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5 Options Better Than Taking Out a Bad Business Loan

Like it or not, the business world is rife with opportunities for small business owners to take on business loans that hurt their company in the long run. This happens because cash flow management is one of the most difficult parts of owning a small business. One client doesn’t pay their invoice on time, and suddenly you’re having trouble making payroll, or fulfilling obligations to vendors. Complicating things further, some …Read More

Understanding the Terms of Your Business’ First Office Lease

Your first office lease represents an important step for your growing business. It marks a significant milestone you should celebrate, a culmination of the hours you’ve spent hard at work. You’ve shown a commitment to your ideas, a dedication to your employees, and now, your time and effort have paid off. That said, a commercial lease may not look like the kind of lease you’re familiar with. It has industry-specific …Read More

Can I Trust the Credit Counseling Agencies?

#AskanExpert: Question for Erica Sandberg of CreditCards.com Dear Erica, I remember hearing that most of the credit counseling agencies were in cahoots with the credit card companies, and did not have the consumer’s best interest at heart. Due to health problems, I’ve not been working for way too long and am in a huge amount of debt. I’m at the point where I need to figure out if it’s best …Read More

Is Credit Repair Worthwhile or Worthless?

Credit repair signs pop up all over, advertising help for those with bad credit histories starting at just $99.95 per month. Are these services legitimate, or are you being lured into a scam?  Here’s what you need to know.   Some credit repair companies are scams, but not all are illegitimate. The FTC has charged many unscrupulous credit repair organizations with deceptive business practices, forcing such companies to shut down their …Read More

6 Credit Traps That Await Divorcing Couples

The divorce itself doesn’t affect your credit score, but watch out for these common scenarios that most definitely do. Just as your credit scores don’t merge when you get married, they don’t experience any automatic hit or boost when you divorce. The divorce itself is not factored into your credit score whatsoever. However, the process of untangling financially from your ex could leave a mark on your credit file for …Read More

5 Ways to Use Your Tax Refund to Grow Your Business

Tax season means that if you haven’t filed yet, it’s time to get to it and calculate your potential refund from the IRS. If you have already filed and are awaiting said refund, you’re probably spending some time dreaming about the things you could do with it.   Sure, you can take a vacation, put money into an emergency fund, or buy something you’ve had your eye on. These are …Read More

5 Tips on Reducing Financial Risk For Your Business

Has anyone ever told you that starting a business was risky? While this is true, anything in life that you do likely has some risk associated with it. So why do you do it? It’s likely because you have identified the risks and figured out how you’d reduce them. Plus, the reward surely outweighed the risk.   The same can be said about your business. The Bureau of Labor Statistics …Read More

Retirement Plans for Small Business Owners and Their Tax Implications

One of the less obvious responsibilities of being a small business owner is planning your own retirement. While salaried employees at big companies often contribute to a company-sponsored retirement plan, small business owners—particularly sole proprietors and owners of very small firms—don’t have that luxury.   Unfortunately, about a third of all small business owners don’t have a retirement plan, which means too many people avoid taking steps to secure their …Read More

Can You Pay Your Student Loan Bill with a Credit Card?

The cost of higher education has ballooned exponentially in recent years. The days of being able to put yourself through a big university on a part-time or full-time job are mostly gone. Today, financial aid and student loans are almost as much a part of college as attending class. As a result, many students graduate school with a significant amount of student loan debt; in fact, student loan debt is …Read More

4 Tips on Building Your Business While Paying Off Loans

One of the top causes of small business failure is lack of funding to not only launch but also grow in the first years. The simple solution is to take out a business loan to ensure you have enough to cover your expenses until profits start rolling in.   But what happens when you’ve taken out a loan but now you have other expenses to pay and you want to …Read More