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You are here: Home / 2017 / Archives for December 2017

Archives for December 2017

How to Order a Tri Merge Credit Report for Pre Qualification

December 21, 2017 By Marco Carbajo

How to Order a Tri Merge Credit Report

Did you know we can determine the amount of funding you qualify for with no hard inquiry?

We accomplish this by you submitting a tri merge credit report to us rather than us pulling it. how to order a tri merge credit report

When you personally order a tri merge credit report for yourself it does not trigger a hard inquiry.

Hard inquiries also known as “hard pulls” happen when a bank or lender checks your credit to make a lending decision. This happens when you directly apply for a loan, credit card or other type of financing.

In a nutshell a hard inquiry occurs when you give permission to a lender or other entity to view your credit report. Some actions that trigger a hard inquiry that you may not be aware of are actions such as getting new cell phone service, asking for a credit limit increase or submitting a rental application.

When you order a tri-merge credit report from a site such as CreditReportEngine, there is no hard inquiry to your credit. At Experian, you can check all 3 credit scores and credit reports from Equifax, Transunion & Experian without affecting your credit scores.
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Filed Under: Business Credit Tagged With: factoring purchase orders, how to order a tri merge credit report, how to order credit report, order tri merge credit report, tri merge credit report

Small Business Financial Advice: 3 Tips for Financial Health

December 12, 2017 By Marco Carbajo

Small Business Financial Advice

Many of my acquaintances have attempted to start their own businesses over the years. At least 70% gave up within 12 months, because they failed to turn a profit. The biggest mistake most of them made was poor cash flow management. small business financial advice

My anecdotal observations are consistent with years of formal research.  A study from U.S. Bank found that 82% of all business failures are caused by inadequate cash flow management. If you want to run a successful company, addressing financial problems is your top priority. Here is some important small business financial advice you need to review.

1) Create 24-month projections for your expenses and use irregular cash inflows to cover them

A few years ago, an entrepreneur friend of mine received a substantial windfall from a new client. She invested that money in a green screen for a side project that she didn’t need. Three months later, she was unable to make a payment for the property she was leasing.

This is a very common mistake with small business owners. They get excited when they first get money, but fail to project their long-term expenses. They blow through their cash reserves and are unable to cover their expenses down the road.

You need to project your long-term expenses and set aside cash reserves to pay them. Don’t get overly confident if you get a large sum of money, because you can’t be sure that you will be getting another large influx of cash anytime soon.
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Filed Under: Business Credit Tagged With: small business advice, small business financial advice

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