A good business credit score can be just as important as a good personal credit score. There are a lot of misconceptions about what a good business credit score entails. For the past two weeks, we have been posting articles about the different types of business credit scores you should be paying attention to. At […]
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What is a DUNS number exactly? The definition of DUNS is a “data universal numbering system” that is managed by Dun and Bradstreet (D&B). It is a unique nine-digit number that is specific for each business. Even though there are over 250 million entries, there are more numbers to go around. The DUNS number format […]
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In this day and age, why do entrepreneurs risk failure to go into business online without giving customers easy payment options? The recession, the stock market instability, and social, financial discontent are reaching boiling point. On top of all that, banks are not offering credit as they were during the housing bubble and businesses are […]
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You may be wondering “why is it important to maintain a good credit score?” There is a lot of misinformation around concerning what is a “good” and “not good” credit score. The truth of the matter is that each credit reporting agency want to distinguish itself from the others. This results in a credit score […]
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If you are thinking about checking your business credit, you will want to know your PAYDEX score. You may be asking yourself: First, “What is a PAYDEX Score?” and then, “How do I get my PAYDEX Score?” In this article, there is going to be discussion on practical tips to manage financial stress for your […]
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Once you open a business, there is a business credit score created. You may ask, “What’s my business credit score then?” Your business credit score will significantly affect the quality of the business credit lines you can obtain. Businesses that are not aware of their business credit score do harm to their future operations by not […]
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Whether you are here because you had a merchant account cancelled unexpectedly, have bad credit, operate a known risky business or just curious, it is a straight forward process to get a high risk merchant account. There are many factors that go into a financial institution’s decision to approve any business for a merchant account. […]
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If you are here, you are looking for the answer to: what does underwriting mean? There are many types of underwriting: bank underwriting, insurance underwriting, and securities underwriting. For this article, we are going to focus on bank underwriting, but they all follow the same basic process.
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What does chargeback mean exactly in terms of business credit card transactions? It is certain that the best kind of business transactions are the ones that go smoothly, without a hitch. However, sometimes the customer is not happy with the product, service, timing, or delivery. Before a single chargeback can take place, an individual must have […]
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Many start-up business owners ask, “What do I need to open a business bank account?” A more important first question might be, “Do I need a business bank account in the first place?” Corporations and sole-proprietorships have different requirements for receiving payments, as well as for reporting them for sales tax, corporate and personal income taxes, etc.
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