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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In his first State of the Union address, President Barack Obama proposed a range of higher education reforms: an expanded education tax credit, a lower payment cap on federal student loans, and more student loan forgiveness measures that education officials and consumer advocates say will be beneficial to graduates and families feeling the growing pressures of student loan debt.

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With this present economic situation, no wonder why everybody is concerned about the future. More employees are been laid off from their companies and finding another job is difficult. With this unemployment arising many people turn to small businesses to have stable source of income. In fact, it is said that small businesses are now considered as the backbone of the American economy.

Are you thinking about starting your own small business as well? If yes, Read the rest of this entry »