Struggling businesses seem to be common in today’s market. Statistics indicate that 99% of all new businesses will fail within the first 5 years of being in business, and only 30% will survive more than 10 years. Those are staggering statistics and may make you rethink owning a business. Do You Have What It Takes…
Don’t wait for the time when you’ll be denied of a loan or credit. Look into your credit report to avoid inaccurate or missing information in your credit report. It is important to check credit report to avoid raising your borrowing costs or even experience delays in making a major purchase. Here’s a list of…
Three out of ten American adults admitted that they do not know their credit score. Here’s another reason why you should check credit score regularly. There are certain occupations that regularly check an applicant’s credit score according to the Society for Human Resource Management (SHRM) on their report last 2012. These are as follow: 1)…
The credit review is divided into three evaluation timeframes. And alongside each time frame are little-known credit record facts that are essential to your understanding or your Credit Score. The three-time frames are 12 months, 24 months and 48 months. First Time Frame: Twelve Months This frame may be called the “Payment” frame; this usually includes…
You may be looking for a new outlet for your next big business endeavor — have you ever thought about starting a janitorial cleaning company? With a surprisingly low start up and a recession-proof business plan, janitors are always in demand and you can find that starting a company like this can be a great…
Equifax, TransUnion, and Experian are the three major credit bureaus. Each bureau tracks information as to how consumers use their credit. For that reason, they individually have a database where they maintain consumers FICO credit scores. Having then three credit reports that usually vary, often becomes significant especially when consumers check their credits regularly. When…
Many people assume that bad credit means that you will have to get credit cards after putting down a significant amount of cash to do so. Did you know it’s possible to get bad credit credit cards, no deposit required? While it may be harder to get credit cards, the truth of the matter is…
Do check credit report regularly. For the past years, an average of 66.67% Americans was traced to have not checked their credit reports. Don’t pay your credit card late. Even if late payments are not reported to credit bureaus until a month of overdue, paying a bill late is never a good idea. You may…
You may be wondering for your business, especially if you are running a cleaning business, if there will be a time to purchase business insurance. Now more than ever it is actually incredibly beneficial and part of standard safety procedures to have insurance for your business. You may be asking if there are certain businesses…
SBA loans aren’t the only game in town; there are some alternatives to these loans that many small business owners might not know about. When you break it down, a SBA loan is still just a bank loan and if you treat it as such, it will still come down to many of the same…