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Gustan
AdministratorSeptember 18, 2024 at 4:54 am in reply to: Story of Loyalty of German Shepherd DogsHere’s a video clip of Chase. Chase is 20 months old. A long coat German Shepherd. Black and red with a black mask. Phenomenally intelligent and we communicate via eye contact. He loves ❤️ 😍 💖 ❣️ 💕 💘 ❤️ 😍 his red ball. Chase also comes by me with his ball and drops it in front of me when he wants to get out of the house to play fetch. If I ignore him, Chase will pick up his ball and bring it by my lap and place it there. How can I say no to Chase. Therefore, I have to drop whatever I was doing and take him out to play several rounds of fetch with his red ball. When he had enough, he goes by the door to get in the house. Extremely intelligent and well mannered. Gets along with his furry little 3 pound to 15 pound furry brothers and sisters dogs as well as three unfriendly cats. I want to get Chase a German Shepherd puppy brother or sister in the coming weeks or months. I will always adopt long coat German Shepherd dogs black and red with a dark face just like Chase. Chase was 8 months old when I adopted him. He didn’t know what a toy was, didn’t know treats, didn’t know a dog bed, and didn’t know what a leash was. It didn’t take him long to know and like the finer things in life. He was a cleptomaniac. He took my shoes, slippers and anything he could transport to his kennel. I never kennel him except for feeding time because he had to be on a special diet due to him being underweight, worms, and parasite. Never destructive except he took my brand new $1,000 pair of glasses and chewed them up. Other than that, Chase did good.
- This reply was modified 1 day, 8 hours ago by Sapna.
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Gustan
AdministratorSeptember 18, 2024 at 3:54 am in reply to: Story of Loyalty of German Shepherd DogsHere’s my Big Man Chase the German Shepherd dog 🐕 ❤️ 💕 😎 💪 😄 🐕 You don’t have to train a German Shepherd. Just spend tons of quality time with them and they pick things up. Smartest dogs I ever had. My first dog when I was a freshman in high school was a German Shepherd dog. Female dog, named Jeannie. She was amazing and extremely smart.
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Gustan
AdministratorSeptember 18, 2024 at 12:50 am in reply to: Concerned About California Wildfires? What Homebuyers Can DoGreat article, Chad. What’s going on with insurance?
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Gustan
AdministratorSeptember 17, 2024 at 9:17 pm in reply to: How long does Commercial Loan Officer training usually take?Danny Vesokie of Affiliated Financial Partners is a good friend of mine. Danny runs a commercial loan officer training school, and I highly recommend him.
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One pertinent question in this context is how to establish business credit for your startup, especially after 14 years. Let us first address your questions specifically and, in the same breath, highlight some of the current practices in building business credits.
Net 30 accounts vs. Charge accounts:
Traditionally, net 30 accounts were the first chances to develop a business credit line. Charge accounts can do just as well, if not better, in certain situations. Since you have three charge accounts reporting plus the potential of 2 other accounts, you might not see the need ever to return to net 30 accounts. This is the reason.
It is often the case that charge accounts get reported to the business credit bureaus rather than some net 30 vendors.
They usually come with more generous credit limits, which increase the overall credit utilization ratio.
They also show that loads issued from respected issuers (such as American Express) can be more beneficial to future lenders.
Recommendation:
Suppose your charge accounts are obtained from quality vendor items that report to the business credit bureaus (Dun & Bradstreet, Experian business, Equifax business). In that case, net thirty accounts should be ignored moving forward. The emphasis should be on managing the current accounts inherited defensively.
There is the point of view of how many tradelines are necessary and time straw popularly used in scoring businesses:
However, this can also vary from one credit bureau to another. Regarding the number of tradelines required and the period required to calculate the business credit score. These, however, are some of the general trends:
Dun & Bradstreet PAYDEX Score: Typically requires at least three tradelines reporting and about 3-6 months of payment history.
Experian Intelliscore:
It can be scored even with one tradeline. But its optimum and nicer version would be three to five tradelines with 3 to 6 months’ history behind them.
Equifax Business Credit Risk Score:
The same context but different agency experiences. Few information data = few scores. They all can generate scores with limited data. But it gets much better with 3-5 tradelines and 6-12 months of history—i.e., from Equifax.
Remember that while scores might evolve within a couple of months, some factors’ full effect can only be rendered after an average of 12-24 months. This is especially true of the adequacy of the credit user’s payment history.
Other recommendations for this will include the following:
Ensure your Credit Reporting Agencies Charge Accounts are Reporting to all Three of the Major Business Credit Bureaus. If they are not, look for alternate strategies, such as calling the account issuers and requesting that they report.
If you opt to create additional accounts, make sure to mix regrets with other types of credits. This may include a simple small business credit card or a standard business line of credit.
Try to maintain a low credit utilization ratio. Usually less than 30% on most occasions. Pay off all the bills within the due date or preferably before them.
Review your business credit reports as often as necessary, looking for errors, updates, and how well your business has progressed over the years.
If you still need to do so, consider updating your D-U-N-S Number profile with Dun and Bradstreet so that your company’s information is always up to date.
Since your company was formed four years ago but is only active now, it may be worth describing this situation to certain potential creditors or lenders. Some would be optimistic about the company; however old it is, it may have been relatively active recently.
Do you wish for more details concerning any particular area of improving your business credit?
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Gustan
AdministratorSeptember 16, 2024 at 7:08 pm in reply to: Not sure why not working. Believe it is the risk layersRhonda, whenever it says ineligible, something was inputted wrongly. Probably disclosures. Ask Alex or Angie
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