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Business Credit
Business credit is based on a business’ capacity to pay back debt. A business proves this capacity through its payment history. Business credit can be used to obtain everything from office furniture to employees’ uniforms.
355 Questions
Business credit is similar to personal credit but reflects only the credit information pertinent to the business. One of the best ways to establish business credit is to register to receive a D&B D-U-N-S® Number and use Dun & Bradstreet Credibility Corp.'s CreditBuilder™ product to help impact your business credit scores. For more information, please visit http://www.dandb.com/credit-builder/.
You are completely liable. That's the point of the personal guarantee. When you agreed to that you destroyed the concept of a corporate shield and are completely liable for the debt.
What are the difference between line of credit and credit limit?
Answering "http://wiki.answers.com/Q/What_are_the_difference_between_line_of_credit_and_credit_limit"
Who is Initial Underwriting Group?
Initial Underwriting Group helps small businesses build business credit.
They use the concept of personal credit and apply it to the building of business credit at Dun & Bradstreet.
Information about initial underwriting was found on: http://www.initialunderwriting.org/personalvsbusinessloan1.HTML
Initial Underwriting Groups can also help businesses get lines of credit without using a personal guarantee.
Is there any credit cards that do not require a personal guarantee for business credit?
There are many types of credit cards as per your requirements.
What is sharp ratio in portfolio management?
sharp ratio: measures the exess return on the portfolio the manager provide for the exposure to risk, the way it calculated. ER_RF/Standrd dev Yasir Alani
Client can take money from bank on the security of post dated cheques issued by their credit worthy customers. The bank in this case is certain that they will get the payment of this cheque on the due date from the customer of the client. Normally the cheques should not be dated for date which is later than 90 days from the date of discounting.
D&B licenses information on businesses and corporations for use in credit decisions, business-to-business marketing and supply chain management. Dun & Bradstreet Credibility Corp is the company that provides credit and credibility solutions for businesses throughout the U.S. and Canada.
Has anyone built business credit with Initial Underwriting Group?
I had $255k secured through the business credit profile I build with IUG. That was last year and my underwriter no longer works there. Has anyone dealt with them recently?
I also got about 75k just under my business name obtained with my business credit. Recently I have also signed up for their concierge service, and it can only get better from here. They've got a great team, and you just feel at ease cause at the end of day they will come through with their promise. That's my kind of company.
Business credit cards with no personal guarantee or business credit?
The best way to do this is establish a strong business credit score with Dun & Bradstreet. They are the credit bureau for businesses. You start with opening trade lines with office supply stores, and gas cards. Then you can start getting larger trade lines with banks.
Accounting is the keeping of financial accounts. Those who work in accounting are responsible for keeping accurate financial records, and providing reports to business owners, managers, and stockholders.
Check this site out for more information... http://www.associatedcontent.com/article/290910/body_language_vs_written_word.html
How does a business join Dunn and Bradstreet?
Just call them up and request a dunns number, it's free, but your not joining anything your just getting a duns number for your business,
Be sure to decline all the stuff they will try to sell you though, you don't need any of it and it's very pricey. DNB is notoriously unreliable as a credit worthiness indicator because most of the information they provide was sourced directly form the business owner. They don't verify anything so they just take the business owners word for it. Most experienced companies only use DNB for mailing lists and leads purposes. If you wanna build up your business credit profile, you'll do much better paying attention to your Equifax and Experian Business credit profiles.
Answer
You do not join Dun & Bradstreet Credibility Corp., but you can register to receive a free D&B D-U-N-S® number, which is a unique, 9-digit identification number for your business. Many businesses already have a D-U-N-S Number without knowing it.
Answer
Just call up and ask for a number, they give them out free all day long to anyone who asks, Businesses, corporations, individuals, Plumbers, babysitters. Literally anyone can get a DUNS number
Dunns Data is used widely for the development of mailing lists, industry classifications, business profiling, executive offerings, etc.
Much of the information they maintain is provided by the business itself. They will contact the business once a year and solicit details like annual gross sales, profits, principles, number of employees, locations, any resumes or bios that you'd like to submit etc. You can provide the information or not answer them at all. They just sell the old data without any update if you don't provide the new information. Whatever you tell them they enter into your business profile as "verified".
Your information is then sold to members and non-member companies that can in turn offer you their products and services based on your business profile
DNB has declared itself exempt from the Fair Credit Reporting Act, So correction of errors can be very difficult if you are not a paying DNB client
Established creditors are very familiar with the strengths and weaknesses within the credit services industry and are still gonna want to see a real credit report from a credit bureau like Experian, Transunion or Equifax before they extend you credit.
How do collection agencies report to credit bureaus?
Collection agencies notify all the credit bureaus electronically concerning the delinquency amount of the debt and number of days outstanding every 30 days.
What are the risks associated to management information systems?
What are the risks associated to management information system
Can you appear for CPA exam from India?
No,you cannot. But it has been proposed by NASBA that they shall analyse the feasibility of conducting the CPA exam outside US by the fall of 2009. We can expect a decision in this regard by the end of 2009.
A liberal credit policy implies your organization stretches out great terms to purchasers who make buys on records or through transient financing. Offering rebates for early installments or permitting extensive reimbursement periods with no punishment are cases of liberal credit terms. Having a liberal policy may draw in new customers and more business, however it can likewise affect your income.
Proxy 60 days means that a buyer must pay their fees no later than 60 days from the date of the receipt of the product. Most of the time a discount will be given if the amount is paid before the 60 days are up.
How do computers help businesses?
Managers in business use computers to help them make decisions. Based on data computers computer, managers can make quicker decisions for the business.
It's when you use your debit card to buy something and they charge you an extra "Debit fee" just to use your card.
A referral ID is a code that records the referral you generate so you can set compensated for it. It is you member's ID for the community or program. Some referral ID are generated by your user name selected at sign up or by a number. You referral ID should be emberded in your referral URL and all your banners and referral tools.
