16
2009
Improving Your Credit
In America, your credit score is very important, especially if you’re trying to get business cash. Granted, merchant cash advance providers don’t place very much weight on credit scores when approving advances. Still, having a credit score of 650 or greater can qualify you to receive a premium merchant cash advance where you will receive the lowest rates in the industry and loan terms of up to 12 months.
There are many sources offering tips on improving credit scores. Below are some of the tips that stood out the most.
- Make sure the information on your credit report is correct
- Pay your bills on time – Setting up automatic payments can help, just make sure you always have sufficient funds.
- Don’t bounce checks
- Review your credit report once a year
- Work to decrease your debt – Pay more than the minimum payment on your credit card bills and don’t charge exceedingly more than you plan to pay off every month.
If your credit score is currently less than perfect and you need cash for your business, MRI may still be able to provide you with up to $500,000 for your business. Contact us or complete an online application and a funding specialist will contact you within 24 hours.
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