Quick Credit Repair Strategies

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Learn some Quick Credit Repair Strategies to help you improve your overall personal credit. If you’re a business owner you need to consider working on improving or building your business credit. Business credit is very important if you want to start bidding for contracts.

Now many say that credit repair is NOT difficult or that it doesn’t take long. Well, I’m here to tell you that it depends on each individual situation.

Whatever your situation is here are some quick credit repair strategies which will help you improve your overall credit.

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Why is Credit Repair so important

Why Improving your credit score is so important. Well, it means you can qualify for a home, a car, an apartment, better rates, and credit terms. This is also true when it comes to your business credit. Your business credit is very important for your business. Business credit allows you to purchase inventory, buy a company car, lease a facility, etc., but it will also help you start or grow your business.

So if you’re thinking of starting a business then it’s time you start working on repairing your credit now! Remember that everything takes time and it’s nearly impossible to improve that situation overnight.

Start Buiding Your Credit Now— before you really need it.

Quick Easy Steps

  • Obtain your annual credit report, it’s FREE
  • Annalyze your report and work on Disputing negative marks, but make sure NOT to dispute old accounts. Accounts get remove within 7-10 years
  • Make sure to Dispute incorrect late-payment entries. Don’t dispute OLD items especially if they are about to be REMOVED it will ONLY hurt your credit
  • Get ready to play the Credit Companies Game. Yes, the credit companies will play games so be ready to put your ‘game face’ on when it comes to disputing items
  • Don’t have credit cards then start by opening a Secured Credit card through your bank
  • You can also Increase your credit limits. But that’s once you have started working on our credit and improved your credit score
  • You can also Open another credit card account, see if you’re pre-qualified as this will NOT IMPACT your credit
  • Pay down outstanding balances, set up auto pay. I use this amazing app it helps me keep track of my bills, but also provides me with a quick overview of my spending habits.

Why is building Business Credit so important

Building and having access to business credit is the lifeline for every business. Business credit helps you to obtain the capital you need for your business.

Business credit helps you expand your business, cover day-to-day expenses, purchase inventory, overall business operations, and cash flow.

When starting your own business it’s important to create a plan, especially a financial plan. Therefore, taking the necessary steps to build business credit will allow you better opportunities with banks, lenders, and suppliers. As your business grows and if you decide to apply for contracts some suppliers rely on business credit when making their contract decicions. Therefore, as you start building your business you also need to ensure you’re building your business credit.

Get the steps you need to start building your busines credit, but also the steps you need to get business contracts. Book Your Call Today!

How to Repair Your Credit in just a few steps

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Repair your credit in just a few steps. How many of you know the average credit score in the U.S.? Based on my research the average score is 710, but that doesn’t mean everyone has good credit.

The economic crash (2008) and now the pandemic many of you have either poor to no credit which can hold you back from the things you need; buying a car, renting a house or apartment, buying a home, and or starting or growing your own business.

Learn How Build and Repair your personal and business credit

If you’re a business owner and as your business grows you will need to start building some business credit. Start by opening up a business account and creating your business profile. I you don’t have any credit or have bad credit then you need to start building and repairing your credit. Furthermore it’s important you keep your finances seperate and avoid comingling your funds!

If this sounds lik you NOT to worry, here’s some quick steps to help you repair and fix your personal credit

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Credit Repair

1. Check Your Credit Report and start to repair your credit

Make it a habit to check your annual credit report as it contains important information about your credit information. Credit reports are provided by 3 major credit bureaus: Equifax, Experian and TransUnion. You can get free annual credit reports at AnnualCreditReport.com.

It’s also important to check your credit score at least every 3 months especially when you start working on it. Some credit card companies offer free credit scoring. Checking your own score only requires a soft credit inquiry, and it can be done after you pull your credit report they usually provide you with special offers, so keep an eye for the offers provided to you, but more importantly, it doesn’t damage your score. We recommend checking your score once per month thereafter.

2. Dispute any errors on your credit report

Always do your due diligence and research because unfortunately, credit bureaus sometimes make errors.

The first step is to obtain your annual free credit report. Make sure to obtain your credit scores these are all crucial steps in order to look for errors. If you spot any, it’s a relatively simple process to dispute those errors and have them removed.

If you don’t have an account setup with each credit bureau make sure to create one, so you can file your online disputes.

3. Repair your Credit by settin your budget as well as auto pay

Analyze your monthly budget and create a payment/repayment plan. Remember that your payment history makes up 35% of your credit score. Therefore if you want to fix your credit, you should focus on setting a monthly budget and payments. Now, I know that it can be very challenging to pay all of your bills on time, but I found a simple hack to get this right: autopay.

You’ll find that some companies don’t provide an autopay option—like one-off credit cards. So make sure you set these accounts as a recurring reminder on your phone, calendar or pay them as soon as you can.

4. Keep your credit utilization low

It’s important to keep your credit utilization ratio low therefore compare your credit card balances to your overall credit card limit.

Therefore, if you have outstanding debts make sure to pay them off as soon as possible in order to help improve your payment history, but also reduce and keep your credit utilization ratio under 30%.

Now you also have to keep in mind that when you inquire ‘old debts’ you are reviving that debt all over again. Debts stay in your credit between 7-10 years so make sure to analyze your debt and see which one are about to be removed from your credit score and which ones are worth negotiating down.

The othere important thing to remember is that when you start paying down your debt you will see a temporary dip in your credit score, but as you continue to work on improving your credit your score will improve as well as your situation.

5. How the credit repair game works

What I found out and learned throughout my credit journey. I learned that paying off debt all at once will hurt your credit as well as closing down debt, having to much or not enough credit, as well as trying to fix your credit will also hurt your credit. So what the heck do you do is the ‘million dollar question’ – right?

I started by creating a plan and evaluating all my debts and deciphering which ones were not mine, what debts were about to be removed, debts that needed to be worked on or disputed, and what new debts I needed to start working on getting.

Yes, you heard right! You have to get into debt in order to improve your credit.

If you don’t have any credit make sure to start off with a secured credit card via your bank. Or you can also get prequalified for credit without it affecting your credit score.

6. Use an app to track your progress

Keeping track of all your assets, your credit cards, and setting a budget is super important. That’s why I recommend this amazing app provided by Intuit. I’ve been using this amazing app for years and I love it and highly recommend it. It keeps track of all your bills, reminds you of when your bills are due and overall helps you stay on track with all your bills.

It’s important to take care and protect your home if you own one.

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The process of finding a new home is never simple. With the constant change in mortgage rates, purchasing a home should not be taken lightly. There must be proper preparation to avoid a financial disaster, and preventative measures should be considered if you have high-end appliances.

By acquiring a home warranty, you can ensure the safety of your property. To help reinforce this, in the following, you’ll see examples of why having a warranty can be a benefit.

When it comes to home warranties and home insurance, they should not be thought of as the same thing. While they do share certain similarities, they are still entirely separate entities and should be treated as such.

Make sure you do your homework before signing on the dotted line with a warranty.

How do warranty policies operate?

Home warranties, like any other service, come with their own set of guidelines and restrictions. While one company may be able to handle all of your heating needs, another may not. Your policy may also cover the purchase of a second refrigerator as an add-on. Now, some warranty claims may get denied, and it is important to know why so you can avoid it. A good example is if you claim an appliance isn’t working correctly and requires reimbursement for a replacement. If the damage is determined to have been caused by intentional human error, then your claim could be denied.

They’re pretty similar, but to what extent?

Despite the similarities between warranties and insurance policies, they are two different services. However, it would be helpful to see how far their similarities reach. With these plans, you’ll be covered and reimbursed if repairs and replacements are needed in your home, which will keep your finances safe.

How vastly different are they?

Now, where they differ is in what exactly they each cover and the fact that home insurance is a requirement if you pay a mortgage, while a warranty is entirely optional.

Protection in many forms is available.

Home insurance is divided into two parts, liability and property coverage. The liability portion of homeowner’s insurance is distinct from the property portion. You’ll need to have both in order to get a mortgage.

Property insurance is most similar to a warranty. In the case of an unforeseen incident, you’ll be protected with either one. As a result of this, the issues they address are generally distinct. As an example, your property insurance will kick in if a tree branch falls on your house and takes off a section of your roof or if your home is broken into. Appliances and systems that fail in your house will be handled with the aid of your warranty, which covers the cost of such repairs.

  • Liability insurance, on the other hand, is designed to protect you if someone gets injured while on your property. An example of this is if your guest trips and falls hard after climbing the crumbling front steps of your house that you haven’t had a chance to fix.
    • Your liability insurance will step in to cover their potential medical bills and any potential lawsuits. This way, you can breathe easier.

If you’re talking about home warranties and what they cover, then you’ll see that the coverage applies to two categories (home appliances like refrigerators and stoves as well as home systems like HVAC and plumbing). The amount of coverage you can get is entirely dependent on the insurance company and policy you select. As a rule of thumb, many providers give a variety of options for both ordinary coverages for either category and premium coverage which covers both.

Always a good idea to be covered!

For the most important investment you’ll ever make, take care to protect your home and ensure it lasts a long time to either sell it or pass it down to your children. Repairing or procuring a suitable replacement at a fair price for your appliances may be a major hassle, as can dealing with unexpected failures or breakdowns like renovating the kitchen. You might accidentally hit a water pipe that will need to be fixed, and fixing plumbing is not cheap. Because of this, a warranty might be advantageous!

How to Make Your Company a Welcoming Space to Immigrant Employees

Make your company a welcoming space for immigrants

Make your Company a Welcoming Space to Immigrant Employees

In business, it’s best to have as many perspectives as possible. If your company’s whole team has roughly the same background and opinions, you’re inherently limited by what that worldview can offer. However, welcoming diverse employees, especially those from other countries, can help expand your teams’ ability to create, innovate, and drive your business toward a brighter future.

That said, many employees aren’t sure how to make their job offers appealing to immigrants. Here’s a look at a few ways your small business can work to be a welcoming place for people from all over the world:

How to Be Organized and Efficient

Obviously, you should always work to do right by your employees. When you’re working with immigrants, however, it can be even more important. For example, it’s easy for the payroll process to fall behind once in a while when a new business is just starting off. After all, there’s so much to figure out: setting up a payroll system, gathering employee information, setting up direct deposits to withholding payroll taxes, and more.

However, late paychecks are likely to be far harder on immigrants, especially if they’re still settling into their new area and already facing other major challenges. Therefore focus on using reliable software like QuickBooks or OnPay to make sure everyone gets paid appropriately and on time.

You should also be sure to have a clear organizational structure in your business. For your very first few hires, you may not have a firm sense of who reports to whom — odds are, everyone simply reports to you. By the time you have more than just a couple of people on staff, however, it should be extremely clear who is in charge of what.

This type of clear delegation of responsibility is essential when you’re training across a language or culture gap. People have a far easier time adjusting when they know what role they — and those around them — are expected to play.

Advertise Your Job Abroad

Another great way to get potential employees interested in your business is to advertise your role abroad. If you have to have it translated, make sure to hire a skilled translator like Faviola Valencia to avoid any embarrassing auto-translate mistakes. Make it clear on the job application whether or not they’ll need to move since many international companies manage employees remotely.

Consider using freelance job boards to find capable foreign candidates. For example: If you’re interested in hiring remote freelancers in India, you can list your job on sites like Guru and Upwork.

If they are working remotely, be sure to offer a benefits package that makes sense in the context of their home region. For example, health insurance may not hold much appeal to someone in a country with socialized healthcare. A technology credit that covers their WiFi bill could be an attractive alternative.

When it comes to paying foreign remote workers, bank transfers can be cost-prohibitive. Instead, look for an affordable and secure money transfer service. For example, if you hire remote workers in Mexico, you can transfer funds through Remitly for no fee if you’re sending $500 or more. 

Recognize the Value Immigrants Bring

Finally, be sure to recognize and acknowledge the value that immigrants bring to your business. Studies have shown that immigrants have a knack for building businesses that thrive. The very character traits that one needs to uproot their lives and move to a new country are also essential for business success. Bravery, open-mindedness, creativity, and a good eye for opportunity are just a few of the valuable traits immigrants can bring to your small business.

However, it’s easy for people who already feel out of place to get the sense that their hard work isn’t truly seen by their employer. That’s why you should go out of your way to make sure that your employees know that you notice and value what they do. Call out victories in group settings and one-on-one. This way your whole staff will see that you’re aware of what they bring to the table.

There’s so much you stand to gain by hiring immigrants to work for your small business. We hope you can use the information above to make your hiring process more attractive to people abroad so you can have a diverse staff that’s excited to make your business the best it can be.

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Taking the Next Step: Give Your Career a Fresh Start

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You’re probably more than familiar with cleaning your home. You know how to get rid of clutter — making room to update your home with a fresh style. The reward for your effort is a healthier, happier home. Making the effort to revamp your career works the same way. It’s a time to get rid of what no longer serves you and make room for change that leaves you more satisfied with your direction in life.

If you aren’t sure which direction to take, start by asking yourself these questions: What do you want from career growth, and what will it take to get there?

With that in mind, consider your options for making that change happen:

  • Do you want to be an entrepreneur and start your own business?
  • Do you want to change careers and start in a new field?
  • Are you happy in your field but ready to reach the next level?

Leaping Into Entrepreneurship

Even if you haven’t considered some of these options, keep an open mind because the career you really want may be closer than you think. For example, many people think they need a large amount of capital to start their own business, but this isn’t always the case. One way to become an entrepreneur without a huge investment is to start an e-commerce business using the dropshipping model. The primary startup costs are in creating your website, which will include finding a company to host it.

With e-commerce, the startup costs and amount of time required are relatively low compared to a traditional business, but you still have to treat it like a real business. Being successful in e-commerce depends on setting yourself apart from the crowd. One way to do this is by choosing a unique product, something that isn’t easy to find on any other website. You also need to provide the absolute best in customer service and create a website that’s easy to navigate, including from mobile devices.

If you’re starting a brick-and-mortar or service-oriented business instead of an e-commerce startup, carefully consider your location. For example, with many tech companies relocating from the Bay Area, Sacramento offers a business-friendly locale for startups. If you’d prefer to rent before buying, Rentals.com lists over 600 homes available for rent in the area. Just filter homes based on price, amenities you need, number of bedrooms, and more.

Making a Career Change

If starting a business isn’t for you but you’re ready for a change, don’t assume that it’s too late to make that move. Some people fear that a career change means you’re starting with nothing, but you probably have more going for you than you realize. If you’ve been in the professional world for any length of time, you already have a network. Use your connections with colleagues, business owners, and other professionals to ask if they can help you branch out into your new field.

Besides connections, the most important requirement for getting into a new career is gaining knowledge and expertise. Resources for acquiring those skills are limitless: learn online, take continuing education courses, or attend conferences. For example, with an online MBA degree, you’ll learn key skills in marketing, financial management, and accounting.

Another way to make yourself a competitive candidate for any new job is to find learning opportunities within your current job. Taking on a variety of roles and continuing to learn can open up all sorts of future possibilities, and it shows employers that you’re capable of wearing many hats.

Landing a Promotion

One thing you should do before applying for a new job, including a promotion at your current company, is to fine-tune your resume. This is where you can highlight the extra training and learning opportunities you’ve taken to show that you’re ready for the new position. When you’re going for a promotion, it’s also good to emphasize leadership roles or times you have stepped up as a leader. If you have your eye on a promotion but aren’t sure if you’re ready yet, set milestones with your boss. This way you have goals that you’re actively working toward, and your boss will appreciate you taking the initiative.

Taking the next step in your career, whatever that may be inevitably requires stepping outside your comfort zone. Change can be scary, but remember that it’s necessary for growth. Restarting your career is all about making room for new growth and opportunities in order to see your career flourish.

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Common Business App Mistakes and How to Avoid Them

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Common Business App Mistakes And How to Avoid Them

Creating a mobile app is a great move for most businesses. However, it can be a pretty intimidating process, especially for a small business owner without much – or any – mobile development experience. There’s a lot that can go wrong, and a bad app can do more harm than good. From Faviola Valencia, here’s a look at a few common mistakes and how to avoid them:

Using an App Builder

Many business owners decide to cut costs and go with an app builder. These use templates to create quick and simple apps for businesses, but the results can be pretty underwhelming. You’ll wind up with an app that looks like hundreds of other business’s, and you’ll be severely limited in what your app can do.

Hiring professional mobile developers gives you far more room for creativity and empowers you to make a unique, functional app for your business specifically. You could keep someone on full-time to build and manage your app or look for a freelancer who can take the project on solo. Either way, this will be a far more in-depth process that will let you get what you really want out of your mobile app.

If your business is going to take on new employees such as app developers, you may need to have a way to manage payroll, and an app can come in handy here. The right payroll software will automate payments and tax deductions, send you important alerts, and be mobile-friendly.

The only exception to this is if you absolutely do not have the budget to hire a developer. In this case, app builders may be your only option. Still, you should go into the process with reasonable expectations and a firm understanding of the rules for using app builders for any given app store. Apple, for example, has strict rules dictating how app builders function and who officially submits the app for review. If you’re in this boat, weigh the pros and cons of going with an app builder vs. waiting until you have the budget to hire a pro.

Not Having a Logo

Considering the number of apps that are released every year, getting noticed requires a lot of hard work. One surefire way to get lost in the shuffle is to skip creating a smart, engaging logo that will help separate you from the competition. You want something that people immediately recognize and associate with your brand, which is a little trickier than it might sound.

If you don’t have enough room in your budget for a graphic designer, don’t worry — there are logo creator online free tools available that allow you to put together a striking logo using premade templates. Then, you can download the image and use it for branding and marketing campaigns associated with the launch of your app.

Creating a Dead-End App

Another mistake business owners make when it comes to creating an app for their business is neglecting the funnel possibilities mobile apps offer. Business apps should provide functions for customers. And in fact, a great place to start when planning yours is to make sure it’s addressing at least one of these key small business tech needs outlined by ZenBusiness. But you also need to ensure your app can drum up profits in some way or another. For example, apps that function as loyalty cards provide benefits for your customers while incentivizing additional business.

You can incentivize business with nearly any app. For example, say you own an accessories shop. You could make an outfit creation app where customers can try your products on with a digital avatar. If you give customers an in-app way to order items they like, you’ve created a whole new, slightly gamified shopping experience. Mobile apps have a lot of power to tap into impulsivity – think of ways your business can capitalize on that.

Setting and Forgetting Your App

Finally, it’s important to recognize from the start that running a mobile app is an ongoing process, not a self-contained task. Most apps need monthly updates in order to run well and stay fresh. You’ll either need to learn to make these updates yourself or maintain a strong relationship with your mobile developer.

At the same time, however, avoid over-updating. Thoroughly test every new version to catch all possible bugs and issues before you go live. Updating your app more than once a week can get extremely annoying to customers, especially if they don’t update apps automatically. Even if they get automatic updates, however, any changes to the user interface or app aesthetic are going to throw users off, so keep major changes as infrequent as possible.

Mobile apps have a lot to offer small businesses, but you have to take the right approach. We hope this article helps you to get a sense for the full scope of a mobile app project and inspires you to create an app that pushes your business forward!

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