Bank finance articles and tips

As a small business owner to be or one that is in existence, but in need of financial backing for growth, the SBA loan application can be complicated. It is important that once an entrepreneur decides upon a loan guaranteed by the small business that they begin the loan process by obtaining the documents required and contact a local lender that deals with SBA loans since they are not a direct lender. Once the documentation has been gathered the loan company with then submit the information to the SBA for approval or denial....

Now that you have your Credit report chances are that there are accounts on there that are considered negative accounts. These negative accounts are the ones that you either paid late or didn't pay at all and they are the ones that are hurting your credit score.

There are some things that you need to know about these negative accounts. The first thing to do is to make sure that those negative accounts are actually yours. As I am sure you all know we are living in the times where identity theft and credit fraud are practically a way of life. It is not uncommon for people to have negative accounts on their credit reports for purchases that they never made or for lines of credit that they never took out. Both the credit reporting agencies and the United States Congress know this to be a fact and that is why legislative measures have been taken to give debtors a way to dispute these invalid debts. The first way is to contact the creditor directly. If you can convince them that you did not open that particular account you can get them to stop reporting that account as delinquent. If that doesn't work then you can file a dispute directly with the credit reporting agency.