1. Plan
Whenever you go somewhere that you know will cost you some money, make a plan. If you re going to do the groceries for instance, make a list and stick to it. If you are going on vacation, create an itinerary that you can stick with and stay with your allotted expenses. Failing to plan can cause impulse spending.
2. Budget
This is one area many people fall in trouble with. They just don’t do it. Create a budget and put it on paper. You will be amazed on how things become clearer when you see it all in writing. If you don’t know how to create a budget, look in the yellow pages, some companies give free financial consultations.
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Tags: bad credit, business credit, loans for women In today’s challenging economy, business owners should be diligent in protecting and, if necessary, repairing their business credit reports.
Unfortunately there’s not much helpful information regarding business credit repair and how you go about correcting errors, inaccuracies or obsolete information on your files with the three main business credit bureaus.
Just the other day one of my members was debating whether to purchase a shelf corporation or work on his existing entity which had two derogatory marks on its DNB file.
He felt it would be much easier to start over instead of working on repairing his existing file because he had no idea of how to go about correcting it.
I suggested he follow some simple steps to initiate an investigation and after one business day his file was updated and the negative marks were both deleted on his file.
This is why it’s so important to monitor your files because the only one who is policing them and ensuring that the data being reported is accurate is you!
There are currently no laws that protect business owners from unfair business credit reporting, like the Fair Credit Reporting Act does for consumers. Business credit repair starts with you and in order to help you I’ve put together several steps you will need to take to initiate an investigation with the business credit bureaus.
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