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Tillful
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Tillful helps small businesses get credit and capital 🌱 💚💜 We are now Nav
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No we won’t stop. If you’re still using:
👉A bank account like Chime
👉A personal credit card for business expenses
👉Your personal address for your business address
Please stop right now!! Get everything separate for your business.
Lenders care about that seemingly small stuff. It can be the difference between them seeing your business as a proper entity, or as someone’s hobby (or worse, scam).
Getting credit on your business’s terms is also the key to building business credit. Using that personal credit card is not going to get you anywhere.
#businesscredit #businesscreditbuilding #businesscreditscore #creditmatters #businessbankaccount #businessbank #businesscreditcard #businessbudget
👉A bank account like Chime
👉A personal credit card for business expenses
👉Your personal address for your business address
Please stop right now!! Get everything separate for your business.
Lenders care about that seemingly small stuff. It can be the difference between them seeing your business as a proper entity, or as someone’s hobby (or worse, scam).
Getting credit on your business’s terms is also the key to building business credit. Using that personal credit card is not going to get you anywhere.
#businesscredit #businesscreditbuilding #businesscreditscore #creditmatters #businessbankaccount #businessbank #businesscreditcard #businessbudget
Running down from beginning 👉 to end how to build business credif with the Tillful Card.
Bottom line: make your deposit, make payments, and we’ll do the rest! We report to Experian, Equifax, and D&B (D&B is self reported, we have a pinned video explaining how to do that).
#businesscredit #businesscreditbuilding #businesscreditcard #smallbusinessfinance #creditscore #businesscreditscore #businesscredit101
Bottom line: make your deposit, make payments, and we’ll do the rest! We report to Experian, Equifax, and D&B (D&B is self reported, we have a pinned video explaining how to do that).
#businesscredit #businesscreditbuilding #businesscreditcard #smallbusinessfinance #creditscore #businesscreditscore #businesscredit101
It’s hard to make blanket statements about lenders and their application processes, but generally, your personal credit will only be pulled if you’re personally guaranteeing the loan or credit card.
In most cases, as a newer business, you will have to personally guarantee your funding. This is especially true as rates go up and lending tightens.
#businesscredit #businesscreditbuilding #businesscreditcard #buildyourbusiness #newbusinesstips #startyourbusiness #startupfunding #smallbusinessfinance #businessfinance #creditmatters #businessfunding
In most cases, as a newer business, you will have to personally guarantee your funding. This is especially true as rates go up and lending tightens.
#businesscredit #businesscreditbuilding #businesscreditcard #buildyourbusiness #newbusinesstips #startyourbusiness #startupfunding #smallbusinessfinance #businessfinance #creditmatters #businessfunding
Ayyy this is a biggie. A secured card is NOT a prepaid card. Read that again👆
👉A secured credit card is exactly like a “regular” credit card, except it requires a security deposit to set the credit line.
The security deposit gets collected (as in, a collection occurs) in the event of default. However, the creditor is still lending to you, even though you “put money down.”
⭐️Your deposit is not a payment method⭐️ Don’t treat it like a backup payment. That’s a good way to get a bad mark on your credit report.
#businesscredit #businesscreditbuilding #negativemarks #creditbuilder #goodcredit #badcredit #creditmatters #crediteducation #securedcreditcard #businesscreditcards #businesscreditrepair #businesscredittips
👉A secured credit card is exactly like a “regular” credit card, except it requires a security deposit to set the credit line.
The security deposit gets collected (as in, a collection occurs) in the event of default. However, the creditor is still lending to you, even though you “put money down.”
⭐️Your deposit is not a payment method⭐️ Don’t treat it like a backup payment. That’s a good way to get a bad mark on your credit report.
#businesscredit #businesscreditbuilding #negativemarks #creditbuilder #goodcredit #badcredit #creditmatters #crediteducation #securedcreditcard #businesscreditcards #businesscreditrepair #businesscredittips
Here’s what each card is usually used for:
🔒Secured card: to build credit
🔓Unsecured card: to finance everyday expenses
💸 Rewards card: to get money back on the categories you spend most
💵 Charge card: if you’re okay with paying your balance in full each billing cycle
🛍️Store card: to finance purchases at the stores you shop at most (& to build credit)
💼Corporate cards: often attached to expense management; to provide you and employees with cards
#businesscredit #businesscreditbuilding #creditbuilder #businesscreditcard #buildyourbusiness #newbusinesstips #startyourbusiness
🔒Secured card: to build credit
🔓Unsecured card: to finance everyday expenses
💸 Rewards card: to get money back on the categories you spend most
💵 Charge card: if you’re okay with paying your balance in full each billing cycle
🛍️Store card: to finance purchases at the stores you shop at most (& to build credit)
💼Corporate cards: often attached to expense management; to provide you and employees with cards
#businesscredit #businesscreditbuilding #creditbuilder #businesscreditcard #buildyourbusiness #newbusinesstips #startyourbusiness
🤔Seeing a negative mark that you know shouldn’t be there? Call or email the credit bureau! Dispute that shiz.
PS, this is also why it’s so important to monitor your business credit scores and reports 😇
#businesscredit #businesscreditbuilding #negativemarks #creditbuilder #goodcredit #badcredit #creditmatters #crediteducation #securedcreditcard #businesscreditcards #businesscreditrepair #businesscredittips
PS, this is also why it’s so important to monitor your business credit scores and reports 😇
#businesscredit #businesscreditbuilding #negativemarks #creditbuilder #goodcredit #badcredit #creditmatters #crediteducation #securedcreditcard #businesscreditcards #businesscreditrepair #businesscredittips
The best way to avoid negative marks on your credit report is to be perfect 😇 But, no one is perfect! And it can be ESPECIALLY hard to be perfect as a business, which is inherently about taking risks.
#businesscredit #businesscreditbuilding #negativemarks #creditbuilder #goodcredit #badcredit #businesscredit101 #businesscreditreport #businesscreditrepair
#businesscredit #businesscreditbuilding #negativemarks #creditbuilder #goodcredit #badcredit #businesscredit101 #businesscreditreport #businesscreditrepair
❌ A derogatory or negative mark on your business credit report is one that brings your score down.
There are a lot of different kinds of negative marks, and they all are weighted a bit differently.
Some examples of negative marks include late payments, judgments, liens, collections, and bankruptcies.
#businesscredit #businesscreditbuilding #negativemarks #creditbuilder #goodcredit #badcredit #businesscreditcoach #businesscredittip
There are a lot of different kinds of negative marks, and they all are weighted a bit differently.
Some examples of negative marks include late payments, judgments, liens, collections, and bankruptcies.
#businesscredit #businesscreditbuilding #negativemarks #creditbuilder #goodcredit #badcredit #businesscreditcoach #businesscredittip
👆This is how long each negative mark stays on your report with Experian. Equifax and D&B don’t have that much info available, but it’s probably safe to guess that their systems are similar.
💡Remember, negative marks have a diminishing effect over time! The closer you get to the “end date” of the mark, the less it will weigh into your score.
#businesscredit #businesscreditbuilding #negativemarks #creditbuilder #goodcredit #badcredit #creditmatters #crediteducation #businesscredittips #businesscredit101 #businesscreditreport
💡Remember, negative marks have a diminishing effect over time! The closer you get to the “end date” of the mark, the less it will weigh into your score.
#businesscredit #businesscreditbuilding #negativemarks #creditbuilder #goodcredit #badcredit #creditmatters #crediteducation #businesscredittips #businesscredit101 #businesscreditreport