How to start a Small Business with no Money and Bad Credit?
Having a very low credit score can drive you nuts. Majority of creditors consider 620 as the bottom cut off for prime loans, which is kind of like the separating line between good and bad credit. What more if you’re trying to venture into business? Watch this video.
Why A Good Credit Score Is Important To Your Business
Apparently, having a good credit is your ticket to a lot of opportunities like getting approved easily for a mortgage, getting a car, getting yourself into post-secondary education, or opening your own business.
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Categories: Credit Score Videos Tags: approved, Business, Credit, Good, Important, opening, Score, secondary, Video Rating
when does a small business employer NOT have to report an employees wages and taxes?
Question by jamzesmom: when does a small business employer NOT have to report an employees wages and taxes?
Like is there a limit to what she has to pay someone..like 600.00 a year? She says I am considered casual labor and as long as my wages dont exceed 600.00 she doesnt have to pay taxes and neither do I…This is a small bookstore. That I no longer work at by the way because she wanted to pay me 100 percent “store credit”.
Best answer:
Answer by Judy1
If you are an employee, they must take out taxes and give you a W-2 at the end of the year no matter how little you make.
If you work as an independent contractor, they only have to give you a 1099 if they pay you $ 600 or more in a calendar year. You still are required to report it on your tax return though if you made over $400, or if you file a return for any other reason.
What do you think? Answer below!
Categories: Credit Score Questions Tags: Business, employees, employer, Report, small, small business, taxes, wages
Q&A: Is your personal credit the same as business credit?
Question by Cajun_ Creater: Is your personal credit the same as business credit?
My personal credit is horrible because of a bad marriage, separation and I live on SSI , so it is has been difficult to rebuild my personal credit.
I was wondering if business credit is the same as personal credit? Do they use the same process?
Best answer:
Answer by Robbyz3
The answer is yes and no. Many small business owners use their personal credit to run the business which is wrong. For personal credit you have Transunion, experian, and equifax. The major business credit bureua is called Dunn and Bradstreet. With D&B your business vendors (if they choose) will report and you will build a “credit score” with them. If you establish a business make sure to contact D&B and setup your business credit profile. You can and should run a business solely off of your business credit to protect your personal credit incase something goes wrong with the business (and we all know many new businesses fail) Remember, when you call D&B they are in SALES so they want you to spend as much money as you can. Use them to get information, and if you feel it necessary, purchase some of their products. Good luck.
Give your answer to this question below!
Categories: Credit Score Questions Tags: Business, Credit, Personal, same
Q&A: I have bad credit – if I open a new business, can I apply for a credit card that has “fresh credit”?
Question by mobyisaparrothead: I have bad credit – if I open a new business, can I apply for a credit card that has “fresh credit”?
I have bad credit history – if I open a business, and apply for a credit card, will they still pull my credit and still decline me, or will they issue a new credit card under the new entity (new business?)
Also, if they do issue this new card, will good credit history of payments ever be reflected to my personal credit history if the payments on time are done under the business name’s credit card?
Best answer:
Answer by annazzz1966
Business credit is just for the business entity and not for your personal use. Any credit opened in the name of the business will remain in the name if the business and not become a part of your personal credit history.
Know better? Leave your own answer in the comments!
Categories: Credit Score Questions Tags: Bad Credit, Business, credit card
Marketing Plan Template for Credit Score Repair Service Business MS Word / Excel
Marketing Plan Template for Credit Score Repair Service Business MS Word / Excel
- Complete Marketing Plan Template Pre-Populated With All Necessary Sections
- Comes in MS Word and MS Excel Format For Fast and Easy Editing
- All Charts and Graphs Automatically Update So You Can Complete Your Plan Quickly and Easily
- Includes All Sections and Complete Budget Needed For A Comprehensive Promotion Plan
- Shipped Lightning Fast On A High Capacity CD ROM
How would you like to start or expand your business with a professional marketing plan that’s designed to save you time and money and help generate tons of customers for your business? How great would it be to use a professional, proven marketing plan that is fine tuned to generate more customers for your business with a minimal investment of your time and money?
This May Be The Most Important Investment You’ll Make In Ensuring A Successful Launch Of Your Business!
This marketing plan will provide you with incredible secrets to generating and securing customers and powerful marketing techniques that provide a fantastic return on your advertising investment, and more! Take the first critical step towards a better quality of life and financial freedom right now!
You Need A Great Marketing and Promotional Plan If You Want To Succeed In This Business!
Developing a marketing plan is a critical step in starting any successful business, and it is not something you want to just jump into without experience and a little help to get you started.
Think about how much easier it’s going to be to using a complete, preformatted marketing plan specific to your business and industry, with all the required sections written for you, and all of the forms and budgets automatically generated for you!
Save countless hours of work and receive an incredibly valuable marketing plan that you can use to secure customers, generate sales, and manage your business marketing, advertising, and promotion expenses, and so much more!
This Marketing Plan Package Is The Solution
You’ve Been Looking For!
So why am I selling it at this price and giving you so much value for your money? Because I want to offer you a fantastic deal and help you get your business off to a solid start, so you recommend me to your friends and family, and leave great feedback! That means, over time, I can help more people enjoy the benefits of small business ownership!
List Price: $ 14.97
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Business Plan for How To Start Credit Score Repair and Credit Counseling Services
Business Plan for How To Start Credit Score Repair and Credit Counseling Services
- Complete Business Plan Template Pre-Populated With All Required Sections
- Comes in MS Word and MS Excel Format For Fast and Easy Editing
- All Charts and Graphs Automatically Update So You Can Complete Your Plan Quickly and Easily
- Includes All Sections and All Financial Statements Required By The SBA
- Shipped Lightning Fast On A High Capacity CD ROM
How would you like to start or expand your business with a professional business plan that’s designed to save you time and money and get your business started right?
This business plan will provide you with incredible tools to forecast the finances of your business, secrets to generating and securing customers, powerful market and industry information, and more! Take the first critical step towards a better quality of life and financial freedom right now!
Writing a business plan is the first and most important step in starting any business, and it is not something you want to just jump into without experience and a little help to get you started.
Think about how much easier it’s going to be to using a complete, preformatted business plan specific to your business and industry, with all SBA required sections written for you, and all of the financial statements automatically generated for you!
Save countless hours of work and receive an incredibly valuable business plan that you can use to secure funding and estimate your business finances, sales, costs, and so much more!
OK, So What Is All Included With My Business Plan?
You’ll be receiving a professionally formatted, easy to follow business plan that is specifically written to start up this business. All you need to do to complete the plan is fill in the information that is unique to your business!
This business plan template comes in MS Word and MS Excel Format. The Word document averages 24-26 pages in length, and includes all sections required by the SBA.
The MS Excel Template includes 17 unique spreadsheet calculators that allow you to quickly and easily input your startup costs, sales forecasts, product prices, employment plan, and much more! The charts automatically update based on your inputs for fast and easy editing. Use this plan as a template for completing your business plan and you will save countless hours developing a professional business plan.
List Price: $ 14.97
Price:
Categories: Credit Score Products Tags: Business, counseling, Credit, Plan, Repair, Score, Services, Start
Living Well with Bad Credit: Buy a House, Start a Business, and Even Take a Vacation – No Matter How Low Your Credit Score Reviews
Living Well with Bad Credit: Buy a House, Start a Business, and Even Take a Vacation – No Matter How Low Your Credit Score
- ISBN13: 9780757313585
- Condition: New
- Notes: BRAND NEW FROM PUBLISHER! 100% Satisfaction Guarantee. Tracking provided on most orders. Buy with Confidence! Millions of books sold!
If bad credit has happened to you, there is something you can do about it
Feeling broke and battered? We know the feeling—heck, everyone knows it. According to the Wall Street Journal, 110 million Americans have bad credit—almost 50% of the adult population. But we don’t have to be depressed or discouraged about it. There is life after bad credit. In fact, there’s even life during bad credit.
Living Well with Bad Credit is the right help at the right time. If you’re bravely soldiering on despite your finances going south, this informative book is for you. It puts the emphasis on living with bad credit—and living well. Veteran journalist Geoff Williams (AOL’ s personal finance blog WalletPop, CNNMoney.com, Bankrate.com) and media powerhouse Chris Balish, an Emmy Award-winning broadcast journalist and author (Living Well Without a Car), have teamed up to bring readers:
• Usable tips on how to embrace, and even benefit from, a low credit score
• Invaluable advice for dealing with ‘lifestyle’ events such as how to buy a car or qualify for a credit card with bad credit
• Interviews with dozens of experts and successful professionals who share ideas on how to live with the negative effects of bad credit
• Practical discussion on topics that go beyond finance, such as healing self-esteem and building relationships in spite of bad credit
While bad credit can be a setback, it doesn’t have to be a roadblock. This expert guide is just the ticket to a better life once again
List Price: $ 12.95
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Identity Theft Victim Fights Back to Recover Good Credit | Nightly Business Report | NBR | PBS
Did you know that one of the leading crimes nowadays is theft identity? Yes it is common on how people steal people’s names, social security and even credit card numbers.
The video will show you how this person fights back to recover good credit and prevents from making the damage even worst that can cost a lot.
You will also be guided on how you can avoid this from happening to you and be aware of the necessary procedures you can do to solve this kind of issue. It will be your advantage to know everything there is about this crime that can save you a lot.
So enjoy and watch this video about Identity Theft Victim Fights Back To Recover Good Credit / Nightly business Report / NBR/ PB.
Credit Management Kit For Dummies (For Dummies (Business & Personal Finance))
Credit Management Kit For Dummies (For Dummies (Business & Personal Finance))
The painless way to manage credit in today’s financial landscape
People with great credit scores are getting turned down for credit cards and loans for homes and cars. What do they need besides a good score? What are lenders looking for now that they are extremely risk-averse? Repairing broken or damaged credit is one thing, but having to meet today’s much stiffer credit standards requiring that consumers consistently manage their credit is another thing all together. Credit Management Kit For Dummiesgives you answers to these questions and insight into these concerns, and also walks you down the correct path to credit application approval.
You’ll discover major changes with the Credit CARD (Credit Accountability, Responsibility, and Disclosure) Act provisions and the new Consumer Financial Protection Legislation Agency; the effect of tightened credit markets on those with good, marginal, or bad credit; new rules and programs including Hope and Government options via the Obama Administration; the best ways to recover from mortgage related credit score hits; tips for minimizing damage after walking away from a home; credit score examples with new ranges; and much more.
- The pros and cons of credit counselors
- The quickest and most effective way to undo damage from identity theft
- Advice and tips about adding information to a credit report, and beefing-up thin credit
- Guidance for evaluating your Credit Score in today’s economy
- Fannie Mae’s revised guidelines for purchasing mortgages
- Information on significant others (boyfriend/girlfriend/spouse) and credit and debt sharing
- IRS exceptions to the Mortgage Forgiveness Debt Relief Act in a mortgage meltdown situation
Not just for those who have bad credit and need to repair it, Credit Management Kit For Dummies also serves as an invaluable resource for those with average credit who want, or need, to manage it to get a job, reduce insurance costs, qualify for banking products, and more.
List Price: $ 34.99
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Categories: Credit Score Products Tags: Business, Credit, Dummies, finance, Management, Personal