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Wednesday, October 27, 2010

Quick Tip #1 for Business Credit

Dun and Bradstreet operate on a 'fiscal year' as far as their reporting.  It doesn't matter if a company incorporates in September or December - come January 1st it's one year old! 

Tuesday, October 26, 2010

The Four Tiers of Business Credit and the Personal Guarantee

Building business credit is more than obtaining a DUNS number and filling out business credit applications. For business owners of new businesses knowing the different types of business credit available to small business owners and when to apply is even more essential to its financial success.

Read more at Suite101: The Four Tiers of Business Credit and the Personal Guarantee

Monday, October 25, 2010

Federal Home Energy Efficient Mortgage Program

An Energy Efficient Mortgage is a mortgage loan that is funded by a traditional lending institution and is insured by the Federal Housing Administration. Borrowers do not have to qualify for the additional funds and no additional down payment is required. The thinking behind this is that the money saved on the consumer’s utility bills will offset any increase in the monthly mortgage payments.

Read more at Suite101: Energy Efficient Mortgage Program (EEM): Federal Home Improvement Loan for Purchase or Refinancing

Business Credit and Business Credit Scores

Building business credit is similar to personal credit, the only difference are the players. There are three business credit reporting agencies, Dunn & Bradstreet, Experian for Business and Equifax for Business. Business credit reports contain the business address, EIN number, creditor information, public records and a record of the inquiries. New business owners will want to ensure each of the bureaus open a file on their company and the information contained in it is accurate and complete.

Read more at Suite101: Business Credit and Business Credit Scores
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FTC Required Disclosure

The Federal Trade Commission requires that I disclose any relationship I may have between a product manufacturer or service provider when I write about a product or service.

My intention for this blog is to provide consumers with the knowledge to improve their current personal credit situation. It is the readers responsibility to do additional research and to make responsible decisions based on their own personal financial situations.

My promise to my readers is as follows:

  • I am never paid to do a review of a product or service. I do not accept money to review credit cards, credit repair companies etc... When reviewing a product or service, I invest my own time and money to review and test credit products and credit services listed on this site.
  • No advertiser will ever influence the content, topics or posts made in this blog. Just because there is an advertisement for a particular product or service on this site, it does not necessarily mean it has been endorsed by the author of this blog.
  • If I create a link to a product or service on this site, sometimes I may get paid a commission if you purchase the advertised product or service. These links are included after posts are written, and posts are never composed for the purpose of including advertising.

I feel the rules and practices listed above are just good business in today’s digital world. It is important for you the reader to understand the relationship between the person reviewing a product and the manufacturer or service provider.

If you don’t see a disclosure policy on a blog, that reviewer may be violating the law or at the very least the Code of Ethics.