Archive for the ‘Personal Credit’ category

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The Downside to Shopping

November 9, 2007

Each time you apply for a business credit card or bank loan, the creditor (the institution issuing or extending credit), will look at your credit report to determine whether you are a low risk opportunity. Each time someone other than you pulls your credit, it shows up on your report as an inquiry. This [...]

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Borrowing From Grandma

November 9, 2007

A client of mine is struggling to find a lender that will offer him credit so he can purchase a car. He is very young in the credit world and therefore hasn’t established much of it. The question he asked me is, “How can I build credit if now one will issue me any?”
That’s a [...]