Showing posts with label business credit. Show all posts
Showing posts with label business credit. Show all posts

Sunday, February 5, 2012

Help Your Small Business Succeed With A Credit Card





Summary:
One of the many difficulties of starting a small business is gaining access to capital during the startup phase. With the large growth in small specialty businesses across the country, credit card companies are beginning to design special programs to help this new breed of business achieve success. For even those small businesses that have access to capital, the perks and benefits associated with small business credit card programs, can still be useful to help you compete mor...


Entrepreneurs Don't Have Average Credit Scores





Summary:
Fair Isaac, the company that develops the formula to determine credit scores looks at the average statistics of consumers and factors that into your score, called a (FICO).  According to Fair Isaac the average consumer will have: 


· One inquiry on their personal credit report in a given year
· 54% of credit holders carry a balance of less then $5,000 on all debts other then a mortgage
· Have access to $12,190 on all credit cards combined