Business Credit Repair - No one can legally remove accurate and timely negative information from a credit report. The law does allow you however, to request a reinvestigation of information in your file that you dispute as inaccurate or incomplete. There is no charge for this. Everything a credit repair clinic can do for you legally, you can do for yourself at little or no cost. According to the Fair Credit Reporting Act, you are entitled to a free copy of your credit report if you've been denied credit within the last 30 days. You can also dispute mistakes or outdated items for free. Ask the credit reporting agency for a dispute form or submit your dispute in writing, along with any supporting documentation.
Build and Repair your Business' Credit
Business Credit Repair - Building business credit properly is a step-by-step process that requires specific information and correctly implemented procedures to establish a sound business credit profile.
Almost all investors and lenders want to see your Small Business financial statements. By preparing a basic financial statement package for your Small Business, and keeping it current, you'll be in a better position to act quickly on financing opportunities. There are two levels of Small Business financial statements to prepare, the basic documents needed for most small business financial activities, and supporting documents needed, especially for large loans or investments.
The Benefits of Building Business Credit are:
Save time with the major convenience of purchasing with open lines of credit instead of cash
Separate your personal credit from your business credit
Establish a business image and business credibility
Use business credit to pay for monthly business expenses, travel, computers, auto expenses and whatever else you pay periodically
Have access to lines of credit for business expansion
Save money by lowering the interest you pay
Prepare for any current and future lending needs
Have cash in your business when it's needed
No need for personal credit checks or guarantees
Biggest Advantage of Business Credit Repair
The biggest advantage of having a good business credit profile is saving money. By improving your credit score you will lower the interest you pay on loans and leases. Sounds simple, but this is overlooked by many business owners.