Repair Damaged Business Credit

Obtain Business Reports to know what’s on your business credit you should obtain business credit reports from the main business credit reporting agencies. Business credit reports are offered by Experian, Dun & Bradstreet, and Equifax. You will first want to get a copy of your business credit reports to see what is being reported.

You might have already heard of the FCRA. The Fair Credit Reporting Act outlines consumer’s rights to dispute inaccurate information on their credit reports. But it’s essential to know that this law does NOT apply to credit repair. There are currently no laws which outline business owner’s rights regarding credit disputing. The FCRA also requires credit issuers to notify you of what bureaus they pulled your credit data from to determine your denial for financing. In the business credit world this is not the case, you rarely ever know the source that pulled your business credit or the reporting agencies they pulled it with.

If you see accounts or details you don’t recognize or you feel are inaccurate, request a debt validation for that account using a debt validation letter. A debt validation is where you solicit the creditor for verification of the account details they are reporting. They will typically send you back details of your account that they are reporting. The FCRA and the fair debt collections practices act apply to consumer debts, not business debts. So you can send a debt validation letter, but the creditor is not required by law to respond to your dispute.

When sending a debt validation request, your request must be sent to the creditor in writing. Also insure you dispute the debt with the credit agencies if the creditor doesn’t respond to your request. If no response is received within 30 days of mailing the letter directly to the creditor, then you should then dispute the account with the business reporting agencies.

Based on how you pay your bills. If you pay the majority of reported accounts on time or early, you will have a good score. Most business owners have little to no credit reporting. So, even one negative account can have a BIG impact on their business score. It is essential that you continuously build your credit profile just as you do with your consumer credit. One of the best ways to battle negative information on your report is to offset it with LOTS of positive information. So continuously build your business profile just as you do with your consumer credit.

Making Money Explained

In practice this is about finding ways to earn extra money or quick ways to raise some cash. This is supported by the articles offered when you do a search on this or related search phrases.

But what about how in terms of the mechanics? How does this really work as a process, as a means to obtain money? The term implies production of money or generating money in volume not a bit here or there by doing quick jobs.

Typical Thinking On Making Money

Searches on Google will result in ideas on what to do by way of providing a service or item in exchange for money.

What really stood out to my analytical gaze was all of these things involved what amounts to doing some type of work or job.

That is where I differ when I describe this process. Yes, it involves the exchange of money but not so much from doing a job. There are fundamental problems with jobs which actually involve earning money instead.

Jobs Limit Earning Potential

In the process of my research and analysis of why it is difficult to get ahead, I found that the problem was in jobs.

There is a lot of important information I can share about jobs, productivity, salary ranges, earning potential and so on, but for now just think about this one aspect: earning potential.

Any job limits earning potential to the wage salary range of that job.

One serious drawback of this is that no matter how productive you may be you cannot earn more than the fixed wage rate. Put another way, even if you manage to do three times the work typically done in an hour, you only earn the hourly wage.

That means that while you are super productive in your output you don’t get rewarded unless of course you have made an agreement with your employer to be paid for higher productivity. It is not something often done and it is an important aspect of employment that I found in my research.

To Truly Make Money There Are No Limits

Let’s return to the idea of generating money in volume instead of doing a job here and there for a limited sum of money.

If you are confined like a caged animal between wage salary ranges then you really are limited in how much money you can make.

Let me make this point as a challenge to the notion of making money in a job.

If you actually could ‘make money’ in a job then why doesn’t everyone just work and make enough money so they don’t have any more money shortage problems?

The truth is you can’t. You can never earn more than your salary range! That’s why you need to learn how to do this to afford what you want.