Chime is a financial technology company that offers personal banking services through a user-friendly mobile platform. While it offers banking features similar to traditional banks, it is not a bank. Instead, it partners with FDIC-insured institutions: The Bancorp Bank and Stride Bank. This partnership ensures account holders receive the same level of deposit insurance as they would with a traditional
A business bank account is a financial account used to manage a company’s funds. Unlike a personal checking account, a business account separates personal and professional finances, essential for accurate recordkeeping, tax reporting, and liability protection.
ChexSystems is a consumer reporting agency governed by the Fair Credit Reporting Act. It collects data on closed bank accounts, unpaid overdraft fees,
Cash-back business credit cards are tailored explicitly for business owners. They offer a smart and straightforward rewards-earning solution for all your business basics. These cards give cash back on eligible business purchases, helping business owners save money and reinvest in their businesses. Cash-back rewards are different from traditional rewards cards. Most importantly, they keep it simple, delivering businesses a clear-cut
LegalZoom, Incfile, and ZenBusiness are three top providers of business formation and management services designed to assist entrepreneurs with their ventures. Each platform simplifies tasks such as LLC formation, business compliance management, and more to help you build and manage your business. Though they’re all similar at their core, their features, pricing, and additional offerings vary greatly.
Tradeline Supply Company LLC, founded in 2017 and based in San Diego, California, has established itself as a trusted marketplace for buying and selling authorized user tradelines. The company’s mission is to help individuals improve their credit scores by offering a variety of tradelines for purchase.
With a user-friendly online platform, customers can browse available tradelines and choose the
It’s common for business owners to need financing help at some point. But what are your options if you have bad credit or no credit?
While bad credit business loans are more available, you might be able to find business funding without a credit check. However, the few no credit check business loan options typically have higher interest rates or
A credit-builder loan could be a good option for credit-invisible individuals to establish credit. They can also help credit-challenged consumers start the process of improving their credit.
But you must have a plan, including a budget, to ensure you can afford the loan and not miss payments. Late payments, or even worse, defaulting on the loan, will severely damage your
It’s no secret that high credit card balances are bad for your finances. High balances mean more accrued interest and higher monthly payments. It also makes it more challenging to pay off your debt, increasing the chances you carry the balance over monthly.
High credit card balances also usually mean a high credit utilization ratio, which can lower your credit
Late payments have a significant negative impact on credit. The longer payments remain unpaid, the worse it gets. So, getting caught up on payments and developing a plan to avoid future late payments is essential.
Missing payment usually only happens for two reasons: you were short on the funds for the payment or forgot about it. If it’s the former,
Your credit score is one of the essential metrics that determine your personal and business financing options. It’s common to try to raise your score before applying for a new loan or credit card. A good credit score also helps with renting, insurance premiums, and employment opportunities.
Fraud Disclosure:
Please be aware that individuals have been fraudulently misrepresenting to business owners (and others) that United Capital Source, Inc. (“UCS”) can assist small businesses in receiving government grants and other forgivable business loans, when in fact those grants or loans do not exist or are not available. These individuals have ulterior motives and are engaging in the unauthorized use of the names, trademarks, domain names, and logos of UCS in an attempt to commit fraud upon unsuspecting small business owners.
UCS will never communicate with a prospective client on Facebook, Facebook Messenger, or any other type of social media. Further, any email communications will always come from an official UCS email address and not a Gmail, Yahoo, or other email domain. If you believe you have been contacted by someone posing as an employee of UCS, please email [email protected].
