Why You Should Monitor Your “Business Credit” Regularly

Your business credit report paints a picture of your business for the world to see. Outdated or incorrect information can give the wrong impression about your business, resulting in unfavorable decisions that can negatively impact your bottom line. Where do they get this information?  From several places – ie. every time you complete an application, as well as from public records.

Business credit reports, like personal credit reports, need to be reviewed regularly for accuracy, especially for growing small businesses that evolve with time. Finding and correcting outdated information may increase your business credit score. But before you can start cleaning up your report, you need to find out what's in it.

No matter what the season, it is essential that growing small businesses check their business credit reports frequently for changes.

The Business Credit and Finance Suite is the only system in the world where clients can access their business credit reports in real time all in one place. Clients can access their Equifax, Experian, and Dun and Bradstreet credit reports right through our system so they can monitor their business credit building live as it is happening.

Our Funding Suite is also the only place where Experian gives clients access to their Experian Smart Business credit for FREE. Clients can track their pertinent Experian data at no cost through the entire business credit building process. Client are also able to track their Dun & Bradstreet accounts through our system in real time. We show you how to get a free DUNS number and get it activated. If you call D&B, they will try to charge you for this.

Our Funding Suite is the only business credit building system in the world that all three business credit reporting agencies partner with as a valuable benefit to our clients. This means when it comes to business credit, this system is possibly the most credible in the world.

Expert Credit Consultants, LLC specializes in establishing business credit and funding using our exclusive Business Credit and Financing Suite as well as consumer credit restoration and optimization. www.ExpertCreditConsultants.com.

$150,000 Unsecured Credit Line for Your Business

Brand new startup businesses with no financials can qualify for a credit line up to $150,000.

There are NO financials required, the lender won’t even look at your monthly revenue.

For this program all that is needed is an approximate 710 credit score or higher to qualify. Personal credit, and only personal credit is used to qualify for this particular business funding program.

The better the personal credit, the higher the credit line approval will be. You can even use someone as a Personal Guarantor who does have good credit if you have credit issues now.

This is the best account in the country for new startup businesses and new franchises as you don’t need any financials to qualify and you immediately start establishing business credit.

The credit line is revolving, and you can use it for any purpose. You will receive a debit card or cards from a combination of accounts, even a checkbook so you can write checks from this account.

It only takes 2-4 weeks to close and have the money in your bank account.

Would you like $150,000 for your business? Call us today so we can talk more about securing funding for your business.

Expert Credit Consultants, LLC specializes in establishing business credit and funding using the exclusive Business Credit and Finance Suite as well as credit restoration and optimization. www.ExpertCreditConsultants.com

Consumer Credit Protection Laws

When we refer to consumer credit, we are talking about the use of credit to finance transactions without having to pay the full amount of the merchandise at the time of checkout. The most common form of consumer credit is a credit card issued by a financial institution. Merchants may also provide financing for products which they sell. Banks may directly finance purchases through loans and mortgages. This type of consumer credit is most often used for cars and homes and other large purchases.

The law of consumer credit is primarily embodied in federal and state statutory laws. These laws protect consumers and provide guidelines for the credit industry. There are many different laws that protect both the lender as well as the borrower when it comes to consumers obtaining credit.

States have passed various statutes regulating consumer credit. Congress has passed consumer credit protection acts in part to regulate the consumer credit industry. It requires creditors to disclose credit terms to consumers. It also protects consumers from loan sharks, and generally investigates the consumer finance industry, among other things.

Credit card companies and credit reporting agencies are also regulated by Acts passed by Congress. These Acts also regulate debt collectors and provides for rules as to what they can and cannot do when attempting to collect a debt.

Let's face it, we need to have credit. We may not need it for everyday things like groceries and toiletries, but if we want to own a car or a home, it's necessary as not every consumer can pay cash for such high ticket items making obtaining credit a must.

From credit counseling agencies to credit card companies and credit lenders, consumer credit is a multi-billion dollar industry. Because we do need lines of credit to get some important things in our lives, it's a good thing that legislators realize that having consumer credit laws are needed so that abuse of the system doesn't occur.

The everyday consumer has at least one line of credit open, but the average in the United States shows that we have at least four to five lines of credit in some way, shape, or form. As a consumer, you must use your credit lines wisely and pay your installments on time. If you don't, you will find yourself with a bad credit rating and a bad credit report. Consumer credit can work for you or against you - it's really all up to YOU!

Some of the main Consumer Credit Protection Laws are:

Fair Debt Collection Practices Act (FDCPA) -

Fair Debt Col­lection Practices Act requires that debt collectors treat you fairly and prohibits certain methods of debt collection.

Fair Credit Reporting Act (FCRA) –

The basic purpose is to require the credit reporting agencies to adopt reasonable procedures for providing consumer information in a manner that is fair to the consumer with regard to confidentiality, accuracy, and proper use of such information.

Fair and Accurate Credit Transactions Act of 2003 (FACTA) – This is an amendment to the FCRA to help prevent identity theft, improve resolution of consumer disputes, improve the accuracy of consumer records, and make improvements in the use of, and consumer access to, credit information, and for other purposes.

Fair Credit Billing Act (FCBA) – This law applies to “open ended” credit accounts, such as credit cards, and revolving charge accounts — such as department store accounts, to ensure creditors bill correctly. This act also allows consumers to dispute transactions with the creditor.

Expert Credit Consultants, LLC specializes in establishing business credit and funding using our exclusive Business Credit and Finance Suite as well as consumer credit restoration and optimization services. www.ExpertCreditConsultants.com.

What's In Your Credit Report

       - Your name
       - Your address (and previous addresses)
       - Employment (and previous employment)
       - Your current and past loan information
       - Your public record information (court judgments, bankruptcies, liens)
       - A list of other companies who have reviewed your credit.
       - Your 3 digit credit score (optional)

While some of this credit information is self explanatory, some of the other aspects, especially your credit score, are a bit of a mystery to most consumers. Few people know their credit score or understand how it is calculated. Additionally, most people are unclear about how their behavior can affect their scores.

The majority of people understand the basics, like failing to make a payment will make your score go down, but there are a number of complexities that trip up the average consumer. If you pay your debts on time, don’t carry too much debt on any one card, don’t close older accounts unless absolutely necessary and only apply for new credit when you have to, you will generally be in good shape. However, it is important to keep yourself informed so you can maintain a credit score that accurately reflects your consumer status.

Your credit score is determined by an algorithm developed by the Fair Isaac Corporation (hence its other name of FICO score). Since its inception, three corporations, called “credit bureaus” specialize in collecting and reporting on financial history. Those three companies are Equifax, Experian and TransUnion. While the exact formula used to calculate your credit score is a tightly guarded industry secret, these companies provide general guidelines about financial behavior that can affect your credit score. When calculating your score, the basic formula includes:

35 percent: History of on-time or late payments of credit

30 percent: Available credit on your open credit cards

15 percent: The age of your lines of credit (old = good)

10 percent: How often you apply for new credit

10 percent: Variable factors, such as the types of open credit lines you have

Lenders use your credit information from your reports in order to judge your reliability as a loan candidate. Your credit report indicates your ability to handle debt responsibly and will help banks decide if you are a desirable loan customer. A high credit score can help you lock in low APR rates or secure special deals on loans. A bad credit report may prevent you from securing loans and can damage your ability to buy a car, open a credit card or even rent a home. A history of inability to manage your credit successfully will make lenders uncomfortable about trusting you with additional funds in the future.

You are entitled to a free copy of your credit report once a year, an offer you should take advantage of. When you do receive your credit report, check to ensure the figures are accurate and act quickly to correct any mistakes. This may include any clerical errors, identity theft issues or incorrect information. If your credit score is low, you should begin working on a financial rehabilitation plan, either on your own or with a certified debt counselor or credit repair company to begin correcting your bad debt habits.


Expert Credit Consultants, LLC specializes in establishing business credit and funding using our exclusive Business Credit and Finance Suite as well as consumer credit restoration and optimization services. www.ExpertCreditConsultants.

A Proven System for Financial Credibility

Today there are approximately 26.5 million small businesses in the United States – and over 92% of these businesses use their personal credit in their business.  Investment capital and trade credit is the lifeblood of a business and as a result small businesses are dependent on their personal credit score!           

“The dependency on personal credit is the primary factor of why most small businesses fail.”

The business credit education, service, and coaching marketplace is driven by the ever increasing demand of small business owners who need access to funding and credit sources outside of their personal network.  Often a business in its start-up and growth stages exhaust the availability of personally guaranteed credit based on their personal credit score.  Once that personal credit is exhausted out, the business owner has little or no access to alternative funding sources. The result is over 50% of small businesses fail in their first three years.

Our Business Credit Advisors offer the tools and methods for small business owners to create and build a business credit asset that enables consistent access to credit and cash.

Separating personal credit from business credit eliminates one of the several critical errors a business owner can make which results in the “piercing of the corporate veil’s limited liability”.  When a business owner intermixes personal and business credit, their personal assets are potentially at risk in the case of litigation – all the more reason why business credit development is crucial for every small business. A Business Credit Asset™ enables the business owner to create a financial capitalization asset that can be transferred with the business, in an exit for example.

Expert Credit Consultants, LLC specializes in establishing business credit and funding using our exclusive Business Credit and Funding Suite as well as consumer credit restoration and optimization.  www.ExpertCreditConsultants.com.