Archive for December, 2008

Can I build a credit history for my LLC by linking it to my credit card?

Can I build a credit history for my LLC by linking it to my credit card?

drf2684 asked: I started an LLC after I purchased my first investment property. I would like to buy my next house using the LLC, but don’t know how to build a credit history. I have an excellent credit card (rewards and interest rate) that is no longer available. Can I add the LLC as...
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Posted in Building Good Credit | 1 Comment »

what is the best way to pay on your credit cards to build credit?

what is the best way to pay on your credit cards to build credit?

Essex B asked: If i had a credit card with a 500 credit limit and charged $140 is it best to pay the minimun payment on TIME untill the $140 charge is paid in full ….or pay the whole $140 before the due date using bill pay or on the due date ? which...
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Posted in Building Good Credit | 9 Comments »

What is the fastest and most efficient way to build credit from nothing using a credit card?

What is the fastest and most efficient way to build credit from nothing using a credit card?

Sphen asked: I just recieved my first credit card in the mail and I just wanted to know what the credit bureau actually looks at. Is it that my bill is paid on time? How much of my limit is used at the time? If I pay over the minimum? What is the best...
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Posted in Building Good Credit | 4 Comments »

How do you build credit under your new fed tax id?

How do you build credit under your new fed tax id?

ralam848 asked: I recently recieved my federal tax i.d. How do i build credit under it? Can I get a cellphone for my business, How do I maximize the credit potential?
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Posted in Building Good Credit | 1 Comment »

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