekly or Monthly?
Most bills come on a monthly basis. For this reason, many people intuitively think paying bills once a month is the best course of action. But this isn’t necessarily true for everyone. Consider whether it’s better to pay bills weekly or monthly for your specific situation. Do You Need to Lower Your Credit Utilization Ratio? Your credit utilization ratio is one of the top … [Read more...] about Is it Better to Pay Bills Weekly or Monthly?