Business Credit in the U.S.
December 22, 2009
Business Credit in the U.S.
The USA has a very advanced credit industry that provides vast amounts of data on individuals and businesses alike. As soon as an individual receives their social security number they start to build a credit history. And the same is true for business that once they start to accept or provide trade credit, information is collated on how they perform.
Information is collated by a number of business credit bureaus including Dun & Bradstreet, Experian Business, Equifax Business and Business Credit USA. They receive information from the providers of the credit using the Federal Identification Number allocated by the IRS to every business on startup. As you use more and more credit, you begin to build a picture that other lenders will use as the basis for determining whether to lend to you. So building a good credit profile in the US is, arguably, more important for a businesses in the US if it wishes to access borrowings than in Europe where there tends to be a greater reliance on financial reporting information such as report and accounts.
The data file that is collated by the agencies depends on the voluntary submission by lenders rather than a compulsory system. Therefore, the system is only as good as those that feed it - but the experience has been very good to date since many companies rely on the agency view in assessing risk.
Many small business owners in the US make the mistake of using their personal details to apply for business credit. The reason that this can be a mistake is that it puts at risk their personal rating by increasing significantly the number of checks made on their data. Analyst companies have ranges of expected activity on accounts and for consumers, due to the vast amount of data, these are very accurate. Rapidly increasing the credit checks can signal adverse activity which sends up all sorts of negative warnings.
Therefore, it is important that any business works on developing its own credit history since the purer the information over time, the better the rating and the easier it will be to get credit.
Credit history information is only one input into assessing corporate credit risk. But for trade credit it is usually the biggest single impact. When applying for larger business loans or leases, lenders will also look for detailed financial records and information to support the request. In that respect, the US market is similar to the developed Western European models for assessing credit worthiness.
The recent recession has made access to credit that much harder for all businesses - particularly smaller ones. The immediate future, although looking better now as economies come out of recession, looks to be not a great deal easier in terms of accessing credit. Companies must concentrate on managing their debts and keeping their credit records as clean as possible.
Margins charged for all lending products has increased and fees have become more commonly charged by lenders. US margins have always been higher compared to Europe, but so has the risk of corporate failure. A strong and confident business community is essential if governments are to earn money from tax take on profits.
FREE Tickets To Short Sale Bootcamp
November 28, 2009
It’s Dustin here with a special gift for you 
My good friend and national short sale speaker David ‘The Diamond’ Oswald is holding a special hands-on training Dec. 5th and 6th in Tampa.
Normally, people pay him $1000 to attend but you won’t have to because he’s given me 8 VIP tickets to give…to you.
Click here to grab your ticket:
http://www.DavidOswaldOnline.com/Seminar/dustin.html
Now, you’re probably wondering…
“What’s the catch?”
The real reason why David is allowing 8 lucky people to come with no charge is that he just moved to
Florida and is looking to put together a team of people that will bring in and work on short sales…FAST.
And I’ve got to tell you…
David’s got quite a system, where all you have to do is find the deal and his team will literally do the rest. He’s built an incredible machine!
These will go fast be sure to grab yours quickly:
http://www.DavidOswaldOnline.com/Seminar/dustin.html
The first 8 people to register via the special link above will be granted a seat at this event. So don’t wait or you’ll be kicking yourself. Seriously.
Over and out,
Dustin
P.S. With just 8 tickets available, this is sure to be snapped up in a flash. Grab yours now:
http://www.DavidOswaldOnline.com/Seminar/dustin.html
Seminar Bootcamp EXTREME
November 18, 2009
I just got word that I’ll be speaking at Seminar Bootcamp EXTREME with the world’s top speakers and closers Dave VanHoose, Marshall Sylver, John Childers and AJ Puedan.
You’ve got to see the page:
Seminar Bootcamp EXTREME
Success With Short Sales Seminar with David Oswald (Tampa)
November 10, 2009
SUCCESS WITH SHORT SALES SEMINAR
Tampa, FL - David “The Diamond” Oswald, Founder of Rivers of Income LLC will be conducting a foreclosure and short sale seminar on Saturday, November 14th, 2009 from 11 AM until 3 PM at the Westshore Hotel in Tampa. The official address for the hotel is 1200 Westshore Blvd., Tampa, FL 33607. The number to the hotel for directions is 813-281-3525. The event is free of charge for the first 42 people who register. (There will be a $25 fee at the door for those who do not register)
Go here now to register: http://www.DavidOswaldOnline.com/seminar
During this free seminar, Oswald will be discussing everything from where to find these foreclosures to how to go about purchasing them with little, if any money out of your own pocket. In addition, Oswald will tell his personal story on how he got involved in the real estate investment business and what you can do to work directly with him! He’ll even show you actual checks! As mentioned previously, Oswald is on a quest to train an enormous number of people and create financial freedom for a wealth of individuals and your opportunity begins with this seminar! TAKE ACTION NOW!
“Using David’s creative investing techniques, I was able to close on my first short sale deal and gross at total of $16,200. This was done with almost nothing out of pocket!” – Omar Sharif
Also, there will be a BONUS session with national speaker Clay Wooten, who will address the mental aspects of what it takes to become a great real estate investor. Clay will also discuss how to become more persuasive and create a greater influence to grow your business tremendously. He may even eat fire while he’s at it!
Go here now to register: http://www.DavidOswaldOnline.com/seminar
In addition to being an investor and public speaker, Oswald offers a mentorship program to teach others how to get involved in real estate on a part time basis with little or no money. Local investors who have gotten involved in his mentorship have already benefited from the business systems that allow them to focus on putting properties under contract and not worry about dealing with banks and marketing. This event will lead into a 2 Day Boot Camp on short sales on December 5th and 6th in Tampa, FL.
Go here now to register: http://www.DavidOswaldOnline.com/seminar
“Opportunities aren’t missed, they are just taken by others.”
Self Wealth LIVE
October 9, 2009
Self Wealth LIVE is about discovering how to win in the next economy through 3 area of mastery: Sales, Marketing and Mindset. Claim your ticket valued at $1497 at…
http://www.SelfWealthLIVE.com
Video at http://www.youtube.com/watch?v=hsYleJ_YUgo
Safer Dates and “Date Check”
October 1, 2009
It’s a small world.
Just the other day, I was speaking on Internet Marketing and I ran into a good friend of mine’s mother.
Doreen DeAguila, who runs SaferDates.com, shared with me something that I wanted to pass along. It’s an excerpt from an article..,
On Sunday morning we overheard an interview on Fox and Friends about a cell phone application called Date Check that provides instant background checks for singles.
We didn’t have a problem with the “Sleaze Detector” which instantly checks for past criminal activity; however, does anyone else have a problem with some stranger learning about your property ownership, assessed property value and the names and ages of relatives living in your home, and what does that have to do with dating?
It didn’t take much effort for us to find the sketchy details about the company behind the application…
For more click here: http://saferdates.com/blog/?page_id=48
YES Movie - I arranged a sneak peek for you
September 30, 2009
Change doesn’t just happen…
You have to take action in order to bring about change.
As an entrepreneur you are faced with many different opinions, suggestions and strategies and sometimes it can get a bit confusing on what actions you should take.
My friend Louis Lautman has found a way to conquer the confusion by going straight into the front-line trenches…
http://www.dustinmathews.com/yesmovie
Traveling the country on a quest for knowledge and entrepreneurial insight, Louis interviewed 35 successful millionaires, CEO’s and many of the most respected young entrepreneurs and master level mentors of our time.
Tired of the sugar-coating and quasi-revealing strategies, Louis put the squeeze on each and every one of these entrepreneurial superstars and compelled them to let down their guard and tell all.
They confessed hundreds of tactics they used on their road to success…and Louis caught every second, of every interview ON FILM and created a BLOCKBUSTER MOVIE that will directly affect the way entrepreneurs like you and I do business forever!
http://www.dustinmathews.com/yesmovie
The movie trailer blew my mind so I wanted to share this instantly valuable information with you.
Get the details and see clips of the movie here:
http://www.dustinmathews.com/yesmovie
You won’t have to pay a nickel to watch a clip of this blockbuster movie and get access to three proven success strategies that these multi-millionaires shared.
Enjoy,
Dustin
Self Wealth LIVE
September 23, 2009
Just put the finish touches on Self Wealth LIVE. It’s a brand new event with Dave VanHoose and AJ Puedan.
See for your self at:
37 Days To Clean Credit
September 20, 2009
37 Days To Clean Credit
I didn’t believe him at first because I never heard of anyone raising their credit score 135 points in 37 days.
If you’re interested in deleting negatives, raising your credit score, and paying pennies for your debt than you’re going to love this post.
———————
I URGE YOU TO READ ALL OF THIS
———————
Why?
Because a young guy from Florida has just blown the lid off the credit reporting industry.
His name is Chris Brisson and he went nuts with repairing his credit. It’s a lot of deletions so bare with me…
- 9 Inquiries
- 5 Major Negative Accounts
- 4 Default Accounts
- 1 Judgment
- Raised his Score 135 Points
… in 37 days!
The best news is that he put together a great free video on exactly how he was able to do it. My recommendation - go check it out now..
Here’s the link:
http://37DaySecretRevealed.com
Here’s just a few of the things Chris is going to share with you:
- How To Raise Your Credit Score 25, 50, 100, or even 135 Points (like I did) in Less Than 37 Days!
- The 5 Biggest Secrets That The “Credit Repair Experts” Don’t Want You To Know About To Cleaning Your Own Credit
- The Most Successful Step-By-Step Blueprint To Repair, Build, and Maintain Great Credit
- How To Boost Your Score 42 Points With One Simple Letter
- 6 Surefire Dispute Techniques That Easily Delete Negative
Items Without Fail
Getting excited… You should be. Go check out the video and learn for yourself…
http://37DaySecretRevealed.com
Cheers,
Dustin
P.S. This is the real deal. A step by step guide to help you repair, rebuild, and maintain your credit. You know how important it is so click the link below to see the video now:
http://37DaySecretRevealed.com
Think and Grow Rich - 100th Anniversary of when it all began!
September 11, 2009
I want to personally invite you to join me at a very special celebration!
Bob Proctor, T. Harv Eker, Les Brown, Sharon Lechter, Greg S Reid, Mark Victor Hansen, Mark Sanborn, John Assaraf and many other great speakers and I are getting together to celebrate Napoleon Hill and the 100th anniversary of his great work.
It was Hill’s work that spurred my career and I will forever be grateful to him.
The world is going through changes never before seen in our generation. Today, more than ever - we need guidance and counsel to help us through these difficult transitions. Napoleon Hill’s classic Think and Grow Rich helped not lonely me, but millions during and after the Great Depression. At this event, we not only recognize this great book but celebrate the launch of Think and Grow Rich – Three Feet From Gold.
Please join me at this special event. It is a fundraiser for the Napoleon Hill Foundation and is the incredibly low price of $99 for two days of incredible instruction on how you can find your own personal success equation.
The event will be held at The Grove in Anaheim, California and will also include a bonus ticket for the world premiere of the film documentary “behind the scenes” creation of ~ Think and Grow Rich – Three Feet From Gold.
http://www.threefeetaway.com/event
Based on Hill’s core principle of Perseverance, this book reveals the secrets of many of today’s most successful leaders and how they kept going during their darkest hours. I love this book and guarantee that it will inspire you to keep going…it is the right message at the right time!
Reserve your seat right now…at www.threefeetaway.com/event and take action for your own success!
Don’t hesitate…It’s Your turn!
PS – The book goes on sale OCT 6th and will be available where ever fine books are sold.
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