credit Archives

Jul192022 by Paul LinusNo Comments

How to finance small business venture

Finance

Entrepreneurial endeavoring attracts a risky lot. Once the great business idea is developed, it is time to handle the finances. First, it is best to obtain a clear understanding of the difference between business capital and a business loan. The word "capital" has different meanings in finance, economics, and politics. Business financial capital represents ownership in a business. If it is a sole proprietorship business venture that means 100% capital belongs to the sole business owner. Generally, a business has both capital value and liability exposure. Loans represent the leasing of capital, typically with interest, from another. It must be repaid. Loans come with certain legal obligations and constitutes a business risk or business liability. Self-Help Financing: Investing Per...

Feb282022 by Paul LinusNo Comments

Bad credit scores? Valuable tips here

Business

A bad credit score can really take its toll on human life. It can pressure people and may drive them into depression. Nevertheless, despite the fact that it may create great stress and may cause headaches, it can be fixed and improved. There are several ways to fix bad credit scores. One only needs to be determined and motivated to get out of bad credit. The methods, though, may not guarantee a quick solution to the problem but it may otherwise lead to a better credit score situation. Here are some pointers on improving credit scores: Stop Making Unnecessary Purchases with Credit Cards Unless poor credit situation has been addressed and solved, it is best to stop using credit cards in all types of purchases. Using the credit cards while having problems with bad credit scores can ...

May262018 by David KollerNo Comments

How Long Old Debt Fall Off My Credit Report?

Finance

Debt is a burden that can be hard to get rid of if not paid timely. There are timelines attached to every debt. The same applies to loans taken a long time ago. Unpaid loans do not vanish on their own accord. They need to be paid to continue with a new line of credit. Old debts that haven’t been paid may result in a bad credit score. If you apply for short term Or long term loans, your financial background and account would be checked against a credit score. This score determines whether you have sufficient credibility to repay the short term loans or long- term loans are taken from the borrower. Fortunately, debt collections won’t reflect on your credit report all your life! After a period of 7 years, it would be wiped off from your credit r...

Nov92017 by Ruchi GuptaNo Comments

When Should You Increase Your Available Lines of Credit?

Finance

It’s better to have credit and not need it, than to need credit and not have it! For most folks, this is abundantly clear. Everybody should have access to a sufficient line of credit, and manage it well. Sensible advice for sensible folks. But what happens when you find yourself in a bind; either you need credit and you don’t have it, or worse yet – you don’t qualify for credit? These are difficult situations to contend with. Credit availability is one of several factors that goes into calculating your credit score. Leading analysts on this topic routinely advise clients to understand each of the major categories of a credit score, notably: New Credit applications account for 10% of your credit score The Type of Credit you have accounts for 10% of your credit score Your Credit H...

Aug152017 by Paul LinusNo Comments

How To Manage You Finance Intelligently

Finance

Financial independence is not something great or tough to achieve. It is simply the intelligence on how you manage your finance efficiently. Do take note that accumulated wealth does not make an individual rich, but what matters here are information, knowledge, wisdom and know-how. Below are couple of cool suggestions how you can stand strong on financial grounds: Plan monthly budget It is true rising income is not an easy task, but you can easily reduce your expenses. Certain expenses are voluntary in nature and so you can easily control those. It is recommended to cut down your expenses to certain percentage like about one-tenth of the total and invest in long term equity mutual funds. You will see over the period of say 20 or 25 years it will yield you huge. Treat the investme...

Jun12017 by adminNo Comments

Is Your Debt out of Control?

Finance

If you are one of the millions of people who are struggling with what seems like unmanageable debt, there are a few options for you to consider. Two of the more popular choices are bankruptcy and using a debt settlement service. Only you can determine which decision is best for your circumstances. While eliminating debt may be easier than you think, there are many cases when filing for bankruptcy simply makes more sense. This article isn’t necessarily to persuade you one way or the other, simply to inform you about using a debt settlement program. What you need to know Contrary to what you may have heard, using one of these companies doesn’t guarantee you will see an increase in your credit score. In fact, there are times that despite the best efforts of people working with you, your ...