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Are Credit Card Fees Tax Deductible for Businesses?

CreditStrong for Business

Credit cards are powerful tools, and almost 70% of small businesses use them each month. 1 Understandably so, as they can help facilitate sales and purchases, separate personal and business funds, and build your business credit scores. Are Credit Card Fees Tax Deductible for Businesses?

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How Long After Paying Off Your Credit Cards Does Your Credit Score Improve?

CreditStrong for Business

It can be nail-biting to wait for your credit score to update after paying off debt. Especially if that bump in your score is helping you get approved for a new car loan, mortgage, or revolving credit account. In some cases, it can take up to two months for your credit score to reflect the payoff.

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Is It Illegal to Use a Business Credit Card for Personal Use?

CreditStrong for Business

In fact, how you use your credit card is governed by your credit card agreement, not any federal or local law. Your credit card agreement lays out your entire contract with the credit card company. In it, you’ll see the terms that apply to you and your card issuer.

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Business Auto Loans Without a Personal Guarantee

CreditStrong for Business

Step 1: Credit Review A lender will likely review your credit history and credit score when you apply for financing. Whether you want a business credit card, small business administration (SBA) loan, business line of credit, commercial auto loan, or something else, a credit check is likely to happen.

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How Long Do Late Payments Stay on Your Credit Report?—Everything You Need To Know

CreditStrong for Business

Unfortunately, regardless of the reason, they will affect your credit score. Still, you may be wondering—how long do late payments stay on your credit report? Still, you may be wondering—how long do late payments stay on your credit report? How Does a Late Payment Affect Your Credit?

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How to Fix My Credit Myself and Save Money on Credit Repair

CreditStrong for Business

Once you realize how simple it is to fix your credit, you’ll wonder why you ever considered a credit repair service in the first place. Check Your Credit Report & Dispute Any Errors The first step to fixing your credit is knowing what it looks like. So it’s the ideal time to start tracking your credit.

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How Gen Z Should Prepare Their Finances for 2023 and Beyond

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Credit score. It is also important to maintain a good credit score in order to maintain financial health. The debt-to-credit ratio can be influenced by many factors including debt payments, credit utilization, repayment history, credit mix, and credit history. Numbers vary by lender.