Author: Edward Kirkland

How To Improve Your Credit Score

Having a bad credit score will make you not access financing from financial institutions easily. However, if your credit score is bad, it is not the end of the world.

Steps to help improve your credit score

1. Take note of your credit card balances

A major determinant of one’s credit score is the much credit they have compared to how much they use. If one has a smaller percentage of this, it makes their credit score rating better. One should be careful to maintain their balances at lower levels. It is better if the credit card issuer can accept payments throughout the month as opposed to a single payment monthly.Rising Bar graph

2. Get rid of the credit card balances

Most people have more than one credit card. They end up having very many small balances of the different credit card they hold. These small balances end up hurting one’s credit score. The easiest way of dealing with these is getting rid of them. One should find a way of paying off these small balances. They can then select one or two credit cards they can use.

3. Let the old debt stay on your credit report

Most people think that once they finish paying off debt, it should be gotten rid of from the report. However, this is not such a good idea. Items having a negative figure will be eventually removed from their report after seven years. These good old debts should be left on the report. This is because the longer the history of good debt the better the rating for their score is. One should also not close their accounts which have a good repayment report since this is necessary to be shown on your report.

4. Put to use your calendar

When shopping for an asset to buy, they should shop for the rate within a very short period. Applying for credit will cause your score to go a bit lower. When someone makes many credit applications, it means they use more credit than they should.

5. Use your calendar

wallet with money and car toyIf you’re shopping for a home, car or student loan, it pays to do your rate shopping within a short period. For mortgage, student and auto loans, they have a different scoring formula which allows one to take only one loan but with multiple applications. The most common credit score used by lenders will tend to ignore inquiries made thirty days before the score. How much time you have for shopping will depend on the score used.

6. Paying your bills on time

One should always aim at paying their bills on time irrespective of the fact that they are trying to save for some major purchase. If one does not pay their bills on time, it affects their credit score badly.

7. Don’t put yourself at risk

To improve your score do not put yourself at a risk of making your score bad. This can be done by being irregular in the repayments like paying this month and skipping the next; the other would be paying less than what you are supposed to pay. This will eventually hurt your credit score.

Best Methods For Raising Capital For Your Start-up Business

Securing the necessary funds to start up your business endeavor is probably one of the trickiest and most complex challenges you must deal with. Even though this can be quite the challenge, one that many fail to overcome, it is far from impossible. With a little skill, persistence, and creativity, you can succeed in raising the starting capital for your business enterprise.

Ways to raise capital for your business

Business plan competitions

piled coinsWhen trying to raise initial capital, try participating in business plan competitions. These events can be a great opportunity for meeting and networking with many sophisticated, skilled and experienced investors. In today’s business world, you can never know where the money might come from. But, before anything else, the first thing you have to understand is that you cannot start up your business funding without a business credit.

Business credits

First of all, start by securing credit for your business enterprise. Also, make sure to keep your business credits and personal credits separated from each other. Now, you might wonder as to how to do that? Well, start by opening a few business credit card accounts, make sure to cover your expenses with them and demonstrate the ability to pay them off diligently and responsibly. A good business credit can protect you, as well as allow you to secure even more funding for your new business, and at better rates. Also, make sure your business credit file is accurate and regularly updated. Having a file that shows your payment history, will further increase your chances of getting a good bank loan.

If you are wondering about other ways to how to raise capital for startups, keep in mind the following:


Various government institutions, business groups, and private organizations usually provide business grants in the range between 5.000$ and 50.000$.


These loans are very small and are usually provided by various non-profit community lenders. They rarely exceed a ceiling of 35.000$.

Venture capital

Those offering venture capitals are usually on the lookout for big businesses, that are in need of larger amounts of investment capital and who have already passed the proof-of-concept stage.

Angel investors

pile silver coinsIn some way, this is quite similar to the venture capital. Angel Investors are basically groups of investors, who usually tend to invest in start-up and small companies. Once they provide the capital, they expect a certain return, in order to cover their investments. This type of capital is much easier to get than the venture capital and is seen as one of the most popular capital-raising methods for many small-scale businesses.

Depending on what kind of business you run, you can opt for one, two or all four of these funding possibilities. Before you make your choice, be sure to familiarize yourself with them in greater detail, in order to determine which one will suit you the best and avoid common investment mistakes.