If you don’t use these properly, you may be kept in a spiral of debt. Be cautious of how much swiping you are doing with that piece of plastic.
Dreams come true faster if you FIX your credit...
A major benefit of business credit is that it more than DOUBLES borrowing ability. You already have consumer credit, now you can have a whole other credit profile with business credit also. This means it’s the only way to get multiple Staples cards, Office Depot, Lowes, and so on, in most cases. When you have access to more store and cash credit cards, you also have access to a lot more usable money.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Plus, per SBA business credit limits are 10 – 100 times that of consumer limits. Getting business credit radically increases your available credit as a result.
Which one do you choose and why?
Are you ready to get approved? Are you ready to be a homeowner? ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Credit Myths...⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Today's topic: How long does it take to improve our credit score...
Are you ready for financial freedom? Comment "I'm Ready". below
Credit Utilization Ratio⠀⠀⠀⠀⠀⠀⠀⠀⠀
Credit utilization is simply how much you owe divided by the credit limit. It’s based on your Revolving credit lines. Typically your credit cards and line of credits. Experts suggest a ratio of no more than 30%.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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➡️ Say you have a $1000 credit card limit, your max balance should be no more than $300 to secure a better score. After all your credit utilization accounts for 30% of your credit/beacon score.
#facts
Track your spending...Small purchases can add up
Credit Myths...⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Today's topic: Credit Utilization