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King Financial Blog



Admin Manager - Sunday, September 17, 2017
It is highly important that you know lenders and credit issuers will often automatically deny you for business credit based on you not meeting their approval standards and that there’s a formula you must meet for approval and if you meet it, you’ll often get an automatic approval, or a decline if you don’t. This is one of the most common reasons for loan and credit card applications being denied: when the lender can’t easily locate your business onlin ..


Admin Manager - Friday, September 15, 2017
On September 7, 2017 Equifax - one of the three national credit reporting agencies - announced that they had experienced a data breach on July 29, 2017. First - let's call it what it is...THEY WERE HACKED! Second - let's be real about the impact...YOUR PERSONAL IDENTIFICATION INFORMATION WAS STOLEN! Third - let's be honest about what you can do now...BECAUSE YOU CAN DO SOMETHING TO PROTECT YOURSELF! It is estimated ... ESTIMATED ... that 143 million people had records stolen. ..

Business credit: Everything you need to know about it

Admin Manager - Sunday, September 10, 2017
Business Credit, also called “Corporate Credit”, is the credit that is obtained in a Business Name with business credit the Business builds its own credit profile and credit score linked to the business EIN number… not the owner’s social security number and with an established credit profile and score, the business will then qualify for credit. In this case, the credit is in the business name and based on the business’s ability to pay, not the business owne ..

Why you should beware of debts and credit you don’t use

Admin Manager - Wednesday, August 30, 2017
It is easy today to apply for a store credit card that you forget all about in a few years – but that account will remain on your credit report and affect your credit score as long as it remains open. Having credit lines and credit cards you don’t need makes you seem like a worse credit risk because you run the risk of “overextending” your credit. Having many accounts you don’t use increases the odds that you will forget about an old account and stop  ..

Online loan rate comparisons and why you must be careful of them

Admin Manager - Friday, August 25, 2017
Getting online loan rate quotes is really easy, you can type in some personal information and you can get a quote on your car loan, personal loan, student loan, or mortgage almost instantly. This process is free and convenient, leading many people to compare several companies at once in order to make sure that they get the best deal possible. The issue is that since online quotes are a fairly recent phenomenon, credit bureaus count each such quote estimate as an “inquiry”. W ..

Why you should look out for identity theft

Admin Manager - Monday, August 14, 2017
Many people who are alert about paying their bills on time and having minimal debts are surprised each year to find that they have low credit scores. In some cases, this happens as a result of identity theft. Identity theft is a type of misconduct in which people take your personal information and steal that data to pose as you in order to get access to your accounts or identity. For example, someone with your PIN numbers can take away small amounts of money from your bank account ..

How Paying Down Your Debts Will Help Elevate Your Credit Score

Admin Manager - Friday, August 11, 2017
When you have a lot of debt, your credit score will suffer. Paying down your debts to a minimum will help elevate your credit score. For example, if you have a $1000 limit on your credit card and you carry a balance of $900 often, you will be a less attractive credit risk to lenders than someone who has the same credit card but carries a smaller balance of $100 or so. If you are serious about improving your credit score, then you can start with the largest debt you have and start paying it d ..

Struggling with Bad Credit? You might find this REALLY interesting

Admin Manager - Wednesday, August 02, 2017
If you find yourself struggling with bad credit and want to fix it, you may want to look into obtaining a debt consolidation loan. And you may be wondering, how in the world will I be able to get a loan? Well, that’s what debt consolidation loans are for – to help you repair bad credit and ultimately get yourself back on the road toward a positive credit score and a solid credit history. Debt consolidation loans are meant specifically for people with bad credit who desperate ..


Admin Manager - Wednesday, July 26, 2017
Few people know that when someone takes a look at your credit report that inquiry is noted. Having a lot of inquiries on your report, may show that you’re shopping for several loans at the same time – or that you previously have been rejected by lenders. Both make you appear a poor credit risk and can negatively affect your credit score. Therefore, it is recommended that you’re careful about who looks at your credit report. In case you’re shopping for a loan, show ar ..


Admin Manager - Monday, July 17, 2017
People believe that having no credit cards, not owing money, and, basically, avoiding anything related to credit will improve their credit score. Well, the opposite is the truth - lenders want you to show them that you can handle credit, and, of course, the only way they can notice is if you have credit that you handle correctly. Having no credit at all can be worse for your credit score than having a few credit accounts that you pay off conscientiously. So, if you currentl ..

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