Posts Tagged ‘personal credit’
Concerning Business: What does "EIN" and "D and B" mean?
Does "EIN" stand for "Employer Identification Number"? D and B: "Dunn and Broad-street"? This last definition I'm not sure of the spelling. I am trying to help a friend who owns/operates a small child day-care. She has been in business for 5+years but has terrible personal credit. I was asked to research the [...]
If money is not an issue, what is the best way to increase my FICO credit score?
Please help me with suggestions on how to raise my FICO credit score. I understand the rules of improving this and am not looking to break any laws, just want some guidance removing negative items and boosting my scores. There's no use crying over spilled milk so discussing the reasoning for receiving these negative items is moot, I just want help [...]
If I am a disregarded entity for tax purposes, can my personal income taxes be offset?
I received a letter from the SBA(small business administration) that says that my debt to them can be offset. I filed a personal chapter 7 and included it in my debt, but when I talked to them they said that it can be collected upon through the business since I did not close it. The fact is that I have other lines of credit that I am paying that [...]
If my corporation get sued by client and they win would it will effect my personal credit?
I have a corporation and i provide service to get line of credit for small businesses, and their is one client who already sign the contract and its said in the contract if they cancel for any kind of reason they cannot get their money back and he already sign and agree on that but when the market go bad and his credit also screw up he said that [...]
How should I invest the money I have acquired?
I opened a small business from home a year ago and it is still in operation. Last year I made saved ,000.00. I want to purchase a home with that money (0,000.00) but my personal credit score is still below 620. I have paid everything off, written to my credit companies, and have tried getting a new line of credit, etc... i also incorporated my [...]
can my company's corporate credit score effect my personal credit score?
Because of the current economy my small business, which is incorporated is unable to make payments on its credit lines. Will it effect my personal credit score if payment are on late on a corporations Credit line?
How legitimate is a company that offers you business credit when your personal credit is poor?
I'm doing research for a friend who owns/operates a small childcare service. She's been in business for 5+years. But her personal credit rating is very poor. She heard about, and asked me to explore, "companies" that offer BUSINESS CREDIT for a fee of 9 and up, and do not hold your personal credit rating against you. In other words [...]
Raise low credit score ?
i have a small business whith no credit line sometimes i have as much as 50k in ac so i use my credit cards for cash flow but they get maxed out and the when we get paid from a big job we pay them off but they get maxed out all over again.so my credit score is low and no bank will give me the time of day we've been in business for 3 years. the [...]
small business loan not being renewed- help!?
About 10 years ago I used to have a business. I opened a line of credit for that business, and guaranteed it personally (it was the only way to get the LOC). For 10 years even though the business is no longer in existence I have been faithfully paying that loan back every month, on time. Some months I have paid back more than the minimum [...]
small business loan not being renewed?
About 10 years ago I used to have a business. I opened a line of credit for that business, and guaranteed it personally (it was the only way to get the LOC). For 10 years even though the business is no longer in existence I have been faithfully paying that loan back every month, on time. Some months I have paid back more than the minimum required, [...]
How can I start a credit line for new small business?
My business is really small and sort of new (2 years) I just don't know how to start a credit score for it. My personal credit is not perfect. I have applied for some business credit cards but I just can't be approved. Please advice how this works for new small business
Business credit?
Will establishing a business line of credit help our personal credit rating? My wife owns a small business and we have received many offers for credit so she's curious.
Business credit question?
Does "EIN" stand for "Employer Identification Number"? D and B: "Dunn and Broad-street"? This last definition I'm not sure of the spelling. I am trying to help a friend who owns/operates a small child day-care. She has been in business for 5+years but has terrible personal credit. I was asked to research the [...]
What is the best chance for a person new to credit to get approved for a card or loan?
I'm 23, not currently a student (so I can't apply for student credit), I co-own a business, I don't own a home or a car, my credit score is 704 (on Transunion), I have one store credit account with Macy's (limit 0) and one credit card which I opened with Best Buy (limit 0). Both of them are currently paid off. I opened the Macy's account in [...]
Where can we get a business line of credit or loan?
We are looking for a ,000 loan or credit line for our business. We have been around for almost two years and we have good collateral through real estate investing. We also have good personal credit. We have not applied before but now we would like to have access to reserves credit to pile cash. Should we look at some small local banks or a [...]
Why does a small business have to pay a fee in order to get a credit report built & scored?How to do quicker?
Dun & Bradstreet was paid in March to create a PayDex score and credit file on my 8 year old business. Now that they have the money, they say that the creditors I listed are NOT D&B members, so D&B can not use them as a reference. D&B will not return any money paid to perform the service they were paid to do. As a small business, [...]
Difference between personal and small business credit?
Do credit bureaus differentiate between personal and small business credit scores? If so, does building up a small business credit score encompass the same practices as building personal credit? If one has a personal card with a particular creditor, then open a small business, would that creditor use any of their payment history/credit lines as [...]
Where is the best place to go to get a commercial real estate loan?
I am looking to start a bar in Chicago, IL and I know the building that I want to acquire. I have a partner who is able to put 0-400K into the project but the building itself will cost between 0K-M to acquire and will require anywhere from 0K-200K to restore and convert. I would like to know the best place to go for a commercial real estate loan [...]
