As a small business owner, you will likely never have to worry about providing a customer credit card for patrons of your business. However, in addition to a small business credit card that you take out from a bank, you may want to consider taking out credit cards from businesses that your company relies on. If you frequently use Home Depot, Target, or other major retailers, you may be eligible for a business account with them.
Opening up a credit line with retailers and getting a customer credit card as a business can be a smart step for improving your credit line. When you maintain a good business relationship with other companies and promptly pay your company's bills, it is reflected in your credit score. Good credit is attainable if you use the right tools, and taking out a customer credit card under your business profile may be a smart move for you.
Visit http://www.icreditinc.com for more information on credit.
Credit education starts with ICC! Innovative Credit Consultants presents must read information for consumers nationwide. ICC is devoted to making credit count! Get the right information about your credit report today www.icreditinc.com.
Wednesday, April 21, 2010
Monday, April 19, 2010
Man Uses Credit Card Points to Survive
How would you use your credit card reward points? Lavish hotels? Broadway shows? One man uses them to keep a roof over his head.
Thomas James converted his United Airline points in order to stay at Holiday Inn after being laid off from his six-figure corporate development job over a year ago. He now records his journey on Twitter as HomelessThomOC. Currently, living between hotels and his BMW, James keeps his possessions in storage and lives in a $5 a day, food budget. "I lived off of savings and unemployment for a while," he says, "but that all ran through, and I lost the house about two months ago,” he said in a CNN article. After his journey was picked up by Orange County Register, his story was posted in CNN, MSN and Walletpop. He now has over 2,000 followers, going strong.
Recessions have proved a valuable test of discipline, wits and creativity during the past year. What measures have you taken to survive during these hard times? We want to hear from you!
Thomas James converted his United Airline points in order to stay at Holiday Inn after being laid off from his six-figure corporate development job over a year ago. He now records his journey on Twitter as HomelessThomOC. Currently, living between hotels and his BMW, James keeps his possessions in storage and lives in a $5 a day, food budget. "I lived off of savings and unemployment for a while," he says, "but that all ran through, and I lost the house about two months ago,” he said in a CNN article. After his journey was picked up by Orange County Register, his story was posted in CNN, MSN and Walletpop. He now has over 2,000 followers, going strong.
Recessions have proved a valuable test of discipline, wits and creativity during the past year. What measures have you taken to survive during these hard times? We want to hear from you!
Tuesday, April 13, 2010
Advice for College Grads and Credit
As you or your child, take the next glorious step towards the “real world”, there are several things that you must know. The world of money and finances can not only be terrifying, but life-altering. Getting the right information, early, is detrimental to the success of a smart consumer.
Credit is complicated. The concept is often misconstrued by those who do not take the time to understand its purpose. Many young people who receive their first credit card tend to look at it as the golden goose that, an infinite source of currency. Unfortunately, it is not. It is essentially a loan that must be paid back. If you don’t pay it back, more and more fees and interest will be incurred until you essentially pay more for what you bought, in the first place.
With the new credit card laws in effect, the credit card application age has changed from 18 to 21 years of age. This allows for students to gather more maturity and learn about budgeting before they apply for a credit card. Though some are not happy with the new limits, it may save millions of people from incurring so much debt before they can afford to pay it off.
Check out this article from MSN to find out more about what college students need to know about credit, loans and other financial needs.
Parents, though college is a time full of education and knowledge, most college students will not have an opportunity to learn about finances from anything other than experience. Don’t let your child fall into debt. Sit down and have a talk about budgeting and credit. Remember, when you cosign a loan, your child’s debt, is your debt.
Do you have questions about credit or your credit report? Visit http://www.icreditinc.com for FREE information and a FREE credit consultation.
Credit is complicated. The concept is often misconstrued by those who do not take the time to understand its purpose. Many young people who receive their first credit card tend to look at it as the golden goose that, an infinite source of currency. Unfortunately, it is not. It is essentially a loan that must be paid back. If you don’t pay it back, more and more fees and interest will be incurred until you essentially pay more for what you bought, in the first place.
With the new credit card laws in effect, the credit card application age has changed from 18 to 21 years of age. This allows for students to gather more maturity and learn about budgeting before they apply for a credit card. Though some are not happy with the new limits, it may save millions of people from incurring so much debt before they can afford to pay it off.
Check out this article from MSN to find out more about what college students need to know about credit, loans and other financial needs.
Parents, though college is a time full of education and knowledge, most college students will not have an opportunity to learn about finances from anything other than experience. Don’t let your child fall into debt. Sit down and have a talk about budgeting and credit. Remember, when you cosign a loan, your child’s debt, is your debt.
Do you have questions about credit or your credit report? Visit http://www.icreditinc.com for FREE information and a FREE credit consultation.
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