Over 90% of business owners have never taking the time to build business credit.
In this article you will find a road map to successes when it comes to building business
credit and how this will put you in a position of financial power.
Having a bad credit record can surely become a hindrance in establishing your business. Most likely, you will have difficulty in trying to persuade lenders to give you a credit account, which can be very significant for your company. Without a credit account for back up, you are placing your company at a very huge threat of running out of financial resources and even a possible pause in its operations.
Before the suspension, your student loan payment was being applied to the principal and the interest, but mostly the interest, so it takes you so much longer to pay off your actual balance.
Whether it was hardship or lack of concern that caused you to miss your initial payments, a student loan garnishment is a reality. Additionally, a loan garnishment can be quite detrimental to your monthly income. But how do you stop a loan garnishment once it has begun?
5 Things You Should Know About Bad Credit Scores. Credit card companies will often offer credit lines to those with scores ranging in the high 500s and low 600s, but the interest rates will be less than prime. There may be additional fees tacked on as well.