- Incorporate or form an LLC for your business! If you have not done this yet, call Nevada Corporate Planners, Inc. at 1-888-627-7007!
- Stop using your personal credit cards to finance your business.
- After you form your LLC or corporation for your business, apply for a business credit card in the name of the LLLC or corporation.
- Set up a plan to pay down your personal revolving debt to the 5-20% range. Fist, develop a 8 month personal emergency fund. If you require $6K per month to live personally that means you will need $48K in savings first for your personal emergency fund. After that, start to pay down your personal credit cards. Do not pay them off each month. You will improve your credit score by leaving a small balance of 5% each month.
- Set up a merchant account to accept credit cards for your business. For the best rates and service contact Nevada Corporate Planners, Inc. at 1-888-627-7007 for a referral.
- Develop a D & B® profile for the LLC or Corporation. We would recommend you do not do this on your and contact Nevada Corporate Planners, Inc. at 1-888-627-7007 for options in this area. Continue reading →
Entries Tagged 'Personal Credit' ↓
The Master Implementation Guide to CA$H for Your Business!
February 8th, 2010 — Business Credit, Dun and Bradstreet®, Incorporation, Merchant Accounts, Personal Credit, Starting a Business
Could Your Credit Card Interest Rate Increase?
June 23rd, 2009 — Business Credit, Personal Credit
Even some of the new credit cards that say zero interest balance for 6 months, if you go on the discussion boards or search the internet for the credit, and put the credit card name in and “complaints,” you’ll see a list of people on sites that signed up for a card and, within 30 days, their interest rate is at 29%. They just moved over $6,000 from another card at 14%. Their interest rate doubled.
Secrets of the Credit Bureaus!
April 13th, 2009 — Personal Credit, business credit
Want to know the number one secret of Credit Bureaus?
Credit Bureaus Are in Business to Make Money.
Every one of the major credit reporting agencies or credit bureaus; TransUnion, Experian and Equifax, are independent businesses. They are, at their core, the largest list broker services in the nation; which means that they sell consumer information, and not just in the case of credit reports. They sell qualified lists. They’re the largest list brokers in the nation.
Bank Secrets and Your Credit Score
March 31st, 2009 — Business Financing, Personal Credit, business credit
Most people know their credit report determines the quality of loans and trade credit they get. Did you know banks and other financial institutions sometimes use tricks of the trade to make you pay even more in fees! Here’s some secrets.
Video: Secrets To How You Can Build Amazing Business Credit
February 11th, 2009 — Business Credit Video, Business Financing, Personal Credit, Starting a Business, Video, business credit
