These cards often have a less complicated application process and will help young
companies establish their credit history.
Not exact matches
Once you've
established some
history of paying back your debt, your
credit card
company may be willing to increase your limit.
This can be good for young and small
companies, which do not have a long and
established credit history.
Even larger, more
established security
companies can have problems securing financing because of an owner's poor
credit history or not having sufficient assets to satisfy demands for collateral.
The
company has made a name for itself by helping people with thin
credit get money when they need it, and it's also helped them
establish better
credit profiles and
history.
The Toyota Motor
Company describes excellent
credit as a «long,
established, positive
credit history.»
Without an
established business
history or
credit to your
company's name, the only way the lender will be able to determine creditworthiness is by accessing your personal
credit score.
This can be good for young and small
companies, which do not have a long and
established credit history.
As well, you may have
established a solid
history with your
credit card
company of making timely payments.
The problem with using a
credit history / score to determine an individual's auto insurance rate is that
companies are using socioeconomic factors to
establish a premium rather than using a client's actual driving record.
Coping with a bad
credit score can be tough as most monetary
companies rely heavily on your funds management
history to
establish your eligibility for particular products and services.