 Posted: Thu 5:36, 15 Aug 2013 Post subject: abercrombie outlet uk Secured Business Credit Card |
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| Posted:April 27, 2010Comments:Views:2
Share this article Secured Business Credit Cards for Your Small Business Consumers have more than enough secured credit card offers to choose from but it seems to be much more of a challenge for small business owners. If you are having a hard time finding the right secured business credit cards for your company don't worry because I'm hoping this article will point abercrombie outlet uk you in the right direction. What's most important is first ensuring that the secured card you select as a business does in fact report to the business credit reporting agencies not your personal files. Most of the cards hollister outlet you hear louboutin about that help rebuild your credit are for consumers and not for businesses. You also have to be careful because some of these cards will hurt your credit rather than help it. What I mean is that some cards in the industry are issued by high risk lenders and by having these types of cards reporting on your files will louboutin pas cher automatically identify you as a high risk to other lenders in the industry. For hollister france example, First Premier Bank is known as a high risk lender and its rates prove it. They even offer a card with a 79.9% interest rate hollister uk for the moncler riskiest of borrowers. So stay away from secured credit card offers from high risk lenders like First Premier Bank and consider using Orchard Bank or some of the other mainstream lenders. Now when it comes to your business I would encourage you to apply for the CSI Secured Business MasterCard. You will hollister france need a minimum of $1,000 to open an account with them and your payments are reported to the business credit bureaus. Keep in www.achbanker.com/home.php mind that your deposit equals your credit limit but it doesn't work like a debit card. The money you have on deposit is untouched and is simply security jordan in case you default on your payments. The larger the deposit you can put down the greater the credit limit your card will be. Best of all the higher the credit limit the better it reflects on your business credit profiles. If the funds are a bit of a stretch there are also other secured business credit cards that only require a $500 deposit that report to the business credit bureaus as well. Once you have a secured card it's important to keep the account active by using it to make business purchases. Keep the debt to barbour paris credit utilization low which is typically no more than 30%. You also need to pay abercrombie outlet your bill ahead of schedule and if possible increase your deposit at least once every six months. Remember, your goal is to eventually qualify for unsecured business credit cards and it all starts with establishing a solid payment record on your files. After six months of timely payments you can also request an account review to see if you qualify for a credit limit increase with no additional security deposit. So when it comes to secured business credit cards I encourage you to select the right card, make a deposit, make business purchases, pay ahead of time, increase your limits and request a review after six months. 相关的主题文章: abercrombie outlet uk Fantastic LV Items at Louis Vuitton On www.barbourfranceboutique.fr 7 Proper Money Princples [url=http://www.lhrb.com.cn/home.php?mod=space&uid=444577][/url] |
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