Are you a small-business owner who’s not getting the love you need from lenders? Are suppliers insisting on terms you find downright unfriendly?
The common denominator may be a poor business credit score. Here are some steps you can take to fix it.
What goes into your business credit score?
Just like a personal credit score, a business credit score measures the level of risk you pose for a lender. Unlike personal credit scores, most of which adhere to the FICO model, business credit scores don’t follow an industry standard.
Debt and extra weight share a lot of similarities. Both can make us feel sluggish. Both debt and weight gain can be a major source of stress. This leads some people to take extreme measures, only to get frustrated and give up. Debt or weight creeps back.
Make 2018 your year to “ditch the debt,” and end the yo-yo effect for good. Here are a few ways to get started.
There is a saying, “Do something today that your future self will thank you for.”
Never has a statement been truer than when discussing the purchase of insurance. Yes, it can be tough to write a check for something you may never use, but insurance is a safety net, protecting you, your family, and your assets. By 2050, the number of individuals using paid long-term care services in any setting will likely double from the 13 million using services in 2000, to 27 million people.
It’s a familiar — and frustrating — experience: Planning a trip and checking airfares every few days, waiting for the perfect price to appear. Finding the opportune moment to buy is no easy feat.
Plane ticket costs fluctuate constantly. In fact, during the typical 11-month period a flight is listed, the price changes every four and a half days on average, according to CheapAir.com’s annual airfare study.
Sometimes the dark side is too strong to resist, urging you to splurge on that second, even more perfect pair of brown boots or upgrade to a more stylish pair of wireless headphones. But the fleeting satisfaction you get from succumbing to these seductive I-didn’t-know-I-needed-it-until-just-now purchases can fade to a sense of financial failure when you get your credit card statement.
The fall decorations—pumpkins and haystacks and scarecrows—are just making their way onto porches, but you know what that means? The December holiday season is just weeks away. Time to decorate, shop, bake, party, shop, dress up, shop. It’s easy to be swept into the very expensive winter months, but poor holiday planning can result in a very painful and expensive January.
Your credit scores take a hit if you fall behind on payments to a creditor, and again if an account is sent to the creditor’s collection department or sold to a third-party collector. You may be able to repair some damage to your scores by resolving a collections account on your credit reports.