Tag: Should

Beat the Economic Downturn With Credit Score Hacks Every Business Owner Should Know

It’s looking a lot like the novel coronavirus is leading to an economic downturn. But you can still hack a great business credit score. Here’s how.

Do You Know These Credit Score Hacks? They’re Even More Important in an Economic Downturn!

Economic downturn got you down? Beat the recession with these credit score hacks for every business owner.

Establishing business credit means that your firm acquires chances you never believed you would. You can get all-new equipment, bid on buildings, and cover the company payroll. And you can do so even when times are a bit lean. This is especially helpful in holiday firms, where you can go for months with simply negligible sales.

Because of this, you need to focus on building your company credit. Improve and maintain your scores and you will have these chances. Do not, and either you do not get these business opportunities, or they will set you back you a lot more. And no entrepreneur wants that. You need to understand what affects your company credit before you can make it better.

Recession Period Financing

The number of US banks and thrifts has been decreasing gradually for a quarter of a century. This is from consolidation in the marketplace along with deregulation in the 1990s, reducing barriers to interstate banking. See: https://www.fundera.com/blog/happened-americas-small-businesses-financial-crisis-six-years-start-crisis-look-back-10-charts

Assets focused in ever‐larger financial institutions is problematic for local business owners. Big banks are a lot less likely to make small loans. Economic recessions suggest financial institutions become extra mindful with lending. The good news is, business credit does not rely upon financial institutions.

Economic Downturn Credit Score Hacks: Your Payment History is Important

Late payments will impact your small business credit score for a good seven years. You will need to pay your business debts off, as fast as possible and as fully as possible. If you are able to do so, then you can make a very real difference when it concerns your credit scores. Make certain to pay without delay and you will enjoy the rewards of punctuality.

And pay your personal debts off as fast as possible. Pay them off in full if you can. Check Hack #3 for why this is so vital.

Your payment patterns and history are a driving force in your overall credit score. Over time, paying your bills on schedule will help establish your company as one that pays their financial obligations. This will undoubtedly help push your rating up and show other business you are a low risk.

If you pay attention to none of the other credit score hacks, you will still do well to practice this one.

Economic Downturn Recession Credit Suite

Learn more here and get started toward building business credit attached to your company’s EIN and not your SSN. Get money even in a recession!

Economic Downturn Credit Score Hacks: Keep Your Debt-to-Income Ratio in Check

Credit utilization rate just means the amount of cash you have on credit which is then divided by your total available credit.

The more debt you have on your plate, the more invoices you have, as well as the less disposable income you have. If your total debt approaches or surpasses your income level, then you’re probably to be seen as high-risk.

Keep your debts in check and regularly pay them off to maintain a healthy balance between what you make and what you owe.

Lenders commonly do not wish to see this exceed 30%. So for every $100 in credit, do not borrow on more than $30 of that. If this percent is rising, you’ll need to spend down. And be sure to work off your financial obligations ahead of borrowing more.

Economic Downturn Credit Score Hacks: Your Personal Credit Can Have an Effect on Your Corporate Credit

Are you having a bad business year? Then it could end up on your consumer credit score. And in case your small business has not been in existence for too long, it will directly impact your corporate credit.

Nonetheless, you can unlink the two by taking measures to split up them. Open a separate bank account just for the business. And use your business credit cards for your business only. The same is true in reverse – don’t use your personal credit to pay business expenses.

Keep this up, and the credit reporting agencies will start to treat your personal and small business credit separately.

Also, make sure to incorporate. Or at least file a DBA (doing business as) status. You can also take care of your company’s invoices with your company credit card or checking account, and make certain it is the company’s full name on the bill and not your own.

Your own personal credit is fair game when it concerns your Intelliscore Plus rating. Running a company is hard work, yet don’t let your personal finances suffer. Make certain that you remain on top of your personal monthly expenses. Stay clear of unnecessary credit inquiries. And do not compromise your personal credit for business needs.

Economic Downturn Credit Score Hacks: Credit History Length Matters

This is in essence the length of time your firm has been using business credit. Of course newer businesses will have brief credit histories. While there is not a lot you can specifically do about that, do not fret.

Credit reporting bureaus will also take a look at your personal credit score and your own history of payments. If your own personal credit is excellent, and especially if you have a fairly lengthy credit history, then your individual credit can come to the rescue of your business. That is, you did not just get your first credit card recently.

Naturally the opposite is also right– if your personal credit history is poor, then it will impact your corporate credit scores until your company and consumer credit can be split.

Economic Downturn Credit Score Hacks: The Credit Reporting Bureaus Can Get it Wrong

Irrespective of what your credit score is, it is crucial that you continue to be thorough and examine your personal and business credit reports. This can help you discover possible issues and stay informed by yourself credit profile.

Just like as each and every organization out there, credit reporting agencies like Equifax and Experian are only as good as their files. If your business’s name is like another’s, or your name is a lot like another business owner’s, there can possibly be some mistakes.

So keep an eye on those reports, and your small business report at Dun & Bradstreet, PAYDEX. Stay on top of these reports and dispute charges with documentation and clear communications. Do not just allow them to stay wrong! You can correct this!

And while you’re at, it you should also be keeping track of the credit reporting bureau which exclusively handles personal and not business credit. So that is TransUnion. If you do not know exactly how to pull a credit report, do not worry. It is easy – just Google to find the links to the CRAs.

Economic Downturn Recession Credit Suite

Learn more here and get started toward building business credit attached to your company’s EIN and not your SSN. Get money even in a recession!

Economic Downturn Credit Score Hacks: Use Your Credit

Keeping your financial obligations low remains sound advice. Still, opening and responsibly making the most of company credit accounts can help you broaden your available credit and enhance your credit score.

Economic Downturn Credit Score Hacks: Monitoring Your Business Credit For Less

Know what is happening with your credit. Make sure it is being reported and address any errors ASAP. Get in the practice of taking a look at credit reports. Dig into the specifics, not just the scores.

We can help you monitor business credit at Experian and D&B for 90% less than it would cost you at the CRAs.

At Equifax, you can monitor your account at: www.equifax.com/business/business-credit-monitor-small-business.

Update Your Record

Update the data if there are errors or the details is incomplete. At D&B, you can do this at: https://iupdate.dnb.com/iUpdate/viewiUpdateHome.htm. For Experian, go here: www.experian.com/small-business/business-credit-information.jsp. So for Equifax, go here: www.equifax.com/business/small-business.

Economic Downturn Credit Score Hacks: Fix Your Business Credit

So, what’s all this monitoring for? It’s to challenge any problems in your records. You can fix mistakes in your credit reports. But the CRAs often want you to dispute in a particular way.

Get your business’s PAYDEX report at: www.dnb.com/about-us/our-data.html. Get your company’s Experian report at: www.businesscreditfacts.com/pdp.aspx?pg=SearchForm. And get your Equifax business credit report at: www.equifax.com/business/credit-information.

Disputes

Disputing credit report inaccuracies usually means you send a paper letter with copies of any proof of payment with it. These are going to be documents like receipts and cancelled checks. Never mail the original copies. Always send copies and retain the original copies.

Fixing credit report mistakes also means you specifically detail any charges you contest. Make your dispute letter as clear as possible. Be specific about the concerns with your report. Use certified mail so that you will have proof that you mailed in your dispute.

Dispute your or your small business’s Equifax report by following the directions here: www.equifax.com/small-business-faqs/#Dispute-FAQs.

You can dispute inaccuracies on your or your company’s Experian report by following the directions here: www.experian.com/small-business/business-credit-information.jsp.

And D&B wants you to dispute by phone. So their PAYDEX Customer Service contact number is here: www.dandb.com/glossary/paydex.

Economic Downturn Recession Credit Suite

Learn more here and get started toward building business credit attached to your company’s EIN and not your SSN. Get money even in a recession!

Economic Downturn Credit Score Hacks: Takeaways

Hacks for your business credit score are really a fancy way of saying one thing. Be responsible. Pay your debts on time. Don’t put too much on credit. don’t neglect your personal credit. Keep your accounts open. Jump on any errors you find. Use your credit. Monitor what happens with it.  Follow these suggestions and you will be well on your way to an excellent business credit score.

Beat the economic downturn! You can prosper, even now!

Once you know what impacts your small business credit score, you are that much nearer to building improved corporate credit. Learn more here and get started toward building business credit attached to your company’s EIN and not your SSN.

The COVID-19 situation is not going to last forever.

The post Beat the Economic Downturn With Credit Score Hacks Every Business Owner Should Know appeared first on Credit Suite.

Is Content Marketing Effective? Stats Every Marketer Should Consider

There is a popular buzzword popping up all over the internet that marketers and bloggers on all levels are being challenged to understand and implement as a long-term strategy to growth and success: Content Marketing. This is an industry expected to be worth 413 billion by 2021 (MTA)! There are countless sources and statistics that …

Trump and Democrats both say workers affected by coronavirus pandemic should get paid sick leave

Republicans came out Thursday against a COVID-19 relief package introduced by House Democrats.

The post Trump and Democrats both say workers affected by coronavirus pandemic should get paid sick leave appeared first on WE TEACH MONEY LIFE SELF DEFENSE WITH FINANCIAL GOALS IN MIND.

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The One Thing Every Marketer Should Do

Marketers tend to be very reactive.

And it makes sense because every time a search engine or a social network changes their algorithm we jump as marketers.

We are conditioned to be very reactive. Whether it’s your boss who is pissed that your traffic dips or even yourself… everyone hates when sales and income drop because of something you can’t fully control.

And even when you try to be proactive, you are probably planning ahead from a 3-month period to a year max.

But that’s not how you win. You win by making bold bets that take time and can’t be done in a few months or a year… you win by doing what your competition isn’t willing to do.

So how do you come up with these bold bets?

You unplug!

Here’s how I come up with my ideas

Once a year I try to unplug. Just like right now, as I am writing this I don’t have cell reception and there is no WiFi.

I’m on a ranch in the middle of nowhere.

No matter where I look, there are no neighbors. All you have is nature in its rawest form. Just like how lightning kept going on for hours.

By unplugging and just being one with nature, you truly realize what’s important.

See, we all have problems and issues… especially in business. But how bad are your problems? Do they even matter in the grand scheme of things?

Look, I’ll be honest with you. I am not a big nature person… I’m actually quite the opposite.

I live in a modern, cold feeling house in a heavily congested city. I’m so OCD that I have a full-time cleaner come just because I’m afraid of getting dirty (seriously).

Heck, I won’t even go through airport security without having booties in my briefcase, just in the rare chance they make me take off my shoes. There is no way I can have my socks touch that dirty ground.

Yes, I am crazy when it comes to cleanliness and hygiene.

But even me, I go to places that are full of nature and wild animals… or in my case, cows, bears, deer, snakes, mountain lions, etc… being there really helps put things into perspective.

Because when you aren’t surrounded by noise caused by us humans, it allows you to clearly focus and think about what’s important.

For me, spending 3 days a year usually does the trick.

It allows me to forget about the bullshit we all have to deal with on a daily basis and come up with ideas about what I need to do over the next 5 (or even 10) years to win.

I know that sounds like a really long time… and it is. But again, to win you need to think long term and make bold bets that your competition wouldn’t dare to copy.

Just look at what I did with Ubersuggest.

I came up with that idea a few years ago by disconnecting (just like I described above).

Companies like Moz would constantly post their revenue stats and their competitors decided to also talk about their financials. So while being disconnected, I came up with an idea on how I could win and the first step was acquiring a tool like Ubersuggest.

And since then I’ve executed a few of the steps in my plan, but I still have a long way to go.

None-the-less, those steps have paid off. Just look at my traffic numbers.

So what I am going to do over the next 5 to 10 years?

I am going to turn SEO upside down again.

It hit me on this trip that we all have to go to sites like Ubersuggest, SEMrush, Ahrefs, or even Moz to get data.

But why is that?

It’s not natural in our workflow. Wouldn’t it just be easier to see this data as you browse the web?

Like when you search Google for any query sure you can use browser extensions like Keywords Everywhere to get some data or SEOquake or the Mozbar… but what you can’t get is that Ahrefs or SEMrush experience when you are just on a Google Search results page.

What will that look like? I have no clue yet, but I will figure that out over time.

Will that kill the traffic I generate to Ubersuggest over time?

Yes!!!!!!

But that is what needs to be done. I obsess about providing an amazing experience to my customers, even if that will kill off my existing business.

And no, that won’t take 5 years to do… I will probably do it over the next 6 months. I will first roll out a basic plugin like Keywords Everywhere and, eventually, I will add the functionally so you can get that type of Ubersuggest or Ahrefs experience right on Google or on your competitor’s site.

What will happen over the next 5 years though, is that I will be able to build something that gets you more traffic. Just like a light switch. Something that simple.

Why can’t we automate most of our marketing tasks? Why does SEO have to be manual when I can add a piece of JavaScript to a website and automate most of it? Why do I have to send out a blog post every time I release a new post or a push notification?

It should all be automated.

And no, I don’t mean in a templatized way. I manually send out emails every time I write a blog post because I know I can write custom copy that generates a 30% open rate and a high click rate.

But again, it should all be automated. And not just for English based sites, it should be done on a global level and work for every site in any language or country.

So how can you figure out what to focus on?

You may not be able to disconnect like me and spend the money that it costs to go to a ranch in the middle of nowhere.

And that’s fine… you don’t have to.

When I first started off, I didn’t have the resources or money, and I did just fine within my constraints.

For example, roughly 5 years ago I came up with the concept that I needed to go after global markets and compared to any of my competitors in the digital marketing realm, I’ve crushed all of them when it comes to global marketing.

Most of my competitors just translated their site or translated some of their content. Me on the other hand, I have 7 offices and teams in 18 different countries. And I’ll continue to expand so I can keep beating my competition when it comes to grabbing international attention.

But that idea didn’t come to me when I was in nature, being disconnected.

At that time, I was in my condo in the middle of Seattle and I disconnected my Internet for a few days.

Before I disconnected my Internet, I went and got food so I didn’t have to leave my house, and then I turned off all my gadgets… from my TV to phone and anything that was a distraction.

It worked well because now only 18.89% of my traffic is from the United States compared to 57% before I started to expand globally.

In other words, you can disconnect no matter where you are. You just literally have to disconnect your router, turn off your phone, and unplug your TV… it really is that simple.

If you do that for a few days, you’ll start realizing what is important and what isn’t. You’ll be able to strategize and start thinking more long term.

Conclusion

The key to winning long term isn’t by being reactive every time there is an algorithm update or even proactive and preparing for each algorithm update.

Because some of those things are simply out of your control.

Instead, you need to think long term and how you can disrupt your market to make a long-term bet that your competition isn’t willing to make.

Nike wasn’t built by SEO.

Airbnb wasn’t built through paid advertising.

American Express wasn’t built through social media marketing.

Tesla wasn’t built through content marketing.

Doing something disruptive or better than the competition is how you win.

Ubersuggest gets 1,668,233 visitors and 9,136,512 page views a month from people just coming directly. Not through SEO, marketing, or anything like that… I just focus on the future instead of being reactive.

That’s how I win.

Now, the real question is, how are you going to win?

The post The One Thing Every Marketer Should Do appeared first on Neil Patel.

What You Should Know About Consumer Credit Reports

What You Should Know About Consumer Credit Reports

Customer credit scores records are commonly made use of by organisations to aid them determine whether to provide cash or offer various other kinds of advantages to a specific customer. Credit scores bureaus give credit score record details on customers to interested events, to allow them to evaluate an individual’s danger degrees or viability for a finance or various other objective. These customer credit history records reveal the standing of your credit report rating consisting of judgments, tax obligation liens, and also various other credit scores relevant info.

To buy a duplicate of your non-mortgage consumer debt record there are a variety of get in touch with information that you can make use of:

Equifax phone call: (800) 997-2493
Create: Equifax Information Service
P.O. Box 740241
Atlanta, GA 30374-0241

Experian (Formerly TRW) phone call: (888) 397-3742
Compose: Experian National Consumer Assistance
P.O. Box 2104
Allen, TX 75013-2104.

Trans Union phone call: (800) 888-4213
compose: Trans Union Corp. Customer Disclosure
P.O. Box 390
Springfield, 19064-0390.

You can likewise obtain a cost-free duplicate of your customer credit scores record if you have actually been transformed down for credit scores in the last 2 months. If you do have an issue with your customer credit score record you can fix it. If there is inaccurate info on your customer credit score record you must recognize the following:

1. You can typically have actually unreliable details gotten rid of from your credit score record at little or no charge by calling the relevent credit rating bureau.

2. Credit history repair service frauds that entail “data partition” or concealing negative credit rating are usually prohibited.

3. Credit history repair service business are called for to supply customers with total info concerning the solutions they will certainly supply. They need to not bill a cost till after solutions have actually been supplied.

If you are ever before asked to make up a credit score repair work solution prior to they have actually efficiently fixed your customer credit rating record, it is prohibited and also you ought to not pay them. Make sure to obtain a breakdown of what they will certainly do to assist you and also understand your legal rights.

Customer debt records are typically utilized by services to aid them choose whether to provide cash or supply various other kinds of advantages to a specific customer. Credit report bureaus give credit rating record info on customers to interested celebrations, to allow them to analyze an individual’s threat degrees or viability for a financing or various other objective. These customer credit score records reveal the standing of your credit scores rating consisting of judgments, tax obligation liens, as well as various other credit rating relevant info. You can likewise obtain a totally free duplicate of your customer credit rating record if you have actually been transformed down for credit history in the last 2 months. If there is inaccurate details on your customer debt record you need to understand the following:

The post What You Should Know About Consumer Credit Reports appeared first on ROI Credit Builders.

What You Should Know About Consumer Credit Reports

What You Should Know About Consumer Credit Reports

Customer credit scores records are commonly made use of by organisations to aid them determine whether to provide cash or offer various other kinds of advantages to a specific customer. Credit scores bureaus give credit score record details on customers to interested events, to allow them to evaluate an individual’s danger degrees or viability for a finance or various other objective. These customer credit history records reveal the standing of your credit report rating consisting of judgments, tax obligation liens, and also various other credit scores relevant info.

To buy a duplicate of your non-mortgage consumer debt record there are a variety of get in touch with information that you can make use of:

Equifax phone call: (800) 997-2493
Create: Equifax Information Service
P.O. Box 740241
Atlanta, GA 30374-0241

Experian (Formerly TRW) phone call: (888) 397-3742
Compose: Experian National Consumer Assistance
P.O. Box 2104
Allen, TX 75013-2104.

Trans Union phone call: (800) 888-4213
compose: Trans Union Corp. Customer Disclosure
P.O. Box 390
Springfield, 19064-0390.

You can likewise obtain a cost-free duplicate of your customer credit scores record if you have actually been transformed down for credit scores in the last 2 months. If you do have an issue with your customer credit score record you can fix it. If there is inaccurate info on your customer credit score record you must recognize the following:

1. You can typically have actually unreliable details gotten rid of from your credit score record at little or no charge by calling the relevent credit rating bureau.

2. Credit history repair service frauds that entail “data partition” or concealing negative credit rating are usually prohibited.

3. Credit history repair service business are called for to supply customers with total info concerning the solutions they will certainly supply. They need to not bill a cost till after solutions have actually been supplied.

If you are ever before asked to make up a credit score repair work solution prior to they have actually efficiently fixed your customer credit rating record, it is prohibited and also you ought to not pay them. Make sure to obtain a breakdown of what they will certainly do to assist you and also understand your legal rights.

Customer debt records are typically utilized by services to aid them choose whether to provide cash or supply various other kinds of advantages to a specific customer. Credit report bureaus give credit rating record info on customers to interested celebrations, to allow them to analyze an individual’s threat degrees or viability for a financing or various other objective. These customer credit score records reveal the standing of your credit scores rating consisting of judgments, tax obligation liens, as well as various other credit rating relevant info. You can likewise obtain a totally free duplicate of your customer credit rating record if you have actually been transformed down for credit history in the last 2 months. If there is inaccurate details on your customer debt record you need to understand the following:

The post What You Should Know About Consumer Credit Reports appeared first on ROI Credit Builders.