High risk naics codes
Blog
Dylan Buckley

The Complete High-Risk NAICS Codes List for 2023

High-risk industries face numerous challenges. Arguably, one of the most impactful is limited access to funding and payment services.  You can better determine whether or not you fall into such an industry with NAICS Codes. Some businesses with high-risk codes may have to jump through more hoops while others are turned away entirely.  But what

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How to Start Business Credit With EIN
Blog
Dylan Buckley

How to Start Business Credit with EIN 

If you want to avoid a personal guarantee in your business financing, you need to build business credit with your EIN, and not your Social Security number. Follow these steps to achieve this! These steps assume that you already have a business entity setup, like an LLC or an S-Corporation, with an EIN tied to

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What Credit Score is Needed to Buy a Car With No Money Down
Blog
Anthony Amodeo

What Credit Score is Needed to Buy a Car With No Money Down?

Lenders consider a variety of factors when making decisions regarding auto loan applicants. Among the key assessments include the prospective borrower’s credit, income, and down payment. Most borrowers with steady incomes will find options for financing a vehicle. This applies regardless of their credit score or down payment. What Credit Score is Needed to Buy

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How Much Does Your Credit Score Increase After Paying Off a Car
Blog
Anthony Amodeo

How Much Does Your Credit Score Increase After Paying Off a Car?

Although paying off your car loan is satisfying, it will not increase your credit score. Often, paying off your car loan will actually hurt your credit score. Closing an active account may negatively affect some factors that influence your score. These factors may include your credit mix and the average age of the accounts in

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How to Get a Car Loan With Bad Credit
Blog
Anthony Amodeo

How to Get a Car Loan With Bad Credit

Consumers with bad credit typically face some challenges when seeking a car loan. These applicants usually have fewer loan options and pay high interest rates. Being prepared and thoroughly exploring your options is important in this process. Having proper documentation and cash upfront for a down payment are two of the most critical. Steps to

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How to raise your credit score 200 points in 30 days
Blog
Dylan Buckley

How to Raise Your Credit Score 200 Points in 30 Days

Raising your credit score by 200 points in 30 days is technically possible. Even though it’s not a realistic goal 99% of the time.  Want to give it a shot? Let’s take a look at some helpful tips to get your score to where you need it to be.   Tips to Raise Your Credit Score

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How to Build Credit As a Teenager
Blog
Dylan Buckley

How to Build Credit As a Teenager

Building credit can be a new topic for many teenagers. As such, there’s more to do than just diving into some of the credit-building activities you’ll find here.  There are several key steps to the process that you will need to undergo to get started.  Here are a few of the main areas to focus

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How to Get a Business Line of Credit
Blog
Dylan Buckley

How to Get a Business Line of Credit

Business credit is an invaluable tool for small businesses to leverage when they’re looking to scale.  Let’s take a closer look at how to get a business line of credit so you can get started.  Decide on How Much Money You Need The first step in getting a business line of credit is determining how

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Do multiple car loan applications hurt your credit
Blog
Anthony Amodeo

Do Multiple Car Loan Applications Hurt Your Credit?

Each car loan you apply for creates a “hard” credit inquiry on your credit report. Hard inquiries slightly harm your credit score. The credit bureaus will recognize when a consumer is “shopping around” for a car loan. If multiple inquiries occur before a 14 to 45-day period, they merge into a single credit report inquiry. 

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