While most people know a little bit about personal credit, very few understand anything about business credit.  Every day, I see countless people spreading false information about things like what lenders are looking for in underwriting, how to improve your business credit profile, and how creditors report it.  The latter is what we’re going to … Read more

I’m a big fan of using 0% introductory rate business credit cards to fund a company because this strategy is superior to others by a large margin.  But that doesn’t mean it’s foolproof.  The most common mistake I see entrepreneurs make is securing and deploying capital, and then not repaying it in a timely manner. … Read more

Despite increasing interest rates and credit balances, banks are facing a more challenging business environment today.  That’s because late payments and defaults are also increasing, and unfortunately, that’s happening at an even faster pace compared to previous years.  Our weak economy is also impacting consumers and small businesses as well. Since they don’t have the … Read more

If you spend enough time doomscrolling social media, you’ll eventually see someone claiming the financial system is about to change forever. Recently, someone forwarded me a viral video warning that major changes to the credit system would destroy Americans’ credit scores overnight. The creator pointed to three issues: Buy Now, Pay Later accounts, the rise … Read more