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 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

Fewer buyers as tax credits expire.(Broker Business): An article from: Mortgage Banking

Fewer buyers as tax credits expire.(Broker Business): An article from: Mortgage Banking

This digital document is an article from Mortgage Banking, published by Mortgage Bankers Association of America on July 1, 2010. The length of the article is 869 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.

Citation Details
Title: Fewer buyers as tax credits expire.(Broker Business)
Author: Howard Schneider
Publication: Mortgage Ban

List Price: $ 9.95

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Tags: article, Banking, Business, buyers', credits, expire.Broker, Fewer, From, mortgage

Genuine LEATHER Business or Credit Card Holder Wallet (Black)

Genuine LEATHER Business or Credit Card Holder Wallet (Black)

• Premium Leather Credit/Business Card Case available in Black or Tan
• 48 Card Inserts – Can fit 96 Cards,
• Additional card slot inside front
• Fine, straight stitching, hard sides
• Measures 5″ x 4 1/2″ – Can fit in Medium Size Handbag or Organizer

This premium leather credit/business card case will keep all of your business and credit cards organized and handy. It is medium sized, so will fit in most handbags and organizers. Our Leather Goods integrate Premium Leather with Expert Craftsmanship for a high quality product that will bring you years of use.

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Tags: Black, Business, card, Credit, Genuine, holder, Leather, Wallet

Q&A: How do I get business credit without using my social security number?

Question by Mario: How do I get business credit without using my social security number?
I just recently started my own small business after watching my boss make tons of money off of my idea. I’ve been trying to obtain business credit but I am having a problem, because I am a new business. I do not want to use myself as a personal guarantor due to some credit issues I have gained while in college, and co-signing for my ex. So if you have any tips please feel free to post them. Thanks for your time.

Best answer:

Answer by MadMan
Sorry but you can’t. You will need to use your social or you will not get any money.

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Tags: Business, Credit, number, Security, Social, using, without

My business wishes to have credit card autodebit facility for the customers. How to go about it?

Question by Sam Tet: My business wishes to have credit card autodebit facility for the customers. How to go about it?
Credit Card Autodebit – customer sign up an agreement form so that an amount is deducted from their credit card account for payment purpose.

What authority I need to get approval from? What are the choices?

Best answer:

Answer by stepieann
See your banker? That could be a starting point.

What do you think? Answer below!

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Can a credit card company get a judgement against you and take the funds from your business account?

Question by rlacy916: Can a credit card company get a judgement against you and take the funds from your business account?
I would like to know about collection laws in California. If my girlfriend had a dispute with a credit card company and didn’t pay the $ 5000.00 balance, can they get a judgement against her and take that money out of our business account?

Can they take the money out of a trust if she is the beneficiary?

We need asset protection advice!

Best answer:

Answer by Randy G
I’m not an expert on CA law, but you might want to say whether your business is incorporated or not.

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Tags: account, against, Business, card, company, Credit, From, Funds, judgement, take

Q&A: How can I establish business credit without my personal credit?

Question by The DoorMan: How can I establish business credit without my personal credit?
With a new start-up business (incorporated), how do you get serious business credit that doesn’t tie down your personal credit with personal guarantees?

Best answer:

Answer by resmtg
Yes you can get business credit using a corp. Generally, you will need to be incorporated at least 2 years, and have a high Paydex score. If you have a 660 minimum middle FICO Score you can get funded in 48 hours as a business line of credit with a personal guarantee. When you are ready, email me I can get this done for you.

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Tags: Business, Credit, establish, personal, without

Quicken Home & Business 2010 [OLD VERSION] [Download]

Quicken Home & Business 2010 [OLD VERSION] [Download]

• Quicken Home & Business 2010 easily organizes your personal and business finances
• Organizes your finances and makes portfolio management easier by bringing your accounts together in one place
• Shows you where your money is going by automatically categorizing your personal and home business expenses
• Lets you view your profit and loss at a glance, so you always know how your home based business is doing
• Helps you choose the right investments to reach your goals and identifies ways to minimize taxes on your investments

Quicken Home & Business 2010 gives you the personal finance features found in Quicken Premier plus tools that make it easy to see how your home business is doing. Manages both your personal and business finances together in one place. Click to enlarge. See where your money’s going. Click to enlarge. Always know how your home based business is doing. Click to enlarge. Helps maximize deductions and simplify your taxes. Click to enlarge. See your most important info in one plac

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