Category: Personal Credit

John Oliver Destroys Credit Reports; But Here’s What He Missed

John Oliver Destroys Credit Reports; But Here’s What He Missed

John Oliver, host of HBO show Last Week Tonight, fired shots at the personal credit reporting industry this past Sunday on his latest episode, questioning why three numbers play such an pivotal (and sometimes damaging) role in our lives. Oliver points out how simple errors on personal credit reports can negatively impact someone’s life, mainly due to the lack of regulation on background checking companies. But he failed to mention business credit reporting, which has even less regulation and more potential… Read More
Protect Your Credit Scores From Your Business

Protect Your Credit Scores From Your Business

Recently I spoke with an entrepreneur who is running into a common hurdle while trying to grow his business: his business is killing his personal credit scores. There are no delinquencies on his credit reports, but he has a lot of revolving credit and total limits much higher than average. That’s not the problem, though. High credit limits in and of themselves generally don’t damage credit scores. Instead, it’s his balances that are bringing down his scores. He’s maxed out… Read More
The Truth About The Type of People Who Focus on Their Credit

The Truth About The Type of People Who Focus on Their Credit

Conventional wisdom says that people with good credit must all be financially savvy, fiscally responsible sorts with glowing credit reports and beautifully balanced checkbooks. While that may very well be true of a lot of these people, conventional wisdom is conventional for a reason, and variables like risk-taking, education, adversity, and dumb old luck have a say when it comes to the question of keeping one’s financial house in order. After all, the flipside of the conventional wisdom under discussion… Read More
How to Shop for A Business Loan Without Hurting Your Credit Scores

How to Shop for A Business Loan Without Hurting Your Credit Scores

A high credit score improves your chances of getting approved for a business loan, but credit inquiries during your loan shopping process could lower your scores – how does that work?! The situation sounds like a catch-22, but you can minimize the negative credit impact of your search with a few strategies. Understanding Inquiries Your credit score reflects multiple factors, such as your credit utilization, age, account diversity and ratio of revolving credit lines. Credit inquiries can impact your credit… Read More
The Huge Credit Mistake This Expert Says You Must Avoid

The Huge Credit Mistake This Expert Says You Must Avoid

Jeanne Kelly is the author of The 90 Day Credit Challenge. A credit coach and speaker, she became interested in credit after being turned down for a mortgage fifteen years ago. She has since become a recognized authority on credit, and her articles have appeared on numerous websites. We've asked her to share insights she's gleaned from her work with consumers across the country. Are there common misconceptions about rebuilding your credit that you often hear from readers and clients?… Read More
Podcast: Personal VS. Business Credit Scores

Podcast: Personal VS. Business Credit Scores

"SMBs need to take care of personal and business credit scores."   [Editor's note: This podcast originally aired on Lendio.com as part of their Business Fuel Podcast series.]  In this interview, Nav's Founder, Levi King, discusses: The difference between personal and business credit Why small business owners should pay attention to both How to make your business attractive to any lender   From the transcript: Patrick Wiscombe:  Well let’s bring in Levi King. He’s the founder and owner of Nav.… Read More