Need Money? Credit Counseling?

What are my options for acquiring a business credit card?

Question by LRJ: What are my options for acquiring a business credit card?
I am a recent college graduate looking to start a tax preparation business. I have average credit with one major charge off on my credit report. What are my options for applying for a business credit card to finance office material and supplies? Im not looking for a huge credit limit, just need about 5k.

I know its ONLY 5k and your probably thinking I should borrow it from my parents or ask a “rich family member” I dont have those kind of resources so please refrain from those kind of answers. Serious answers only. Thanks in advance!

Best answer:

Answer by Lopaka
When I started my business my credit card was based off of my credit since my business wasn’t around long enough for the credit card companies attach my credit account to my business. I went with Chase and got a Business Professional credit card account which but a percent of my purchases back in the form of cash checks I got in the mail. They also for the first year gave me no interest. You might want to try going to a bank with your business plan also and pitch your plan to them to get a loan but these days that might be like pulling teeth.
Another alternative is to look for someone to invest in your company. Find some friends or friends of friends whom have money to invest and pitch them your idea and break down ROI for them. Lastly you could start a tax preparation business and apply for a grants. There might be one where you could do x amount of tax returns for the underprivileged in return for money. Good luck.

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Tags: acquiring, Business, card, Credit, options

How can I get an unsecured credit card with crap credit?

Question by Sidney: How can I get an unsecured credit card with crap credit?
I need to rebuild my credit, but can’t afford a secured credit card. Is there any bank outside of Premier Bank that will give me an unsecured card?

Best answer:

Answer by MadMan
Unlikely.

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Tags: card, crap, Credit, unsecured

How can I find a list of good credit cards including their credit score requirements?

Question by Jan H: How can I find a list of good credit cards including their credit score requirements?
I want to find a good credit card with a 0% introductory rate, a low interest rate after the introductory period, and great customer support. I don’t want to apply to too many banks because that in itself can affect credit scores; I’d like to know beforehand what their credit score requirements are – but that seems to be hard information to find. Thank you for any suggestions!

Best answer:

Answer by vivabina
newsletters@moneyexpert.com

these people constantly review the market, ask there
.

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Tags: cards, Credit, Find, good, including, list, requirements, score, their

What is a Personal Line of Credit and how is it different from a Credit Card?

Question by Sophie T: What is a Personal Line of Credit and how is it different from a Credit Card?
I am considering opening a personal line of credit with PFFCU instead of getting a credit card? What are the differences between the two?

Best answer:

Answer by bdancer222
With the LOC you won’t have the convenience of a credit card to carry with you and use. To access funds from the LOC, you will have to call or go to the credit union and take cash or transfer funds to your checking account. The LOC might also be tied to your checking account as an overdraft protection.

The actual account terms may be different. You would have to read the terms and compare them. But the LOC won’t have an interest free grace period for purchases like the credit card. Interest will begin to accrue immediately for the LOC.

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Tags: card, Credit, different, From, line, personal

How much does your credit score increase each time you make a payment to your credit card?

Question by Brooke: How much does your credit score increase each time you make a payment to your credit card?
How many points do you get for paying your credit card bill each time you do?

Best answer:

Answer by jari
zero.

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Tags: card, Credit, each, increase, much, payment, score, time

What is the tax credit now for purchasing a new home?

Question by Jess: What is the tax credit now for purchasing a new home?
I know that unless you enter into a contract by April 30, 2010 and then close by Sept. 30, 2010 you can claim an $ 8,000 first time home buyer credit.

I am closing in December so I know I cannot claim this but isn’t there still a tax credit for new homes purchased? Does anyone know what that is?
Isn’t there something though that gives you a little more on your tax return when you file?

Best answer:

Answer by Iffy
Zero. No tax credit

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Tags: Credit, home, purchasing

How can I get a good business credit score to apply for loans and credit cards?

Question by nik: How can I get a good business credit score to apply for loans and credit cards?
I have a business but need financing to fund the venture. I was told to form the business and then go to the bank. I went looking like a total idiot. I have bad credit, no money, no collateral. The Rep told me that I have to have great business credit and to come back when I have a 80 Paydex score. I left thing WTF. Please help!

Best answer:

Answer by Rose
Hey see

http://ebiznus.com

answers.yahoo.com helped me too for resolving this.
Best of luck.

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Tags: apply, Business, cards, Credit, good, loans, score

How does a business go about reporting credit on the clients it gives credit to?

Question by Myke R: How does a business go about reporting credit on the clients it gives credit to?
If I just purchased a used car dealership a couple months ago and wanted to report to Equifax and others about the credit I extended, how do I go about having them accept and use my reports so buyers can have documented their good or bad credit? I’ve tried to visit websites and there does not seem to be anything that addresses this at equifax and the other agencies.

Best answer:

Answer by Mark C
You become a member of the bureau (in other words, pay a fee) and this also entitles you to access credit reports for individuals to whom you are seeking to extend credit. Contact the bureau directly – you’ll need proof that you are a business operating in that space.

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Tags: about, Business, clients, Credit, gives, Reporting

How long after paying off a credit card does it take to reflect on a credit report?

Question by penny g: How long after paying off a credit card does it take to reflect on a credit report?
Lets say I have 4 credit cards totalling $ 3000. I then wrote out 4 checks and paid off each card in full on the same day. How long would I have to wait until my credit report reflected all of these charges paid off?

Best answer:

Answer by princess zaria
by the the collection agency has 3 months 2 update ur credit report, then they update it as paid in full or settled in full.

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Tags: after, card, Credit, long, Paying, reflect, report, take

What credit cards earn miles for multiple airlines?

Question by Babystomper: What credit cards earn miles for multiple airlines?
There’s a resort in the Dominican Republic I want to go to again and want to see if I can earn skymiles or whatever by using credit card awards.
I’d prefer to avoid Cap 1 because of previous experience as a customer.

Best answer:

Answer by potatochip
Capital One card partners with a number of airlines that you can earn miles on.

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Tags: airlines, cards, Credit, earn, miles, multiple