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We are gearing up for our blowout contest we’ll be having in January. Prizes includes stuff such as $250 cash, iPod Touch, iPod Nano, personal finance books, and a consultation with a Certified Financial Planner. Some of the ways you will be able to enter our contest will be becoming a fan of...

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CIT Bankruptcy affecting Business Credit lending?

I was thinking about my next post when I three emails between yesterday and today asking about CIT and their bankruptcy and how it will affect us in the business credit world. There are a couple things we have to address before even thinking about answering this question. Is CIT bankrupt? How much...

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Citi leaving the Business Credit arena?

A while back Dell business credit was backed by CIT and more recently they have been backed by Citi. I applied for a business credit account from them today and low and behold they are backed by CIT again. This bothers me because a number of things are happening in the business credit world that does...

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Removing Late Payments from your Personal Credit Report

In keeping with covering an expanded range of topics outside of simply business credit, I decided to post on some tips that I have used in the past that helped me boost my personal credit score. We all should know that late payments affect our FICO score as well as possibilities for future credit...

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Buying Real Estate with Business Credit

Since I am gotten into the business credit industry I have gotten more questions than I will like to admit about buying real estate with business credit. A couple years ago it was possible, but extremely difficult to get a commercial mortgage with no PG, and it is simply impossible to get it now. Strangelyenough...

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A nice Net 30 Update

I got an email from a user and reader of mybusinesscreditblog.com that goes by the name of FForbes…not sure if he wanted me to put his name but I will take the chance. His email said “Nebs and rapidforms which are both deluxe are now merging as one as are only don’t an invoice unless it’s $100.00...

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Doing something crazy – Making Money with FOREX

Okay guys, I am going to do something that goes against many things that I believe..lol…I am going to purchase a forex robot and see if it works. Now, you will ask why I will do something like this…… 1. The product that I am going to buy has pretty strong sales and low returns…it gives me the...

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Out of Control Spending On Gifts and Holidays

I love to give. One of my favorite ways to show appreciation, affection, or just simply make someone happy is to give them a gift. I honestly don’t do it, because I am obsessed with materialism. I just know that receiving an unexpected, thoughtful gift brings can really brighten up someone’s...
Why Rich People Go Broke

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Why Rich People Go Broke

I was reading Sports Illustrated, and I came across this statistic: 78% of former NFL players go bankrupt or are under major money stress due to joblessness within 2 years after retirement. 60% of NBA players are broke within 5 years after retirement. Does that surprise you? It didn’t surprise...

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Kids And Money: Should Your Kid Apply For A Credit Card While In College?

Many parents will be sending their kids off to college in the coming weeks, and the issue of credit cards always comes up. Parents don’t want their kids to be high and dry if they need an emergency car repair or have a medical issue. For many college freshman, it is a rite of passage to apply...

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