Project Management Software
Manage your time, money, vendors and projects  with this software package. 
Click here:  http://39680a1i4p6m5tdr-8nzl3pnq9.hop.clickbank.net/?tid=LTUTT3

  ---------------------------------------------------------------------------------------------------

  We Publish Books. do you have a book in you?    
---------------------------------------------------------------------------------------------------

Upcoming Events Visit:  www.BriefingWire.com/pr/grow-your-attitude-to-grow-your-money-and-your-business

                                                                                                 Free Report On Money Visit Contact Us Tab 
                                                                                                 Raise Your Credit Raise Money: Interview With Bank Lending Director
 by Lia Tutt, ACB.
 Many business owners use credit to finance their business. This can be for equipment, expansion,
extra supplies for a big contract that was awarded, to name a few. However small businesses often
do not have the requirements for business credit, and therefore sometimes use personal credit while
 they are building their business credit. Sometimes businesses may have to personally guarantee the
 loan for the business. That is why it is important to improve and maintain excellent credit.
 I Interviewed Ms. Thelma Matthews, Director of Lending of MECU Credit Union. They have seminars
 for their members on building credit. Let's see what advice Ms. Matthews has for us business owners.

Question: There are numerous ads of lawyers offering for people to file bankruptcy to save their homes
 or help with their debt. That should be a last resort. How long does bankruptcy stay on the credit record?

Ms. Matthews: </strong>There are different bankruptcy chapters.
 Chapter 7, 11, 12, and 13 Bankruptcies stay on your credit record for 10 years from filing date.

Liens paid stay on 7 years from the date it is paid.
Liens Unpaid stay 15 years from filing date.
Judgments stay 7 years from filing date.
Delinquencies, collection accounts, charge-offs, etc. stay on for 7 years from the date of first delinquency.

Question: What are the warning tips that you are in danger?
Ms. Matthews: Ask yourself these questions. Do you make only minimum payments on credit cards?
Are bill collectors calling you? Are you considering debt consolidation?
Are you unsure of how much you actually know? Do you often pay bills late?

Question: How do you improve your finances?
Ms. Matthews:  Have a budget. Have automatic savings through payroll deduction. Know needs versus
 wants. Keep track of bills when they are due.

Question: What are good credit card management tips?
Ms. Matthews: Only borrow  what you can afford. Use only a small amount of the credit you have available.
 Just because you are approved does not mean to take any or all of those credit card offers.

Question: What do lenders look at for personal credit?
Ms. Matthews: Scores that are between 300 to 850. The range of 640 to 679 is average. The higher the score
, the better. The 700's and 800's are better.
This concludes personal credit towards business. Next time will go into business credit and lending