No matter how large or small, every business will need to have access to credit in some way or another. Good business credit scores will make a difference in the type, rates, and terms of loans that will be offered. These steps go a long way to ensure a healthy and viable business now and into the future.
Entrepreneurs always have their plates full; let it be the sales, accounting, marketing of their business, or personal life. Since everyone has a limited number of hours in any given day, it is critical to use your time strategically. Smart money always suggests using tools for day-to-day business operations. Our team decided to list business tools that can make an entrepreneur’s life a little more easy.
To cut right to the chase, the point in choosing a savings account versus putting cash in mason jars buried in the back yard is to make money. Therefore, talking interest rates should be the first order of business, whether speaking to a banker in person or shopping for an account online. When it comes to finances, the result of choosing the right savings account can create money-making opportunities now and far into the future.
Prepaid debit cards are currently a staple in the financial sector, especially since more than 2 billion people are without bank accounts. Low credit scores mean credit card denials or, even worse, credit cards with abysmally high interest rates. That’s where prepaid cards come to the rescue.
Maintaining a healthy, if not perfect, credit score should be a top financial priority. What are the average credit scores for people in Canada and the United States? Are there differences in how scores are calculated in these countries?
We will now focus on what exactly we can do to either maintain our good credit score or get out of a bad situation. Note that not all debt is created equally, and precedence should be given to those debts that will have a hefty effect on you and which will cost you more to haul.
Perhaps the most important variable which impacts your score is your payment history. In fact, according to many, your payment history comprises 35% of your total credit score and is considered to be the most fundamental factor when it comes to calculating your credit score.