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Understanding credit checks

Understanding credit checks

What is a credit check? A credit check is an inquiry to assess your credit score which is a number that is given to you after assessing your current credit, liabilities, payment history and so on. Why is a credit check done? A credit check is normally required for a bank or any other financial institution that lends you money or offers you a line of credit to minimise their own risk.
Some facts on credit check

Some facts on credit check

A credit check is a thorough assessment of all the credit accounts you possess and whether you have made the necessary repayments on time without defaulting or delaying payment. Banks normally run credit checks, credit card companies and other financial institutions that offer their customers a line of credit to assess their credit worthiness.
Things to know about credit card processing

Things to know about credit card processing

For anyone who owns and uses a credit card, while the extension of credit is no doubt beneficial, a point of concern always is about the charges levied. When choosing a credit card processing agency to work with, try to sign up with processors who offer you the lowest possible markup rates for your specific usage requirements and the pricing model you opt for.
The different aspects of credit card fee processing

The different aspects of credit card fee processing

The possession of a credit card might give you a sense of power regarding being able to buy what you wish when you wish for it. However, it would be good to be informed that as with all things that are transactional, no service comes free. The fees that you incur on your credit card spend will essentially be a combination of base costs and merchant’s discounts, also known as markups.
What are business credit cards for small businesses?

What are business credit cards for small businesses?

Credit cards are used to borrow money from banks, to buy stuff – both things and experiences. It can be used to pay for simple weekly groceries in the neighborhood department store or pay for expensive holidays in exotic destinations around the world. A specific period is given to repay the money as it is, without any interest.
Credit cards for small businesses – Using them wisely

Credit cards for small businesses – Using them wisely

If you are the proud owner of a small business, surely you have been receiving advertisements for business credit cards. Piled on your desk must be pamphlets explaining the advantages of owning a business credit card a small business can use. These must be intensively studied so an informed decision can be taken regarding getting one.
All you need to know about credit cards for small businesses

All you need to know about credit cards for small businesses

If you are the proud owner of a small business, surely you have been receiving advertisements for credit cards. Piled on your desk must be pamphlets explaining the advantages of owning a credit card for your business. These must be intensively studied so an informed decision can be taken regarding getting one.
Business credit cards for small businesses – What is it

Business credit cards for small businesses – What is it

Benefits of business credit cards for small businesses Credit cards are used to borrow money from banks in order to buy stuff – both things and experiences. It can be used to pay for simple weekly groceries in the neighborhood department store or pay for expensive holidays in exotic destinations around the world.
How does credit card processing work?

How does credit card processing work?

Are you having trouble figuring out how the charges on your credit card bills add up? Here is a simple run down of the important steps involved in the processing of your credit card which will also be useful in understanding how the system works and therefore, what kind of charges are likely to be levied on you.
Get to know about credit card processing fees

Get to know about credit card processing fees

The credit card is boon to individuals and business in that they offer a line of credit when essential. However, as with any financial transaction, the lending of credit comes with a price tag, and in the world of credit card processing, the processors charge different types of fees. Here are some basic guidelines towards deciphering the various kinds of fees levied by credit card processing companies.
Are credit cards useful for small businesses? The answer is a resounding YES!!!

Are credit cards useful for small businesses? The answer is a resounding YES!!!

With an eye on improving sales and profits steadily, small businesses invest time and energy in concrete, secure manner. In order to reduce wastage of resources, constant updates should be made in improving the method of transactions. Dealing in cash, however small or big the amount is, is not very conducive to doing business in the modern day world.
Important questions answered on credit check

Important questions answered on credit check

What is involved in a credit check? A credit check is an inquiry into your credit score that is initiated by a bank or money lender to whom you have applied for a loan of any kind, be it for a business venture, for buying property, for the purchase of a car or your child’s education.
Hard and soft inquiries that you need to know about credit cards

Hard and soft inquiries that you need to know about credit cards

There are three major American companies that maintain a detailed report of your credit standing and repayment history. This data can be requested for by banks, money lenders, credit card companies, employers and so on. Let us take a look at when hard credit inquiries are essential and when soft credit inquiries may be initiated and by whom.
Things to keep in mind before getting yourself a travel credit card

Things to keep in mind before getting yourself a travel credit card

For all of us who love to travel to exotic locations, the offering of travel credit cards is surely a boon from many perspectives as they provide us with significant financial flexibility, especially when one is in a foreign country. With many airlines joining the credit card fray in collaboration with well-known banks, the options for travel credit cards are aplenty.

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