The adage, “it takes money to make money” applies to any new or old business, but not everyone has access to startup capital. That’s where business credit comes into play. Cash, credit, and money, in general, are all necessary to keep the heartbeat of a business throbbing. Businesses will always need cash to start their operations, whether it’s to purchase inventory, equipment, or pay employees.
However, what’s the difference between personal and business credit? It’s important to establish a separate line of credit that is separate from your personal history and to create a new credit identity for your business. After all, you are not your business and your business is not you. This makes it possible to separate liabilities and create a legal barrier between you and your business. A business credit profile also separates you and your business from the credit bureaus.
To start business credit, you need to start a separate entity from yourself, such as a corporation or limited liability company. This means that you have to apply for a tax identification number, which allows you to properly file taxes and report them to the IRS in a legal manner. Once that is done, you can start applying for various types of business credit.
After growing your business and starting each credit account among your suppliers and utility companies, it’s important to also monitor your business’ credit history and accounts like you would with your personal credit history. All lenders, furnishers, and creditors will look through your business credit history to see if they will lend out money, so it’s important to keep things all on the books and make sure everything is accurate.
If you have any questions, feel free to give us a call at 877-212-2450!
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Ok so I've been holding off writing this review for about 7 months. And as you can see by the 5 stars I left I'm beyond happy with the services this company provided me. I was skeptical at 1st even though they had stellar reviews (which is why I chose them) but there's always that thing in the back of my mind of "well they probably won't be able to help me though, I will be that exception they cant fix". Needless to say they absolutely crushed getting EVERY collection I had off my report!!! I had about 5 grand worth of stuff on there that they managed to make disappear like magic. My credit has shot up over 150 points! I cannot say enough good things about them. I even referred my coworker to them after and they sent me a $50 referral check back! If you're looking to clean up your credit, don't wait, call these superstars and get on your way to feeling confident about your credit again. I feel like a huge weight has been lifted off my shoulders and I'm so grateful. Thank you fix your credit!!!
I worked with Mia and Said for over a year, I believe. They were beneficial and responsive. Although we were not successful with all of my accounts, they still helped me raise my credit by about 100 points. So I stand satisfied. I recommend them. Not to mention there prices are very competitive. Thank you all.
I called this place about 3 months when I decided it was time to fix my credit. I spoke with Mia, she walked me thought the whole process in a 5 minute phone conversation. It was simple enough so I decided to pull the trigger and signed up. Its only been 3 months and already they have removed negative items and improved my score significantly. I strongly recommend to give them a call as soon as possible, I waited too long and I wish I would have called sooner. I will update in a few months with the final results.
These guys are legit and professional at what they do and very quick as well very responsive and knowledgeable and they will do everything they can on your behalf
ASK FOR MIA SHE IS THE BEST.
