| |
| |
|
Credit Information |
|
|
|
Trade Credit: How to Determine if You Should Offer Net-30 Terms to Your Customers
What is trade credit? One of the major differences between consumer and commercial transactions is that most, if not all, consumer transactions are paid in cash or by credit card at the time of sale. Because of this, most consumer businesses never have to worry about extending credit to a customer and can run their operations on an "all cash" basis. This allows them to focus on their core competencies because they don't have to carry slow paying Accounts Receivables and go through the expense of collecting on such accounts. However, commercial transactions are different. Most clients ask their suppliers to deliver services immediately and then to invoice them for the work, payable 30 days later (also known as offering net-30). In effect, clients ask their suppliers provide them with "trade credit" for 30 days. Although suppliers don't like offering trade credit, most have accepted it as an industry standard and have learned how to operate and live with it. In fact, some suppliers have even mastered how to offer trade credit and use it to better position their companies with leading clients. Large creditworthy customers, such as the government or large companies, will usually demand trade credit as part of their contract negotiations. Some examples of entities that ask for 30 to 60 day payment terms are: o Fortune 500 companies On the positive side, providing trade credit to the proper clients can be a tool that allows your company to win important contracts and position it for growth. However, providing credit is also risky and can erode the company's cash position if it is misused. Furthermore, offering trade credit to less-than-creditworthy clients can burden the company with bad debt and affect its growth prospects. Because of this, business owners must walk a fine line balancing their desires to grow their businesses with the necessities of offering credit to their customers. Keys to providing trade credit successfully The best way to minimize the risk of providing trade credit to a client is to perform a credit analysis on him. Although no credit analysis is 100% perfect, they allow business owners to make an informed decision on whom to issue credit to. Here are the three key points to making a credit analysis. o Have the customer fill out a credit application o Check bank and supplier references o Check commercial credit reports Doing a credit analysis on your clients will allow you to determine how much - if any - trade credit you can give them. Clients that do not have a favorable credit analysis should be placed on a COD (Cash On Delivery) basis, at least initially, to reduce the risk of non-payments. The challenges of offering trade credit One of the main drawbacks of providing trade credit is that it can create a cash flow problem for the company that offers it. Large suppliers with adequate cash cushions in the bank can easily afford to offer credit. However, small suppliers with lean bank accounts usually find that offering credit will drain their cash resources and create financial challenges. It is not uncommon for small businesses to find themselves with a cash flow gap after offering trade credit to their larger clients. This gap is created by the fact that the company's Accounts Receivable account is strong while the company's bank accounts and cash position are weak. The cash flow gap places the business at risk of missing payroll and debt payments. It also prevents it from pursuing new opportunities because they don't have the funds to buy resources or hire the necessary staff.
Bridging the "cash flow" gap The biggest asset that most new businesses have, aside from their equipment and intangibles (e.g. employees), is their unpaid invoices or Accounts Receivable. Accounts Receivable is an asset that can be quickly converted into cash by using a financial tool called factoring. Factoring allows a business to sell the financial rights to their Accounts Receivable to a third party, called a Factor. As part of the sale, the factor immediately advances a large portion of the cash value of the unpaid invoices to the business. The business can then use this cash infusion to strengthen its cash position and meet its obligations. In the meantime, the factor, which now owns the invoices, waits to get paid by the customer. Factoring enables business owners to outsource their trade credit function to the factor and to turn their companies into the equivalent of an "all cash" business. If you want to learn more about factoring and how it can be used to grow your business, please read our white paper titled "Factoring: Cash on Demand for your business without debt or loans" About Marco Terry Marco Terry is president of Commercial Capital LLC, a leading commercial finance company that specializes in providing working capital through factoring to small businesses. For more information or a free consultation, please visit our web site at http://factoring.ccapital.net or call us at (786) 206 4722.
MORE RESOURCES: Credit program established to reduce new WVSA stormwater fee Wilkes Barre Times-Leader More rain barrels, vegetation and green roofs are expected to crop up in the Wyoming Valley in coming years as property owners try to reduce a new stormwater ... Will paying off debt hurt my credit score? MarketWatch Paying off non-credit card debt early may actually make you less creditworthy, according to scoring models. Greenwich selectmen to vote on property tax credits for seniors Greenwich Time GREENWICH — A property tax credit for Greenwich seniors who own their homes is up for approval again — a benefit that can save some elderly residents ... Marc A. Hebert: Credit freezes, fraud alerts important tools to control your credit report The Union Leader In May of 2018 Congress passed the Economic Growth, Regulatory Relief, and Consumer Protection Act, which included changes to credit rules that benefit the ... Tesla puts more cars on sale to maximize $7,500 EV tax credit Engadget Tesla really, really wants to be sure buyers can make the most of the full $7500 EV tax credit before it's cut in half for the company in 2019. Elon Musk has... Suspects on the loose after robbing credit union in Marshall WKOW Dane County Communications said the Avestar Credit Union was robbed this morning in Marshall. Dane County Communications said the Avestar Credit Union ... Teen robbed at gunpoint, forced to drive to credit union for money Channel3000.com - WISC-TV3 Madison police are investigating after a teenager said he was robbed at gunpoint then forced to drive to a credit union to withdraw money for the robbers. Illinois basketball notes: 'Credit to Illinois' Champaign/Urbana News-Gazette CHAMPAIGN — Steve Forbes didn't want to make any excuses for what went down Saturday at State Farm Center.He said as much at the end of his first ... GM fights to retain tax credit for electric cars Huntington Herald Dispatch WASHINGTON — General Motors is fighting to retain a valuable tax credit for electric vehicles as the nation's largest automaker contends with the political fallout ... Suspect Accused Of Using Stolen Debit & Credit Cards Goldsboro Daily News A Mount Olive resident is accused of credit card fraud. In August, a Dudley resident reported that someone had obtained his debit and credit card while he was in ... Credit card skimmers targeting South Sound caught on camera | KIRO-TV KIRO Seattle Credit card skimmers are targeting ATMs in the South Sound from Auburn to Thurston County. Surveillance cameras have caught two pairs of thieves installing ... Want to help Arizona students while lowering your taxes? Here's how AZCentral Until Arizona lawmakers act to significantly increase per-pupil funding, there is something meaningful taxpayers can do for schools. What to do when you're mad at your credit card company Los Angeles Times A single missed credit card payment leads to an unpleasant encounter with the card company. What to do next? Not cancel your card in a snit, because you lose ... Douglas Lanzillo named VP at Homefield Credit Union Worcester Telegram GRAFTON — Douglas Lanzillo has been promoted to vice president, market manager at Homefield Credit Union.Mr. Lanzillo joined the Credit Union's Lending ... The best credit cards for holiday shopping CNBC By using a credit card that offers cash back and protects your purchases against damages, you can save a lot of money this holiday season. Here are some of ... I want to marry my boyfriend, but he has $25,000 in credit-card debt and leads a financially reckless lifestyle MarketWatch This woman feels caught between her love for her boyfriend and his love for buying stuff on credit. Litecoin [LTC] bounces above 10.5% in one hour; Lightning Network to credit? AMBCrypto News The cryptocurrency market has turned green is moving toward a hopeful bull-run wherein Litecoin [LTC], the seventh largest coin by market cap has finally ... Super Smash Bros. Ultimate is Charles Martinet’s 100th credit as Mario Polygon Super Smash Bros. Ultimate, which launched Dec. 5, marks the 100th time Charles Martinet has portrayed Mario in a video game, according to Guinness World ... State Farm Bank Sanctioned Over Handling Of Credit Reports WGLT News State Farm Bank has been ordered to change its practices after the Consumer Financial Protection Bureau found it violated federal law by improperly. West Chester hotel thief a good tipper Hamilton Journal News Someone charged $2500 on a fake credit card at the West Chester Hilton Garden Inn. AmEx Platinum cardholders can potentially get the $200 airline fee credit twice in their first year — here's how Business Insider You can get the AmEx Platinum airline fee credit twice in your first year when you open the card now. It's possible to double-dip, or even triple-dip. May we help you buy your Christmas tree? Credit union surprises shoppers OCRegister Some visitors to the Christmas Tree House in Costa Mesa on Saturday, Dec. 15, were prohibited by manager Kelly Corbin from purchasing trees off the lot. Asean yet to get due credit, says Dr M Malay Mail BANGKOK, Dec 16 — Asean has yet to get its due credit as the only regional organisation that has been sustainable and with tremendous potential, said Prime ... Lydia introduces credit lines TechCrunch French startup Lydia announced a partnership with Banque Casino today for small credit lines. Starting tomorrow, Lydia users in France will be able to borrow as ... US Credit Union Blockchain Consortium Joins R3's Global Ecosystem Cointelegraph CULedger, a U.S. credit union *service* organization-owned blockchain consortium, has joined enterprise software firm R3's global blockchain ecosystem. Liquidity Fears Have the Likes of Pimco Sheltering in Credit Swaps Bloomberg In the worst year for global credit in a decade, nimble-footed traders like Dan Ivascyn are boosting defenses against an imminent liquidity crunch. What is Magecart? Credit card-stealing malware proves hard to stop NBC News Credit card-stealing software known as Magecart has been infecting e-commerce websites since 2014 continues to prove hard to stop, with a variety of hacking ... Hired a nanny this year? Claim this tax credit for 2018 CNBC As you prepare your tax documents for the end of the year, remember to get right with your nanny. That's because if you're paying her under the table, you won't ... This state is the most burdened by credit-card debt MarketWatch Wages aren't keeping pace with many Americans' credit-card debt. Black-owned credit union closer to opening in N. Mpls. MPR News A financial institution has reached a milestone in its effort to open a black-led credit union in north Minneapolis. Village Financial Cooperative received notice ... Authorities find credit card skimmers at seven Pasco gas stations Tampa Bay Times The devices are put on pumps to record credit and debit card details. Man sentenced to using more than 500 fraudulent credit cards around Las Vegas KTNV Las Vegas A California man who possessed and used over 500 fraudulent credit and debit cards throughout the Las Vegas valley was sentenced Thursday to 5 years in ... How Wealthy People Use Credit Cards Differently Than Most Americans Yahoo! Finance News The wealthy make their credit cards work for them, not against them. See how a change in your payment habits can help you do the same. Millennial Credit Card Hackers Are Taking Free Travel Perks to a New Extreme — Some of Them Have Up to 50 Cards Money Magazine Savvy millennial credit card users are juggling sign-up bonuses and rewards points to fund luxurious trips. Here are their top four secrets. 12 credit card skimmers found at gas stations in Pasco County WFLA PASCO COUNTY, Fla. (WFLA) - The Pasco County Sheriff's Office says a dozen credit card skimmers were found at several gas stations throughout the county. A Surprisingly Simple Way to Make Credit Cards Work for You Yahoo! Finance News Your credit card doesn't have to put you on the fast track to debt. Learn about one simple method that allows you to reap all the rewards and other credit card ... Minnesota certifies first black-led cooperative credit union Star Tribune North Minneapolis is one step closer to having its first black-led credit union after Village Financial Cooperative received a contingent charter approval from the ... Doctors credit Idaho State Police with saving 2-year-old boy's life KXLY Spokane Idaho State Police never could never imagine when they pulled a minivan over this week, that inside they would find a starving two-year-old boy, nearly beaten ... Montana Supreme Court: Tax credit that benefited religious schools is unconstitutional The Missoulian Montana's high court on Wednesday struck down the state's tax credit for school scholarships because it primarily benefited religious schools, running afoul of ... Big jump in credit-card use drives 11-month high for consumer credit growth MarketWatch Thanks to credit card usage, consumer credit grew at the fastest rate in 11 months, the Federal Reserve said Friday. Sometimes Credit Default Swaps Are Things of Beauty Bloomberg A credit default swap is basically a bet on whether a company will default on its debt. When the company defaults, people who sold CDS on that company ... Ten Northeast Ohio buildings are awarded Historic Preservation Tax Credits Crain's Cleveland Business Ten buildings in Northeast Ohio are among 28 statewide that on Wednesday, Dec. 12, were awarded Historic Preservation Tax Credits by the Ohio Development ... News Oakland County postal worker accused of stealing 86 credit, debit & gift cards from mail - WXYZ News Oakland County postal worker accused of stealing 86 credit, debit & gift cards from mail WXYZ OAKLAND COUNTY, Mich. (WXYZ) — An Oakland County postal worker allegedly stole United States mail meant for delivery, according to a federal complaint. The credit score you need to get the best rewards cards CNBC Rewards cards can save you a lot of money, either in cash back or travel perks, but you need at least this credit score to qualify. 'Spider-Man: Into the Spider-Verse' Post-Credits Scene Explained Hollywood Reporter 'Spider-Man: Into the Spider-Verse' contains a last-minute cameo that should intrigue fans. The U.S. Should Use Beijing's Social Credit System against China The National Interest Online China's new “social credit” system is about as Orwellian as you can get. While some pundits have praised the China model— New York Times columnist Tom ... De Blasio: I don't get enough credit for my progressive achievements New York Post Mayor Bill de Blasio went on a drawn-out rant Friday against his critics on the left, claiming he's not getting enough credit for his progressive achievements ... BE AWARE: Skimming device used in recent rash of credit card fraud in Monroe, police say | WSOC-TV WSOC Charlotte Police said they believe a credit card skimming devices are being used in Monroe, but haven't figured out where the device may be. Abraaj Credit Fund to Be Taken Over by Kuwait's NBK Capital Bloomberg Liquidators of the collapsed private equity fund Abraaj Group are close to completing the transfer of its credit fund to another investment manager as they seek to ... Police: Auburn man bought TV with stolen credit card Auburn Citizen An Auburn man is facing criminal charges for allegedly shopping with a stolen credit card. Universal credit: Claimant fears spending Christmas without money BBC News Erin Barrett said her experience of universal credit had left her at times unable to afford food. GM fights government to retain electric car tax credit Detroit Free Press WASHINGTON — General Motors is fighting to retain a valuable tax credit for electric vehicles as the nation's largest automaker contends with the political fallout ... GM Hits Federal Tax Credit Phase-Out Of 200,000 EVs Sold In U.S. InsideEVs According to our estimates, General Motors crossed the mark of 200000 plug-in electric car sales in the U.S. Here's what happens next. Jewelry store's fake discount leads to credit card scammer's arrest NBC2 News Police arrested a man accused of racking up thousands of dollars worth of purchases using fake credit cards in Fort Myers. Beware: These moves can leave a dent in your credit score CNBC The standard advice for a high credit score is to pay your bills on time and keep your balances to a minimum, but experts warn that other moves you make can ... Packers' Davante Adams has the numbers, but will he get the credit? - Green Bay Packers Blog- ESPN ESPN Davante Adams draws a lot of attention from opposing defenses, but no matter the circumstance, he keeps on getting open and catching touchdowns. 8 players tied to Rutgers football team indicted in credit card fraud scheme; Brendan Devera avoids most serious charge NJ.com The 8 players tied to the Rutgers team will be in court in January after being indicted on credit-card fraud charges. Possible gunshot reported near Russell Country Federal Credit Union in Great Falls - ABC FOX Montana Possible gunshot reported near Russell Country Federal Credit Union in Great Falls ABC FOX Montana We have had reports of a possible gunshot near the Russell Country Federal Credit Union. Credit Suisse defends J.B. Hunt Transport Services Seeking Alpha Credit Suisse thinks the announcement by J.B. Hunt Transport Services (JBHT -2.8%) of a charge related to BNSF arbitration (SEC Form 8-K) could be a ... How to Get Credit When You Have None Yahoo Finance Trying to get your first credit card can be as frustrating as trying to land your first job. Employers want experience, but you can't get experience unless someone ... New credit union coming to Alma area | Local News The Morning Sun Gratiot County is getting a new financial institution. Ionia-based Michigan One Community Credit Union has purchased a 1.4-acre parcel in front of Family Farm ... It’ll Take More Than a Buyback to Boost Credit Suisse Wall Street Journal Credit Suisse CS -1.42% may have finished three years of restructuring, but its investment story is a work in progress. The Swiss bank unveiled a welcome plan ... Metro’s Most Wanted: Bold thieves breaking into cars and stealing credit cards KTVI Fox 2 St. Louis MARYLAND HEIGHTS, Mo. – This is the time of the year people get busy and leave their purses, wallets, or Christmas gifts in their vehicles out of convenience. Meridian police looking for trio who stole credit cards at YMCA Idaho Statesman The Meridian Police Department is looking for information on three individuals who stole credit cards out of wallets in YMCA lockers, where they later spent ... Does ‘Aquaman’ Have a Post-Credits Scene? Fatherly Should you stick around after the credits or can you make a beeline for the exit as soon as the movie is over? We offer a spoiler-free answer. The 10 cities in the US where credit card balances are increasing the most CNBC In some U.S. cities, like Austin, Texas, credit card balances increased more than 10 percent this year, finds a recent report from CompareCards.com. MARK MELODIA: Employee used guests' credit cards to book rooms at Pittsburgh hotels, police say | WPXI WPXI Pittsburgh PITTSBURGH - Police say a man who has worked at several area hotels has been stealing random guests' credit card numbers. According to a criminal ... GM fights feds to keep $7,500 electric vehicle tax credit Chicago Tribune General Motors is fighting to retain a valuable tax credit for electric vehicles as the nation's largest automaker tries to deal with the political fallout. Planned 43-unit affordable housing project in Lakewood wins $850,000 tax credit The Denver Post A planned 43-unit affordable housing complex just south of Kendrick Lake in Lakewood this week received a tax credit that will enable the project to move ... Here's Which Automakers Will Suffer If Trump Ends Electric Car Tax Credits Forbes Luxury EVs may not suffer as much as would plug-in cars from mainstream makers like General Motors and Nissan. How to reform the federal electric vehicle tax credit | TheHill The Hill Travelers on the road this holiday season may have noticed a growing number of electric vehicle (EV) charging stations at parking garages, rest stops and ... Private Equity Titans Seek Washington’s Help to Propel a Risky Credit Boom Bloomberg Apollo Global Management LLC and Ares Management LP are among private equity titans that scored a victory earlier this year when they persuaded Congress ... Report: 8 Rutgers football players indicted in credit card scheme USA TODAY The eight Rutgers football players charged in connection with a credit card fraud scheme earlier this year have been indicted, according to an NJ Advance ... Trump Is Trying to Use Credit Scores to Keep Immigrants Out of the U.S. Slate One reason to be skeptical about the use of credit reports for any purpose is their sky-high rate of inaccuracy. 3 credit card skimmers found at Monument gas station KKTV 11 News MONUMENT, Colo. (KKTV) - Police have found three credit card skimmers at a gas station in Monument -- and they may have been as long as five days. Credit Card Advice - 5 Tips to Avoid Credit Card Debt During Holidays Men's Health Unless you have a workshop full of elves, you're probably buying your gifts ... again. The National Retail Federation estimates that Americans will spend just ... AM Best Upgrades Issuer Credit Rating of MAPFRE Fianzas, S.A. Business Wire AM Best has upgraded the Long-Term Issuer Credit Rating to “a+” from “a” and affirmed the Financial Strength Rating of A (Excellent) and the Mexico Na. Nigeria fintech Paylater gets credit rating ahead CBN regs Quartz Fintech companies are increasingly playing at the same level as traditional financial institutions. Aquaman end credits scene explained: What does mid-credits scene mean for a sequel? Express Superhero movies have made the end credits scene something of a trope in recent years. Marvel has done wonders with them, teasing all sorts of upcoming ... Police: Credit card skimming is a 'feeding frenzy' across the valley FOX5 Las Vegas Las Vegas Metropolitan Police said they are recovering a record high number of credit card skimmers in what they're calling a “feeding frenzy” for personal ... Romanian politician became gym bandit, raiding lockers for credit cards Buffalo News In Romania, George Piha was a prominent businessman and politician — and then after a car accident he became an OxyContin addict. Piha, who holds dual ... FHFA would ban VantageScore from Fannie Mae, Freddie Mac credit scores National Mortgage News The Federal Housing Finance Agency has proposed barring Fannie Mae and Freddie Mac from using credit scores developed by VantageScore over concern ... Police search for suspects who installed credit card skimmer at Puyallup store | KIRO-TV KIRO Seattle Puyallup police are searching for two suspects who they say installed a credit card skimmer over a pin pad. Berkeley County considers stormwater credit policy after complaints Live 5 News WCSC After several businesses and church leaders complained about sharp hikes in stormwater utility fees, Berkeley County Council agreed to consider implementing ... Do I Really Need a Credit Card? U.S. News & World Report Life without credit cards is possible, but it could make it harder to build your credit history or rent a car. New ‘Star Trek’ Series to Shoot in California, Selected for Tax Credit Variety CBS's new “Star Trek” series, with Patrick Stewart reprising the role of Capt. Jean-Luc Picard, will shoot in California and receive a $15.6 million production tax ... This is how much credit-card debt makes you undatable, and do Americans marry for love or money? MarketWatch Happy Monday, MarketWatchers! Start off your week with today's top personal finance stories. How to buy gift cards for friends and family that won't go to waste. Stanford grads raise $20 million for a company that aims to make life cheaper and easier for immigrants CNBC Immigrants to the U.S. have a hard time doing anything for which they need a credit score, like getting a loan. "It's ridiculous that it's 2018," says Misha Esipov, ... Credit card skimmer found at Oak Hill gas station KXAN.com AUSTIN (KXAN) -- A credit card skimmer was found at a gas station Wednesday near Oak Hill, according to officials with the Texas Department of Agriculture. Park City residents carrying among the heaviest credit-card debts in America, study says Salt Lake Tribune One of America's richest cities — Park City, Utah — also has one of the highest levels of credit card debt, according to a new study. The median credit card debt ... Caribou man gets 5 years in prison for robbing NH credit union Bangor Daily News A Maine man has been sentenced to five years in federal prison for robbing a credit union in New Hampshire.. Maine news, sports, politics, election results, and ... The best business credit cards CNBC Business credit cards offer high credit limits and reward structures that suit small-business owners, but some cards are better than others. CNBC names the best. Police arrest man suspected of robbing Lake Trust Credit Union in Brighton WDIV ClickOnDetroit Police in Brighton said they have arrested a man suspected of robbing a credit union. Police seeking suspect after Lake Trust Credit Union in Brighton robbed Livingston Daily A Lake Trust Credit Union branch in Brighton was robbed Monday afternoon, officials said. "The lone suspect, a black male, wearing all black, walked into the ... State police: Juvenile stole credit cards and went on $2000 shopping spree Tribune-Review A juvenile used two stolen credit cards to make $2000 worth of unauthorized transactions in various Western Pennsylvania counties, state police said. Lake County Board eliminates credit cards for commissioners Chicago Daily Herald In its first act of reform since the November election, the Lake County Board on Tuesday abolished the taxpayer-funded credit cards commissioners have used ... MLB -- Tampa Bay Rays deserve credit for signing Charlie Morton ESPN Despite facing long odds in the AL East, Tampa Bay invested in free agent Charlie Morton, who should be a good fit on its pitching staff. Fact Check: Trump claims credit for decades-old border structures ABC News President Donald Trump insisted on Tuesday that much of the border wall he wants has already been built and has been "very effective." ... Phone scam alert: Fraudsters using faked phone number impersonate Utah credit union KUTV 2News (KUTV) — A spoofed phone number is part of a scam with fraudsters acting the part of a Utah credit union. Vernal City Police Department warned of the scam ... Your new social credit score Boing Boing https://youtu.be/WByBm2SwKk8 This video imagines a social credit system in the UK similar to one under development in China, in which your purchases, ... |
 |
|
|
RELATED ARTICLES
The Ghost of Expected Surprises Here, Cratchet, what do you think you're doing?Uh, er, leaving sir.Leaving? It's 5 minutes to the hour. Types of Credit Cards There are a whole variety of different types of credit cards available which can make choosing the right one a very confusing experience. In order to help you decide, listed below is a useful breakdown of the various types of credit cards available. Inflexible Friends and Plastic Assets, Why Money isn't Buying Love Anymore Consumers reject financial advice in favour of financial frivolityIt would appear that even though their "friends" aren't as flexible as they used to be, consumers are still stretching their credit cards beyond the comfort zone.The vicious circle of debt manipulation involving banks, consumers and commercial credit companies is putting consumer spending under strain, as funds begin to dry up. Have You Checked Your Permanent Record Lately? As a young student I feared getting bad grades because I didn't want any bad marks on my "permanent record." Get an "F" in fifth-grade science and it goes in your record. How Businesss Mess Up Their Credit Policies In "Become the Squeaky Wheel" a book recently published, Michelle Dunn demonstrates the major areas a business should focus on to ensure a satisfactory customer experience.One mistake business owners make is not having a credit policy in place when they open their business. Why Consumers Need a Nationwide Credit Freeze NOW What do a shoe retailer, an online discount broker, and a popular clothing retailer all have in common? All three - DSW Shoe Warehouse, Ameritrade, and Polo Ralph Lauren - sustained breaches to their customers' accounts. Unfortunately, these three are not alone when it comes to security breaches. The Exact Action To Take When You Find Errors In Your Credit Report There are times when you may be turned down for credit and you do not understand why.According to the Fair Credit Reporting Act you are entitled to a free copy of your credit report if you have been denied credit because of negative items on your credit report within 60 days of the request for credit, if you are unemployed but looking for work, are on state benefits, or believe that your credit report is incorrect because of fraud. Five Credit Card Billing Problems and How to Fix Them It goes without saying that your first and best defense against paying fraudulent or unfair charges on your credit card is knowing what your bill says! When you receive your credit card statement each month, sit down with it and check each item to make sure that you actually DID purchase it. If you do run into inaccuracies or problems, there are procedures to follow to report and deal with the charges. A Cure for an Ailing Credit Credit has become a much-used word, thanks to the various connotations that it is being used in. Transactions in which the payment is deferred to the near future are termed as credit transactions. Learn How to Improve Your Credit Score Having a damaging credit record can hurt you in many ways. It may prohibit you from making an important purchase such as a home, car, computer or vacation. Trade Credit: How to Determine if You Should Offer Net-30 Terms to Your Customers What is trade credit?One of the major differences between consumer and commercial transactions is that most, if not all, consumer transactions are paid in cash or by credit card at the time of sale. Because of this, most consumer businesses never have to worry about extending credit to a customer and can run their operations on an "all cash" basis. Stop Struggling Because Of Poor Credit And Improve Credit Rating Now Did you apply for a personal loan only to be turned down by a bank or lending institution? Like most people there is always a need to borrow money to buy a car or to renovate a home or even to get a student loan. There are many reasons why people need a loan and lenders turn people down from a loan application based on ones credit rating and credit score. Bad Credit Loans For Those Who Seek Alternatives for New or Old Car You can still save money on a Bad Credit Loan by comparing rates, checking out multiple policies, and negotiating with lenders.Getting a Bad Credit Loan doesn't have to be like basic training. Making Sense of the Information in Your Credit Report If you've ever applied for a credit card or loan, you've probably had your credit report reviewed by the lender. Your credit report has a huge impact on your financial future, so it's well worth your time to be sure that you understand what your credit report says about you. ChexSystems: Alternative Options for People Whove Been Checking Accounts Individual banks elect to become members of ChexSystems, and to use their services.Those individual banks are the ones who decides what is sufficient cause to close your account and report you to ChexSystems. Secured Credit Cards- Consumer Tips Whether you have no credit or damaged credit, secured credit cards are a good tool for building a good credit history.Several months ago Tom, a member of CreditBoards. Rewards Cards - Are They Right For You? Rewards cards have become the latest rage in the credit card industry. In the past, consumers shopped for credit cards that offered the lowest interest rate. Choosing the Best Low Interest Credit Card With so many low interest credit cards on offer, how do you know which one to choose? Here is a brief guide for choosing your low interest credit card.The Chase Manhattan MasterCard is a great choice, for those with an excellent credit rating. Why Should You Use Credit Cards Believe it or not, the way society, especially the commercial side, is set up these days, the only alternative to using credit is to pay cash for everything. But it's actually quite hard to do that. Keep Your Credit History Clean - Remove A Negative Credit Record From Credit Report The three major credit bureaus, Experian, Equifax and Trans Union are similar and feature a "Credit Score", which is created from credit report data submitted to them about you.But very often your credit report includes inaccurate, wrong or incomplete information (credit records).
|
| home | site map |
| © 2007 |