Category: Personal Credit

3 Ways to Boost Your Business Despite Poor Credit

3 Ways to Boost Your Business Despite Poor Credit

You’re starting a new business, you need financing, and you need it now. Unfortunately, your less-than-stellar credit scores are putting you in a higher risk category than traditional lenders and credit card companies are comfortable working with. The bad news is that your credit scores are going to remain a thorn in your side for as long as they remain low. The good news is that there are tried and true methods of raising them, and that you do have… Read More
How Fast Can You Take Care of Your Credit?

How Fast Can You Take Care of Your Credit?

Advertiser's Disclosure You’ve got a great business opportunity, but there’s just one thing stopping you: money. With the right financing you could move forward, but your credit score isn’t where it needs to be to get funding. What can you look for in your scores to take care of a poor score and what can you do to get there? Here are some common ways you can quickly move your score in the right direction. Keep in mind these aren’t set… Read More
Are Unauthorized Business Accounts Hurting Your Credit?

Are Unauthorized Business Accounts Hurting Your Credit?

If someone opened a loan, line of credit, or account in the name of your business, would you know? It’s a question some business owners may want to ask themselves, especially in light of reports that some of the unauthorized accounts opened by Wells Fargo employees were business-related and allegedly included business credit cards. Most business credit cards and many business loans are not reported on consumer credit reports. Wells Fargo is typical of most major small business card issuers… Read More
One in Five Business Owners Make This Big Money Mistake. Do You?

One in Five Business Owners Make This Big Money Mistake. Do You?

It’s a common mistake many owners make when they establish their businesses. Then they get busy, overwhelmed, or both, and they don’t fix it. What is that mistake? Failing to establish separate business and personal bank accounts. According to a new survey and white paper by Manta and Nav, nearly one in five business owners (17.71%) surveyed do not have separate personal and business bank accounts. More women than men reported not separating the two: 21.88% of women surveyed said they had… Read More
Smart Credit Strategies For Entrepreneurs Webinar

Smart Credit Strategies For Entrepreneurs Webinar

When you’re a business owner, strong personal and business credit scores can be an asset by helping you qualify for a business credit card, better terms with suppliers, an SBA loan or other types of funding that can help your business grow. But, too often business owners put their personal credit at risk because they don’t understand how to properly separate their business and personal finances. Kiva and Nav recently teamed up to educate small business owners about smart ways… Read More
What Small Business Lenders Have to Tell You When You Apply for Credit

What Small Business Lenders Have to Tell You When You Apply for Credit

When Nav surveyed small business owners we discovered that nearly a quarter of those turned down for business financing said they don’t even know why they were turned down. If lending is such a highly regulated industry, how is that possible? There’s a simple explanation. The laws that give consumers detailed information when they are turned down for loans don’t always apply to business loans, and as a result, entrepreneurs are sometimes wondering why they didn’t get the financing they… Read More