Tag: Credit

ASDA Cashback Credit Card – No Annual Fee – Asda Money #travel #credit #card

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Turning your everyday shopping into cashback vouchers

All cashback earned by additional cardholders will be awarded to the primary cardholder.

**Credit Card Balance Transfer Terms and Conditions: Balance Transfer fee of 3% (minimum fee £3 per transaction) will be charged in respect of each Balance Transfer. Subject to account status. Account Terms and Conditions apply. You can Balance Transfer up to 90% of the available credit limit within the first 90 days of account opening. Balance Transfers from existing Store card and MasterCard accounts and loans issued and administered by Creation Financial Services Limited and Creation Consumer Finance Limited and MasterCard accounts originally issued by Sygma Bank UK are not permitted. If at the end of the 0% period you haven’t paid off the amount of the Balance Transfer in time, interest will become payable on the remaining amount at your standard Balance Transfer rate. Minimum value for Balance Transfer is £50. All other transactions during the promotional period will be charged interest at the standard rate then applicable. If you do not make at least your minimum payment on time or you exceed your credit limit you will lose the promotional rate and any balance will be charged at the standard rate.

°For purchases of £200 or more online at George.com (after any applicable discount): No interest shall be charged on qualifying purchase(s) for the six months following the date of purchase(s). After the six month period the interest rate for Standard Purchases applicable to the account is then payable on any remaining balance of the purchase. To qualify, purchases must be made at George.com on a valid Asda Cashback Credit Card in a single transaction. The promotion may be withdrawn or extended by Asda Money at any time without prior notice. If you do not make at least your minimum payment on time or you exceed your credit limit you will lose the promotional rate and any balance will be charged at the standard rate.

^^Upon purchasing or renewing your annual Asda Money insurance policy with your Asda Cashback Credit Card, 10% cashback will be applied automatically on to your next Asda Cashback Credit Card statement. Should you cancel your policy at any point, within the policy year, the 10% cashback will be deducted from the following Asda Cashback Credit Card statement. This offer does not affect your right to cancel the policy. The cashback is facilitated by your Asda Cashback Credit Card provider, and not supplied by your insurance provider. All Asda Money insurance policy payments must be paid in full and not by direct debit. Asda Money insurance policies included in the offer are as follows; Home, Pet, Annual Travel (not single trip), UK or European Breakdown Cover (Roadside Cover not included). This cashback offer does not apply to policies purchased through price comparison sites.

Asda Stores Limited (Great Wilson Street, Leeds, LS11 5AD), trading as Asda Money, acts as a credit broker not as a lender and is authorised and regulated by the Financial Conduct Authority. Asda Stores Limited only offers credit cards provided by Creation Financial Services Limited, Chadwick House, Blenheim Court, Solihull B91 2AA. Credit issued subject to status. Applicants must be aged 18 or over and UK resident (including Isle of Man and Channel Islands).





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Compare Low Standard Rate Credit Cards #low #rate, #credit #cards, #compare

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MoneySuperMarket.com

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Compare low rate credit cards

Whatever type of credit card you’re looking for our Smart Search can help:

  • We’ll show you cards likely to say YES
  • Searching WON’T harm your credit score
  • Fast and easy to use

Save money on balance transfers and retail purchases with MoneySupermarket’s comparison of the best credit cards with low interest rates for the life of the card. These cards also come with great benefits including travel discounts, no balance transfer fees and contactless payment technology.

With so many credit cards offering interest free periods on purchases and balance transfers, you could be forgiven for wondering why anyone would opt for a low rate credit card at all.

And although some of those 0% offers may seem too good to pass up some don t charge interest for two years they re not always the answer for everyone.

For instance, if you have a large balance to transfer and you are unlikely to have paid it off before the interest free period ends, you could get stung as the rate will leap to an annual percentage rate (APR) of around 18%.

And while you could always switch to another 0% credit card, you may not want to risk being rejected; which would not only leave you with a large balance and interest rate, but could potentially have a negative effect on your credit score and make it even more difficult to get access to credit in the future.

If this is the case then you may be better off applying for a low rate credit card, which has just one standard rate that is usually markedly lower than those offered on standard credit cards.

What types of low rate credit cards are available?

There are several types of low rate credit card currently on the market, so it s essential that you pick the right one to suit your needs.

If you have a balance to transfer across from your old card, pick a card that comes with no balance transfer fee; if, on the other hand, you are a frequent traveller, then it could be worth applying for a card that offers discounts on travel and insurance.

You ll also want to make sure you get the lowest interest rate possible. Representative APRs on low rate cards can be anything from around 6.9% to as much 16.9% (variable) which will really hit you in the pocket if you have a large balance to pay off.

And while some cards offer the low rate for the lifetime of the card, some will only offer it for a certain period of time, so be sure to check the terms and conditions fully before applying.

What are the advantages of using low rate credit cards?

The main advantage of a low rate credit card is that, as you d expect, the annual interest rate is lower than those on standard credit cards and on 0% credit cards, once the interest-free period has ended.

Interest rates on low rate credit cards generally start at around the 7% mark, compared to around 18% on standard cards, and there are usually no annual fees that can also push up the APR.

This low rate usually lasts for the lifetime of the card, which means so no nasty rate rises. This makes low rate credit cards an ideal budgeting tool as you can work out exactly how long it will take you to pay off your debt with a fixed monthly payment.

And although they don t come with any special offers as far as interest-free periods are concerned, it s worth looking out for cards come that without a balance transfer fee, or offer rewards or discounts on other services, such as travel or insurance.

Why use MoneySupermarket to compare low rate cards?

With a number of low rate credit cards available and the fact that the low rate may not always be as low as you d expect it makes sense to shop around for the card that best fits your needs. Comparing the best deals available can help you make savings overall.

And by using the MoneySupermarket s comparison tools, you can instantly compare low rate credit cards or even take a look at some of the other options available such as low rate personal loans or other types of credit card.

Your personalised chance of approval

We’ve taken the details you gave, and used them to show you personalised scores to tell you the chance that your application for each card would be successful.

Why is this important?

Every time you apply for a credit card, a mark is left on your credit score. That means it’s better get it right first time. Your scores help you understand which cards you have the strongest chance of getting.

It’s easy!

The higher the score, the stronger chance you have of getting the card. If you see a very low score, you’re probably better off choosing a different card.

Consider a different card Not eligible 1/10 2/10 3/10 4/10 5/10 Your chances are good 6/10 7/10 8/10 9/10 9.5/10 You’ve been pre approved

If you see a high score, you can be fairly confident. The scores aren’t a guarantee, as acceptance of your application is at the sole discretion of the card issuer, but they should help guide your choice.

If you see a pre-approved score it may be subject to you passing additional ID and fraud checks by the provider.

In some cases, we will not be able to display a score for a product because we do not have enough information about the card issuer s acceptance criteria or we have not been able to match your details at the credit bureau.

We work closely with our partners to improve our eligibility scores for all products that are of interest to you.

We’re free and independent, as well as offering exclusive deals you can’t get anywhere else.

Moneysupermarket is a credit broker this means we ll show you products offered by lenders. We never take a fee from customers for this broking service. Instead we are usually paid a fee by the lenders though the size of that payment doesn t affect how we show products to customers.

You can rely on us

We’re here to help





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About AIBMS – AIB Merchant Services #aib, #merchant #services, #credit #cards, #payments, #payment #processing,

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Privacy & Cookies Policy

About AIB Merchant Services

AIB Merchant Services is one of Ireland’s largest providers of payment solutions, with extensive operations in Ireland and Britain, and with card processing capabilities throughout continental Europe. We process millions of payments every day, and deal with every major credit and debit card accepting payments in every channel we can. In a rapidly transforming industry, we remain at the cutting edge consistently providing superior customer service.

Some of the world’s most significant companies and public bodies trust us to take care of their customer payments, for good reason.

Evolution is the keyword in the payments industry and evolution is what drives the products and services we provide to the new generation shopper.

Our innovative new Clover™ system was awarded “Best Innovation ” at the Card and Payments Awards 2015 and “Best Acquirer ” at this years MPE Awards, a welcome addition to add to our Best Acquirer MPE award in 2014.

Our expertise and innovation, together with our partner relationships, are at your service.

Global Corporate Expertise

There’s a reason Europe’s largest businesses partner with AIB Merchant Services.

It’s the unparalleled services we offer, specialised for each sector and tailored specifically to requirements. With over 30 years of acquiring experience, we provide our clients with sharp sectorial insight, along with the capability to act on this knowledge.

Dedicated corporate account management teams mean our clients can pick up the phone and talk to us whenever they need to. We work closely with our clients, developing long and successful relationships.

Through cutting edge technology and flexible reporting abilities, we deliver consistent solutions that work for our corporate clients. We guarantee that we can do the same for you.

If you’d like to partner with an award-winning acquirer, let us show you just how much value our expertise can add to your business.

Get in touch and let us help your business

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Are you interested in trying one of our products?





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The #1 Credit Card Message Board & Credit Forum Index page #credit #card #reviews,

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  • Credit Card Reviews, Talk, Tips Tricks Topics Posts Last post
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Make your tough refinancing work with an FHA loan #fha #loan, #bankruptcy, #credit #score,

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Make tough refinancings work with an FHA loan

You can refinance with an FHA loan even if you have little or no equity in your home, a damaged credit score or higher debt than lenders usually accept.

You may even be able to refinance with an FHA loan if you’re currently unemployed. Try that with conventional financing.

The Federal Housing Administration (FHA), a division of the U.S. Department of Housing and Urban Development, doesn’t actually make loans.

It guarantees that private lenders will be repaid even if you default.

Of course, you’ll pay for that guarantee in the form of up-front and monthly mortgage insurance premiums.

But with the government standing behind you, banks and mortgage companies can make loans they wouldn’t normally offer at competitive interest rates that could cut your monthly payments by hundreds of dollars.

You should know there are maximum loan limits for FHA loans. In 2017, you can borrow up to $275,665 for single-family homes in most places or up to $636,150 in high-cost cities like New York and San Francisco.

But your new loan may exceed these limits if it meets certain guidelines, especially if you’re refinancing an existing FHA loan or you took out your original loan when the upper limits were higher.

Here are the 3 most common options for refinancing your home with the FHA’s help.

Who is the typical FHA refinance applicant?

Streamline refinancing

For borrowers who already have an FHA mortgage, regardless of how much home equity they have. An appraisal isn’t required.

This isn’t a foreclosure rescue program.

If you’ve had your loan for less than 12 months, you must have made all payments within the month due.

If you’ve had the loan longer, you must have no more than one 30-days-late payment in the last 12 months and have made all payments within the month due for the last three months.

Nor is streamline refinancing a way to get cash out of your home. Borrowing more than you need to pay off your existing loan is prohibited.

You can pay closing costs yourself or pay a slightly higher interest rate to a lender who pays the costs for you. You cannot have the loan origination charges, title insurance or other costs added to your loan.

The only cost you can add to your new loan is the up-front mortgage insurance premium.

If you’re refinancing an FHA loan that you’ve had for less than 36 months, the FHA applies part of your original premium toward the new premium.

With a streamline refinance, since you already qualified when you took out your existing loan, the FHA doesn’t require you to qualify again. There’s no requirement for a credit check or income verification.

Lenders, however, may have stricter standards. If you know your only chance at qualifying is under the FHA’s minimum requirements, ask lenders about a non-credit-qualifying streamline refinance.

Repeat customers are welcome in streamline refinancing, as long as 210 days have passed since your last closing date and you can save 5% or more on your monthly payment (after factoring in the annual mortgage insurance premium) by refinancing again.

With the FHA’s half-point reduction in monthly mortgage insurance premiums, and mortgage rates that are lower than this time last year, it’s worth finding out if you could benefit from refinancing.

To get started, call your lender and ask if you could qualify for a lower rate through this program.

Paying off your home loan more quickly can save tens of thousands of dollars in interest charges. But before you start sending your spare cash to your lender, you need to make sure your overall finances are in order. Paying extra on your mortgage isn’t always the smartest use of your money.

Rate-and-term refinancing

For borrowers who have a non-FHA loan and as little as 3.25% equity in their homes.

Conventional lenders want borrowers to have at least 20% equity to refinance. If you have 5% to 19.99%, you’ll have to pay private mortgage insurance. With equity between 3.25% and 5%, the FHA is your best bet.

The FHA’s rate-and-term refinance might also make sense if you have plenty of equity but your credit score has declined. Conventional lenders might turn you down or might charge higher interest rates. Just make sure you’ll still come out ahead after factoring in the FHA’s up-front and annual mortgage insurance.

“A borrower could refinance from a conventional loan to an FHA loan, but seldom would it be to their benefit,” said California home loan consultant Greg Cook of the First Time Home Buyers Network.

If someone had to get out of their current loan because of a balloon payment or rate adjustment on an ARM, and they had only fair credit and not enough equity to refinance with a conventional loan, an FHA loan might be their only option, he says.

To obtain this financing, you’ll have to qualify for an FHA mortgage much as you would if you were buying a home.

But you’ll find many of the financial requirements are less stringent than those for a non-FHA loan.

Your credit score, for example, can be surprisingly low. As low as 500 as far as the FHA is concerned.

But lenders are allowed to set higher minimum standards — and they do.

FHA borrowers who refinanced in June 2017 had an average credit score of 647, according to Ellie Mae, a California-based mortgage technology firm whose software is used by many lenders.

That’s significantly lower than the borrowers who refinanced a conventional loan; they had an average credit score of 729.

Dodging these pitfalls will make you a happier homebuyer now and more satisfied homeowner down the road. You’ll know that you got the best possible mortgage and won’t be overwhelmed by unexpected costs.

Besides poor credit, these things automatically disqualify you for an FHA loan:

  • Chapter 7 bankruptcy within the last two years. You might qualify after one year if extenuating circumstances caused your bankruptcy, you have re-established good credit and the lender is amenable.
  • Foreclosure within the last three years. If you can prove the foreclosure was caused by involuntary job loss or income reduction, and if your payment history has been good since then, the waiting period can be as little as one year.
  • Delinquency on a federal debt like a student loan or income taxes.

To qualify for a rate-and-term refinance, you typically need a two-year history of steady employment, though there are exceptions. You might still qualify if you took time off work to raise kids, were unemployed for just a few months or were attending school.

You can also carry more debt. For most conventional refinances, borrowers must be spending no more than 41% of pretax income on all debts, including mortgage payments, student loans, credit cards and auto loans.

With an FHA mortgage, you can stretch that ratio up to 50% if your finances are strong in at least two “compensating factors.”

Your two compensating factors might be savings in the bank equal to at least three total monthly mortgage payments and part-time or seasonal income that you’ve received for more than one year but less than two years.

If your credit score is below 580, however, the ratio can’t exceed 43%.

Here again, lenders can impose tougher requirements than the FHA minimums. You’re more likely to get approved if your debt-to-income ratio is less than 43%.

Most banks and mortgage companies offer FHA refinancing. Here’s where to find FHA-approved lenders in your area.

Glossary More Terms




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Houston Finance – Personal Loans, Cash Loans, Signature Loans, Cash Advances, Houston Tx #houston

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Welcome to Houston Finance Online. We are one of the first loan companies from Houston Texas that is regulated by the Consumer Credit Commission to publish an online finance program for Houston Cash loans and Houston personal loans. Whether you’re a consumer with good credit looking for a personal loan in Houston. or a person with bad credit having problems obtaining a loan, you have come to the right place. At Houston Finance we have a program for everybody. so it is easy to get approved. For example, if your credit is not the greatest then you might want to consider our two options, an automatic bank debit loan or signature loan. If your credit is in good standing then you can qualify for our Houston Cash Loans or a Houston Signature loan. The great thing about Houston Finance is your interest does not vary on your credit score. In fact we are 10 times cheaper than Payday Advance Companies. Don’t let a payday loan company turn your loan into a bad credit loan. So what are you waiting for? Apply now online or call us at 713-228-2626 .We are located in downtown Houston on the corner of Main and Preston, basement level Suite B-101.

Personal Loan Information and Security

We know that entrusting your personal information to others can be stressful, especially online! We want to ensure you that we take our obligations to protect your personal information seriously. We use the latest web security best practices to protect your data including providing 256 bit encryption on the application page on which you provide your personal loans application data.





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Payment Processing And Credit Card Processing By Merchant Service® #credit #and #debit #card #processing

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merchant service

Creditcard Processing and Merchant Accounts For:

Food Beverage, Restaurants, Coffee Shops, Bakeries, Food Trucks, Retail, Apparel, Groceries, Beauty Professionals, Gardening LandScape, E-Commerce, Beauty Professionals, Salons, Spas, Health Fitness, Home Repair Services, Professional Services, Leisure Entertainment, Organizations, Transportation and more.

Credit card processing solution

BY merchant service

FREE CREDIT CARD READER
FREE GATEWAY SETUP
NO CANCELATION FEE
MONTH TO MONTH
EMV CHIP CARD READER

ACCEPT CREDIT CARDS TODAY

Credit card processing services 89% approval rate,
Offering American Express® at the same rate
structure as Visa®, MasterCard® and Discover®

Call Today: (800) 373-2107

Retail

Accept credit cards and debit cards face to face by swiping of your customer s card payments through a credit card terminal, card reader or POS system

Food/Beverage

Accept credit cards and debit cards at your restaurant by swiping or key entering your customer s card payments through a credit card terminal, card reader, or POS System.

Wireless

Accept card payments from anywhere that you can receive a cell phone signal by swiping your transactions through a wireless credit card terminal. Or accept credit cards through your wireless laptop using the Authorize.Net VPOS site via the Internet

APPLY NOW

THE OFFICIAL WEBSITE, EST 2002

TERMS
© Copyright 2017 – All rights reserved.
Registered ISO of Wells Fargo Bank, NA, Walnut Creek,
CA, and US Bank Minneapolis, MN. Copyright 2017 MS.





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Compare Business Credit Cards – Apply Now #business #credit #cards, #small #business #credit #cards,

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Business Credit Cards

Review the latest offers and find the right card for your growing business. Compare the latest small business and corporate credit offers from our partners to find the one that can help you keep your company’s expenses on track and give you the buying power you need. Some business cards also reward you in the form of cash back or miles. Learn more in these articles and tips on credit cards for small business.

See offers from our partners below.

at Capital One s
secure site

Credit Needed
Excellent, Good

  • Earning unlimited 2% cash back could mean thousands of dollars each year going back into your business
  • Plus, a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening
  • Use Spark Cash across all your business spend, with no categories to limit your purchasing
  • $0 intro annual fee for the first year; $59 after that
  • Rewards don’t expire, and you can redeem your cash back for any amount, anytime
  • Get employee cards at no additional cost, and earn rewards from their business spend
  • See additional Capital One� Spark� Cash for Business details

at Capital One s
secure site

  • Special Offer: Earn 20,000 Membership Rewards points after you spend $3,000 in qualifying purchases on the Card within your first 3 months of Card Membership.
  • Get rewarded for business as usual. Earn 2X points on everyday business purchases such as office supplies or client dinners.
  • 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter.
  • 0.0% introductory APR on purchases and balance transfers for 12 months, then a variable rate, currently 11.99%, 15.99% or 19.99%
  • The variable APR rate is based on your creditworthiness and other factors as determined at the time of account opening.
  • No Annual Fee
  • Terms Apply
  • See additional The Blue Business Plus Credit Card from American Express details

at American Express s
secure site

  • Special Offer: Earn up to $400 cash back
  • Earn a $200 statement credit after you spend $5,000 in qualifying purchases on your Card within the first 6 months of Card Membership.
  • Plus, earn an additional $200 statement credit after you spend an additional $10,000 or more in qualifying purchases on your Card within the first year of Card Membership.
  • No Annual Fee. Plus, more buying power and more cash back.
  • 5% cash back on wireless telephone services purchased directly from U.S. service providers and U.S. office supply stores.
  • 3% on the category of your choice from a list of eight and 1% cash back on other purchases.
  • 5% and 3% apply to the first $50,000 in purchases per calendar year, then 1% thereafter. Cash back received is automatically credited to your statement.
  • Terms and limitations apply
  • See additional SimplyCash Plus Business Credit Card from American Express details

at American Express s
secure site

or call American Express at
866-474-2158

  • Earn $300 bonus cash back when you spend $3,000 on purchases in the first 3 months from account opening
  • Named “A Great Card for Small Businesses” Kiplinger’s Personal Finance, September 2016
  • Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services each account anniversary year
  • Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year
  • Earn 1% cash back on all other card purchases with no limit to the amount you can earn
  • 0% introductory APR for 12 months on purchases and balance transfers
  • Employee cards at no additional cost
  • No Annual Fee
  • See additional Ink Business Cash Credit Card details

at Chase s
secure site

A credit card account helps establish credit in the name of your business, which opens the doors to financial flexibility. It also gives you a centralized payments channel, making expense tracking a breeze. Plus, keeping your business finances separate creates advantageous situations, such as calling interest payments a qualified business expense. So, which card is best for your business? Consider the following factors, and you ll be on your way to a well-informed decision:

Balancing act
Like many cards, you should have an idea of whether or not you will carry charges month-over-month. If you will, look for cards with lower interest rates. Some business credit card may offer 0 percent introductory offers as well. On the other hand, if you pay charges off in full every month, you ll want to look for the card with the most benefits.

Rewards for your spending
You ll also want to look into potential rewards offers on these cards. Start by examining your expenditures. Take a close look at items such as phone services, internet and office supplies. Make sure you choose a card that rewards you for purchases of those regular necessities. Fly a lot for your business? Find a card that offers a sign-up bonus or a strong miles earnings rate. Do you have clients to entertain for nights on the town? Find a card with strong restaurant rewards. Are you driving around town to get things done? Consider a gas card.

Those who aren t sure where to start, or who don t have excessive spending in any one category, can find cash back offers ranging from 1-5 percent. Some of these cash-back benefits may apply to certain categories only, so knowing what you spend the most money on will help you maximize those rewards.

Fees and other fine print
Cards with 0 percent APR deals can come in handy for those owners who need to make a substantial business purchases but aren t sure how to finance it. Another consideration is whether you can get additional cards for employees, preferably at little to no cost to you as the owner.

When it comes to the issue of fees, it s important to do the math and see if the potential rewards outweigh the costs.

Finally, near the end of the decision-making process, consider fringe perks. Certain cards can give you access to travel lounges, early flight boarding and free checked baggage.

Want more information?
Our business credit card reviews can help you compare offers to find the one that best suits your needs.

Join the Discussion

We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, we ask that you do not disclose confidential or personal information such as your bank account number, phone number, or email address. Keep in mind that anything you post may be disclosed, published, transmitted or reused.

The comments posted below are not provided, reviewed or approved by the card issuers or advertisers. Additionally, the card issuer or advertiser does not assume responsibility to ensure that all posts and/or questions are answered.

Please enable JavaScript to view the comments powered by Disqus.





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Sky Blue Credit Repair Review 2016 #loans #for #a #business

#credit repair business

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Sky Blue Credit Repair Review

PROS / This company offers a good couples discount.

CONS / This service requires you to hire a separate service for your credit pull and credit monitoring.

VERDICT / Sky Blue Credit offers competitive prices and advertises high credit score increases, but it depends on third-party service for credit pulls and monitoring, which you need to purchase separately.

Sky Blue Credit is a credit repair service that works to restore your credit in an average of six months. It offers friendly customer service representatives that are willing to take time to explain the program without doing a hard-sell. It offers a good couples discount, but doesn’t have many of the program features we looked for when we reviewed credit repair companies. Some of these, like credit pulls and monitoring, it provides through third-party services, which it can direct you to, but for which you pay extra. Sky Blue Credit Repair earns our Top Ten Reviews Silver Award.

Support & Service

We reached out to Sky Blue Credit several times on various days and times to test its customer support to potential customers. Overall, we had good experiences with representatives from this company. They provided transparent and accurate information, were responsive to email and were easy to get ahold of via telephone. No one followed up with us, however.

This company also provides some supplemental education to help you learn more about credit and finances. The overall number of topics it covers was lower than average, but it offers an educational blog to help you learn more about how credit works and how to get back in control of your finances.

Cost & Fees

Sky Blue’s overall fees are affordable and compare well to the average cost of other credit repair services we reviewed. To use Sky Blue’s service, you must pay a monthly fee of $59, charged at the end of the month, and there is a $59 set up fee when you first enroll. A couples discount of 17% off the setup and monthly fees is applied if you sign up for this credit repair service with a partner. You must pull your credit report through a third-party service, but there are no additional fees on top of this, and this company does offer a money-back guarantee. These prices are correct as of the time of this review; depending on your specific situation when you look into this company, your quotes may be different.

Time Frame

Most clients work with Sky Blue Credit for an average of six months, though your program might be shorter or longer, depending on your situation. This credit repair company advertises between 100 and 200 points added to your credit score. Remember that this may vary greatly depending on your credit report and situation. If the credit bureaus can prove that a negative hit on your report is valid, it cannot be removed.

You should expect to start seeing results on your credit report within 30 days from the time Sky Blue begins disputing items on your report. This company typically disputes 15 items on your report at once across the three major credit bureaus. Some companies dispute all your items at once, trying to get the biggest improvement quickly. Other credit repair services only dispute a handful at a time because they believe too many disputes at once increases the chance of having them refused. Sky Blue takes a middle-of the road approach, submitting more disputes than the more cautious companies while still not overwhelming the credit bureaus.

Program Details

Sky Blue Credit offers fewer program features than other credit repair companies we reviewed. To its credit, this company does work with third-party reporting bureaus for credit reports and monitoring. It will provide you links to these services, which can pull your credit report for you (for a fee) and monitor your credit during the process. You can cancel that service at any time. However, Sky Blue Credit only works with the credit bureaus and not with your creditors, which could mean that the hits on your credit might end up back on your report. Sky Blue Credit also does not offer pay for delete negotiations. Such negotiations would allow you to pay off legitimate charges, usually at a reduced amount, and in return, the creditor removes the hit from your report.

Summary

Sky Blue Credit offers quality customer service, a good couples discount and a money-back guarantee. It has some educational features to help you learn about credit repair before you call for help, and it takes a quick but not overly fast approach to disputing charges. Be aware, however, that it only works with the credit bureaus and not directly with your creditors, which could potentially make this service less effective than other credit repair companies that work with both.

Overall Rating





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Establishing Business Credit with a Secured Business Credit Card #secured #business #credit

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Establishing Business Credit with a Secured Business Credit Card

Secured Business Credit Card

Recently I posted how credit restoration is a viable strategy for small business owners in personal credit recovery. In addition to repairing your personal credit you should also focus on building and if necessary repairing your business credit as well. One of the best ways to start establishing business credit is through a secured business credit card.

These types of credit cards are specifically designed for businesses with no credit or less than perfect credit history. When you apply you are required to submit a security deposit that will establish an initial credit line. In most cases a minimum deposit of $500-$1,000 is required and once you begin using your card you will receive invoices like a standard unsecured business credit card.

As you pay your invoices your payments will get reported to the business credit bureaus. I always encourage my members to use a secured business credit card along with vendor credit lines because it will allow you establish a strong blend of account types on your files.

Some of the secured business credit cards we have listed report solely to one bureau like Corporate Experian while others report to two or all three of the major business credit bureaus. Keep in mind that your deposit is only used to pay off the debt in the event that you default on making payments.

As soon as you receive your card you can start using it to make purchases for your business. When you charge a purchase just simply pay the invoice when it comes due. Now remember the whole purpose of using the card is to build credit so don’t be late on your payments. After six months you can request that your account be reviewed for a credit limit increase without requiring a larger security deposit.

Some other benefits of a secured business credit card include:

  • Universal Acceptance
  • Cash Back Programs
  • Online Expense Management
  • Easy Funding Options

Before you apply you will need to have your company’s business license, articles of incorporation, address verification, federal tax ID#, banking reference and general business information. You will also need to list authorized users and how many cards you are requesting.

You can send your security deposit via wire transfer and typical turnaround times take 7-10 business days. Keep in mind that before you select any secured business credit card make sure you read the terms and conditions completely and verify which business credit bureau they report to.

Another advantage to using secured business credit cards is the separation between your personal credit and business credit. In my opinion these types of business credit cards are ideal for every small business owner because it not only establishes business credit but also controls spending, eliminates personal liability and protects your personal credit files.

Looking for the best secured business credit cards. Become a member of my Business Credit Insiders Circle and gain access to a proven step-by-step business credit building system. A system that provides you access to secured business credit cards, vendor lines of credit, fleet cards, business credit cards with and without a personal guarantee, funding sources and lenders that report to all the major business credit bureaus. Submit your name and email below for details and receive a free audio seminar ($597 value) =

Marco Carbajo is a business credit specialist, author, speaker, and founder of the Business Credit Insider s Circle. He is a business credit blogger for AllBusiness.com, a subsidiary of Dun and Bradstreet and author author of Eight Steps to Ultimate Business Credit and How to Build Business Credit with No Personal Guarantee. His articles and blogs have also been featured in American Express Small Business, Business Week, The Washington Post, The San Francisco Tribune . Scotsman Guide, Alltop, Entrepreneur Connect, and Active Rain.

Related Posts

  • Looking for Secured Business Credit Cards?
  • Building Business Credit: The 20 Essential Questions to Focus On
  • Top 10 Myths about Building Business Credit- Part 1
  • 7 Ways to Maximize Your Business Credit Score

Thank you for your post share. I really like your blog and I have learned something from it.

Considerably, this post is really the greatest on secured business credit cards. I agree with your conclusions and ook forward to your future updates. Simply just saying thanks will certainly not just be sufficient, for the fantastic clarity in your writing. I will definitely grab your rss feed to stay abreast of any updates. Genuine work and also much success in your business!

Excellent info Marco. We work with businesses who have bad credit all of the time and this is a really great article with great tips for them.

chirs harton says

I was wanting to know if i have to use my social securty # when applying for a secured businesss credit card,just my ein#.because when they pull your credit a hard inquiry is posted to my credit score,and that hurts it.

No, you do not have to supply your social security number for a secured business credit card. You will need to supply your EIN number as well as your DUNs number with most companies. That s one of the great benefits to these types of cards because there is no personal credit check or personal guarantee.

Awesome and informative post! Been reading your blog for a while and look forward to getting set up with you guys.

Great info here Marco! So many people don t realize that a bad credit history can be repaired for both personal and business. Keep up the great work.

Thanks for posting this Marco, its good and look forward to accessing your sources. Cheers!

Thanks Tom, appreciate the feedback and by the way here s a new source to help rebuild personal credit that reports to all three credit bureaus.

Great post Marco I never knew about secured business credit cards until now! was an interesting read Thanks!





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