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Business Finance Tips
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7 Business Finance Tips Every Business Owner Should Know

Credit card issuers report balances to the credit bureaus once a month. By making weekly payments rather than monthly payments, a lower credit card balance will be reported on your credit report. For example, let’s say you have a credit card with a $10,000 limit and you charge $8,000 on it every month. At the end of the month, you pay off the $8000. If that credit card has a reporting date that’s closer to the end of the month when your balance is the highest, it will always reflect that the card is 80% utilized. This will cause a low credit score. Instead, if you pay $2000 per week, the balance will always be 20% and therefore will always report on the credit report as being only 20% utilized. This will result in a higher credit score!

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MWCC Case Study: $100K in business credit approval

This video shares techniques that Midwest Corporate Credit uses in order to prepare a client’s file to go into underwriting. Its also a great case study on why business owners should not use personal credit in order to finance business expenses

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Saving your Credit Report to a .pdf Using Google Chrome

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Saving your Credit Report to a .pdf Using Internet Explorer

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Saving your Credit Report to a .pdf Using Safari

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