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Credit education is the key to managing and understanding credit. One late payment can dramatically decrease your credit score. In this video i will explain some basic credit card concept to help you manage your credit cards, and protect your credit rating. Follow, like, and share our facebook page: @My Credit Funding to learn more about credit score and credit reports.
Learn business funding strategy that you can use for 2021 to get funding for your new or existing business. Follow us: @My Credit Funding for more strategy on credit and business.
They say If you fail to plan, you are planning to fail, with only 3 weeks left in 2020. The question to ask yourself is What is your next move? In this video you will learn 3 Strategies to help you navigate through 2021. Don't forgot to like, share, and follow our facebook page: @My Credit Funding for more strategy on business and credit.
Trying to decide between a secured or unsecured card? Your credit score might play a big role in your decision-making. If you have less-than-stellar credit, a secured credit card may be the better option since they’re typically easier to qualify for with poor credit (scores below 580) or no credit. Secured cards are often marketed toward people looking to build or rebuild their credit. As a result, the security deposit acts as collateral if you default on payments. If your credit is already good or excellent (scores 680 and greater), an unsecured card can provide you with better benefits that may earn you rewards.
As of December 4, 2020 approved CEBA applicants can now receive a $60,000 loan. CEBA applicants who have received the $40,000 CEBA loan may apply the CEBA expansion, which provides eligible businesses with an additional $20,000 of financing.
Applications for the National Ecosystem Fund and the Black Entrepreneurship Knowledge Hub is now open.
Learn about free marketing tools that you can use today
PERC Canada estimates that nearly 6 million Canadians are “credit invisible.” This population either has no credit report (no-file population) with a nationwide consumer reporting agency (TransUnion, Equifax), or has insufficient data in their credit report to generate a credit score (unscoreable population). Credit Invisibles in Canada are mostly lower income persons, immigrants, members of minority communities, younger and elderly Canadians, and the unbanked and underbanked (nearly 1 in 5 Canadians). They remain financially excluded, and face considerable barriers trying to build assets and generate wealth by home or small business ownership. In this video we provide some practical steps to assist in improving your credit rating.
Business credit cards allows the business owner to separate personal expanses and business expanses. One key benefit of having a business credit is that it does not report on the owners personal credit report.
Having good business credit is beneficial when you need financing to help you manage your business cash flow.
Side hustles have moved from being fun projects to a major source of income for many during Covid-19. in this video you will learn some strategies to turn your side hustle into a real business.
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