Category: Personal Credit

Can a Business Owner Build Credit Without a Social Security Number?

Savvy small business owners establish good personal and business credit. But some entrepreneurs find it additionally challenging to build credit because they are new to the United States and they don't have a credit history here. How do they get started? A reader of the Nav blog writes: “We have U.S. entity (in Ohio) established last year and in process filing first taxes. We are residents of Canada. Do have EINs. Would we be able to apply for the credit… Read More

3 Business Credit Cards That Can Help You Work on Your Credit

A credit card can be a vital tool for small business owners, but one that can feel out of reach when you’ve had problems with your credit. If your business has struggled in the past or you've defaulted on some loans as you've tried to get your business off the ground, you may have emerged with damaged credit. Thankfully, there are business credit cards that you can use if you have bad credit. Not only will these cards offer you… Read More

Is it Time to Upgrade Your Business Credit Card?

When a valuable tool becomes worn out or obsolete, it’s in your company’s best interest to upgrade it. And even more than most types of business equipment, you have a lot to gain by upgrading your small business credit card. The credit card industry is intensely competitive, and card issuers are constantly introducing new products with more generous rewards, more valuable benefits and even promotional financing offers.   Here are some signs that you need to upgrade your business credit… Read More

Do Credit Repair Letters Actually Work?

If your credit scores are bad, or not as strong as you'd like them to be, you may be researching ways to try to boost them. An internet search will likely turn up lots of advice about how to write credit repair letters to help you improve your credit. But do they really work? Credit repair letters are designed to take advantage of a provision under federal law, the Fair Credit Reporting Act (FCRA), that allows consumers to dispute items… Read More

4 Low-Fee Business Credit Cards That Are Great for Small Businesses

You don’t need to spend a lot of money to get a great small business credit card. In fact, there are plenty of cards for small businesses that offer generous rewards and valuable benefits, with no annual fee. Also, these cards come with all the same expense tracking and reporting features found on the issuer’s premium cards that cost hundreds of dollars a year. The Case for No-Fee Business Credit Cards The small business credit cards that have pricey annual… Read More

Do You Have a Tax Lien? There May Be Good News on the Horizon

For those stressed out because they owe tax debt, there's some good news on the horizon. As we approach the individual tax filing deadline four 2018, the major credit bureaus are in the process of removing an estimated 5.5 million tax liens from consumer credit reports. This could result in higher credit scores for those consumers. Tax liens are notices filed with the courts by state taxing authorities or by the IRS when an individual owes delinquent taxes. They indicate… Read More