Category: Personal Credit

When you're a business owner in a cash crunch -- maybe you need some extra capital to make payroll this month, or open a new location -- the last thing you want to hear is that your credit score needs a lot of work before you can qualify for a business loan. You may be tempted when you see ads of promise of quick fixes like credit repair companies. Can you actually raise your personal credit scores 100 points overnight?… Read More

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

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

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

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