A loan providing company operating over the internet has agreed to pay the FTC charges for having been involved in misleading and dishonest lending practices. For merchants, it’s critical to work with a reliable lending company, but where can you find one? Who can help you with bad credit merchant account instant approval? You’ll find answers to all these questions below. Deceptive Lending Practices: Bad Credit Merchant Account Instant Approval An online funding provider has recently been charged $3.85 million by the Federal Trade Commission (FTC). The thing is that the company has been allegedly engaging in misleading and dishonest […]

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 […]

Good credit history can play a crucial role when trying to get a mortgage, loan, apartment lease, or credit card. Your credit score is key to determining how much interest you’ll pay. Good credit demonstrates you’ve been financially responsible in the past. So, the higher your score, the more chances you’ll have to get approved for a loan with favorable terms. Credit History and Credit Scores The credit scores of Americans may undergo fluctuations over time. Different scoring systems may show slightly different results. FICO scores, which is the most commonly used model, range between 300 to 850. You must […]

Credit card processing seems simple enough: Get a merchant account and set up your equipment, and you’re good to go. But for very small businesses — such as mom-and-pop shops, one-person operations and home-based sellers — the decision to accept credit cards means having to consider some very unique needs. From the difficulty of getting approved for a merchant account to losing money from fees and facing the challenges of using the same technologies as large corporations, the road to accepting credit cards can be rough. Nevertheless, small businesses don’t have to be at a complete disadvantage. Just because you’re […]

Are you one of the many individuals that wakes up hitting the snooze button repeatedly, dreading the day ahead at work. A steady paycheck keeps you going back. And the fear of not having that paycheck, along with bad credit issues, keeps you from starting a business you would love and look forward to. If the lack of startup capital is keeping you from striking out on your own, you will appreciate the following examples of businesses that require little to no upfront, out-of-pocket expenses. Hobby business. Many startups are created by individuals that turn their favorite hobbies into jobs. […]

Banks are something that we cannot escape. From our personal checking and savings accounts, to our business accounts, banks are there for many aspects of our lives. Many merchants with bad credit have issues finding a cooperative banking account for their business accounts, and this may be a good thing. This has been a made couple of years for the banking system, and it may be getting worse – though not exactly money-wise. Banking identity protection services are coming under scrutiny for their outdated security methods. This not only puts your personal information in jeopardy, but also your business information. […]

When going into business, you’ll need to find a solution that allows you to accept credit card payments. Many out of box solutions are available such as Square. These simple solutions allow you to quickly and easily start accepting credit cards. However, they do have their downside. Lets take a look at the main differences between Square and an actual merchant account. Square Benefits: Square is incredibly easy to setup and any business can use it. Even if you’re a high risk business, you can begin accepting credit card payments with this option. The pricing is simple as well; 2.75% […]

These days we only hear about young, whiz kids who start businesses. For some reason, we think that in order to be incredibly successful, you have to start out young. But this is not true. Many entrepreneurs start companies after the age of 30. There are tons of examples in history that prove you can be a major success after you’ve had a career, children, or even grandkids. So if you have an idea or passion that has been festering for years, take a breath and invest in your dream. Although Mark Zuckerberg started Facebook at 19, far more billionaires […]

Today, we are surrounded by a financial industry that has opened for us innumerable doors to different financial instruments, all of which have perks of their own. In a world where the lenders are encouraging the borrowers to get loans, instead of the situation being the other way round, we have reached a point where people are carelessly taking out loans they know they cannot service and in the process, putting themselves into serious financial trouble. While these loans may offer glittery effects in the short-term, your struggle to pay them back or meet interest payments in time is something […]

Author and culture critic, Lee Siegel, created quite a stir on social media in early June in an op-ed in The New York Times. Siegel admitted that he defaulted on his student loans. The part that had everyone talking is that he willfully did so. In the article, Siegel recounted his story of how he, at seventeen-years-old, and his mother went to the local bank and took out his first student loan. He recalled how, when he was finished with the paperwork, the banker congratulated them. Siegel described this congratulation: “as if I had just won some kind of award […]