Business Credit BlogFind out what's new on BusinessCreditSuccess.com. Small business attorney Garrett Sutton and credit expert Gerri Detweiler keep you up to date on the latest small business credit and corporate credit building tips here. Dec 13, 2011 Business Credit Success e-bookOur business credit success e-book will help you learn how to build business credit successfully! Permalink -- click for full blog post "Business Credit Success e-book" Aug 26, 2011 Aged CorporationsDo you sell aged corporations? Can you help me to get cash lines of credit for the above aged corporation Permalink -- click for full blog post "Aged Corporations" Mar 13, 2011 New IRS Policy Makes Tax Liens Less TaxingLast year I wrote about how the IRS policy on filing tax liens unfairly hurts taxpayers and small business owners. Tax liens are truly a double whammy. Not only do you owe the IRS (which is bad enough) but you may also find your credit destroyed for years by a tax lien on your credit reports. This time, I have good news: the IRS is implementing new policies that ease up on tax liens. This can make a tremendous difference for millions of Americans. Feb 28, 2011 Trade PaymentsHow many trade payments do I have to make to get a loan Permalink -- click for full blog post "Trade Payments" Feb 23, 2011 Hidden Program Can Help Even 'Greedy Speculators' Refinance Investment Properties and Second HomesOver the past couple of years I’ve heard from countless real estate investors who are stuck between a rock and a hard place. They bought real estate as an investment a few years ago, but the value of the property has declined, and there just isn’t enough income coming in to keep up with the payments. They don’t want to default, but if they can’t figure out a way to improve their cash flow they will. There is a program that may help some of them, but it’s so inexplicably well-hidden that most investors won’t even get try to take advantage of it. They should. Feb 15, 2011 Turning (Debt) Problems into Business OpportunitiesI was recently invited to take a tour of a new online tool for getting out of debt, ReadyForZero. The service aggregates information about a consumer's credit card debt and creates a rapid repayment plan. As cofounder Rod Ebrahimi walked me through the demo, he told me how he’s using the service himself to pay off his credit card debt. He went on to describe how he and other cofounders created the service in part to solve their own problem - to make it easier to create a flexible effective debt repayment plan they can stick with. Feb 14, 2011 As a foreign investor, can I apply for financing through an LLC?I currently live overseas and am going to be investing in some NYC apartments later this year, and will be using Sutton Law to protect me through a Wyoming Feb 9, 2011 Owner of a small home based businessI am having a difficult time to get loans or credit due to personal credit issues. However I have a home that i am renting out. I would like to borrow Permalink -- click for full blog post "Owner of a small home based business" Feb 9, 2011 Bank cut our credit line, lowered our credit scoresMy husband and I got a HELOC through Bank of America on March 2008 which affected negatively his credit score. Although we did not take the full amount Permalink -- click for full blog post "Bank cut our credit line, lowered our credit scores" Jan 13, 2011 Bank of America Pledges to Add 1,000 Small Business BankersBank of America has announced it will hire over 1,000 small business bankers by early 2012. This is good news not only for the employees that will be hired, but also for the firms that will secure financing through this initiative. Jan 10, 2011 Using Credit Checks for Job Applicants? Be CarefulCredit checks are one of the tools small business owners can use to screen prospective job applicants. But there are legal and ethical questions surrounding the use of credit reports for employment purposes that business owners should take into consideration. Jan 6, 2011 When It Comes to Commercial Credit Scores, There Are Plenty of ChoicesIf you find the process of building strong FICO scores confusing, then just wait until you try grapple with the world of business credit scores. Credit Today’s October 2010 Credit Scoring Usage Survey produced a list of 32 different credit scoring models used by credit executives. In the survey, 55% of respondents said they use credit scores. Of the 45% who don’t use scores, only 14% reported they would be likely to use them in the coming year. Jan 3, 2011 Yes, You Can Raise Money In An Economy That SucksTalk about coincidences. Recently, I downloaded Expensify’s expense report app to my Blackberry. Recovering from some frustrating bookkeeping - the worst part of which was my expense reports - I hoped the service would live up to its promise to create “expense reports that don’t suck.” Within hours, I received a personal email from one of their developers, Michelle, welcoming me to Expensify and offering to answer any questions. This was not one of canned “we value you as a customer” emails. Dec 16, 2010 How Much Does It Cost To Review Your Business Credit Reports?Do you remember the old days, when we had to buy our credit reports unless we were turned down for credit? In case you don’t, it wasn't that long ago that the FACT Act went into effect giving consumers one free copy of their credit reports each year from each national consumer reporting agency. Dec 13, 2010 Looking for Online Business Financing? Watch Out for ScamsRecently I wrote about how aged corporations can be a tool for building business credit. Unfortunately some companies are using them to promote high-priced “lending” services that are nothing more than a small business version of the classic advance fee loan scams. |