Mindblown: a blog about philosophy.
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How Important Are Your Company Credit Score(s) to Lenders?
Have you ever been denied funding because your company credit score wasn’t high enough? As you probably know, when it comes to applying for a personal or consumer credit offer – your credit score is a heavily weighed factor when it comes to a lender deciding how much credit to extend to you. But things are a…
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How Carrying a Balance Affects Your Company Credit Scores
Wonder whether carrying a balance on your corporate credit accounts will help or hurt your company credit scores? That’s an important distinction to make… Just like a personal credit score, two of the biggest factors in determining your company credit score are your payment history and credit utilization. Credit bureaus & lenders like to see that your credit…
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How Much Do Small Transactions Affect a Business’ Credit Scores?
Have you ever wondered what transactions affect your business’ credit scores? Many people believe that only large transactions like loans show up and affect a business’ credit scores. Others believe that small transactions don’t get reported or affect your business credit scores at all. Tips About Business Credit Scores A business’ credit scores are just…
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This Will Make or Break Your Journey When Building Business Credit
How’s Your Journey of Building Business Credit Going So Far? What happened the first time you applied for a credit card or loan that was “out of your credit league”? You’ve may hit the submit button, only to end up with the dreaded 7-30 day message that puts you in limbo about whether or not…
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It Doesn’t Have to Take Years to Build Business Credit
Have you avoided starting to build business credit because you’re worried it will take too much time? Have you ever applied for credit only to see that you didn’t quite meet all the requirements? There are tons of hurdles that you’ll face as a business owner. One of the biggest, though, is ensuring you have…
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A Surprising Element That Affects Your Business Credit Profile
Got questions about your business credit profile & getting approvals? We hope you’ve been finding our short posts helpful so far. We know there’s a lot to learn… There’s one thing you want to avoid if you want to get approvals…And that’s using the wrong kind of business address… In fact your company address can have…
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Corporate Credit Scores: What to Know Before Closing Your Old Credit Accounts
Ever wonder how closing account affects your corporate credit scores? That’s a great question! Especially when you consider that 15% of your personal credit score is determined by your length of credit history. So it’s easy to see why people might think that closing an account would also significantly reduce your corporate credit scores. While corporate…
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Small Business Credit: How to Get Approved for Billions – Seriously.
How’s your small business credit journey going so far? What’s the highest limit you have on your personal credit cards? A thousand dollars? A few thousand dollars? $10,000 or more? $10,000 and $20,000 limits may seem high for personal credit cards, and it is. But you should never assume that you can get just as much money…
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Important Tips for Building Business Credit with EIN
Got questions about building your business credit with EIN? Unlike personal or consumer credit, you want to build business credit with EIN or Employer Identification Number that’s generated from the IRS (for FREE). True or False… Having an EIN (Employee Identification Number) means you have an established credit profile for your company. If you said ‘False’ –…
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How to Build Business Credit as a New Business
Wondering how to build business credit as a new business? How long has your company been in business? 6 months? 12 months? 2 years? Longer? Even if you haven’t started your company yet – you should know it can take a while until you become profitable… Two to three years is a long time –…
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