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Bad Credit Blog Posts

By First American Merchant

Feel free to give us a call for more info 1-800-210-5649

Need Funding with Bad Credit? High Risk Business Loan 2019

You need low cost, flexible funding options, don’t you? Well, what to do if your credit is far from being excellent? This article will show that obtaining a bad credit business loan or funding isn’t as frustrating as you may think. Also, you’ll know how you can get a high risk business loan with ease. Small Business Funding with Poor Credit Serving as a calling card for your business, your credit score shows you haven’t been an excellent “manager” of your finances. The truth is that 500 – 550 (FICO score) will definitely put some rocks on your way. However, […]

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True Credit/Debit Card Costs and Bad Credit Merchant Accounts

What’s the truth about credit and debit card acceptance expenses? Where can you find a secure and cheap bad credit merchant account? To know, just read below. Credit/Debit Cards: Bad Credit Merchant Account In this day and age, when mobile wallets are more than a reality, people still make payments via credit/debit cards. So, if older methods of making payments are more preferable for you, it’s quite normal. According to an online student loan and other financial product provider, millennials still pick credit/debit and cash to make payments. Interestingly, they go for these payment options with greater willingness than with […]

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Bad Credit Loan: Poor Credit Isn’t the End of Your Business

Your dedication, passion, and hard work aren’t enough for growing your business. Having access to the necessary working capital is no less important. So, what can you do if you have a less-than-stellar credit score but are in need of reliable and affordable bad credit loan?  Here’s what you can do. Bad Credit Business Funding Business loans are among the most common funding sources for merchants all over the world. However, this doesn’t mean that all merchants can get easily approved for them. If you have poor credit, expect to meet some challenges when trying to get approved for business […]

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Credit Struggles That Plague Business Owners

Are you faced with some conditions that aren’t favorable for business funding? What credit-related obstacles may appear on your way while you’re trying to obtain business financing? Where can you get reliable and affordable funding for your business? How can you get low cost merchant services such as a bad credit merchant account without challenges? Read this post and you’ll know. Business Struggles: Bad Credit Merchant Account JJ Ramberg, founder of Goodshop says, “There is no magic bullet in business.” As he further notes, the majority of people are concerned about things they don’t have much or any control over. […]

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Revive Your Business with a Merchant Loan Regardless of Credit

Especially in the early years, money is tight for small businesses. When their owners want to grow their firms, buy extra inventory, hire personnel, or fund a marketing campaign, they often need to borrow the money. Accessing financing can is tough when a business is small and new, and it can seem impossible if its owners also have poor credit. In 2016, 45% of small businesses applied for some type of financing, according to the 2016 Small Business Credit Survey, released by the Federal Reserve. Of those applicants, only 40% received the full amount they requested. Bad credit, which is […]

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Obtaining A Merchant Account with Bad Credit

Bad credit or not; business must go on! And if you expect to accept credit cards from your buyers, then a merchant account is a basic necessity for you. A merchant processor receives your credit card sales for a fee and links transactions to your business checking account. Every processor has their unique criteria for merchant account approval. Most of them will look at your credit. Luckily, some account processors will offer you a bad credit merchant account. Here are things to take into consideration when seeking a processor. Your Business Structure For C-corporations with an EIN (employer identification number) […]

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5 Bad Money Habits You Must Break Starting Today

Once a habit is created, it can be very difficult to break. Has your financial situation become a vicious cycle of debt and spending? Consider the following 5 bad money habits you need to break today to regain financial freedom: 1.      Spending more than you earn According to research from the National Financial Capability Study, one in five Americans spend more than they earn and 38 percent break even. The difference between those who struggle with debt continuously and those who stay in control of their finances is spending more than they can afford. Living an excessive lifestyle […]

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How to Get a Merchant Loan, Regardless of Bad Credit

Bad credit can have affect your life in many ways. It can make it hard to rent an apartment, get the job you want and even prevent you from getting a cell phone contract. For the aspiring entrepreneur, poor credit can halt business plans altogether. Bad credit can not only lead to higher rates and more restrictive terms on approved loans, but also affect your ability to be approved at all. Fortunately, the creativity and flexibility of alternative providers have made it much easier for business owners with bad credit to secure the working capital they need. High-Risk Providers A […]

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How to Find a Small Business Loan with Bad Credit

While there are many reasons why a company might be categorized as “high-risk”, this typically means the business is operating within a high-risk industry and/or a risk of financial failure exists. High chargeback rates and limited time in business will also push a business into this category. If you are struggling with bad credit, your business will definitely be considered “too risky” to extend a small business loan to. So where can you go from here? How to Get a Loan with Bad Credit Depending on how bad your credit score is, it will be very difficult – if not […]

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Get Merchant Services Even With Bad Credit

Are you a small business owner interested in how you can get a merchant account so to start accepting credit cards? Well, you should be aware that your credit can greatly impact on whether you can get approved for credit card processing or not. This article will tell you about good and bad credit, as well as how you can get approved for a bad credit merchant account. Your Credit Score Really Counts The results given by different scoring systems may have slight differences. FICO (Fair Isaac Corporation) is a data analytics company based in San Jose, California focused on […]

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