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King Financial Blog


9 tips to practice a safe lifestyle free of identity theft

Admin Manager - Thursday, November 16, 2017
To stay safe from identity theft, you can follow safe banking and financial recommendations: Try to keep your account numbers and PIN numbers safe in every situation. Cover your account and PIN numbers when using debit at the store and refuse to give your PIN number to anyone. Avoid writing down your PIN and account numbers, this information could potentially fall into the wrong hands. When doing business, do it with businesses you trust only. Rip up the application for “p ..

The Top Three Major Credit Bureaus You Need

Admin Manager - Sunday, November 12, 2017
The three major credit bureaus are important to contact if you are going to be repairing your credit score, but why? The major three credit agencies can help you by sending you your credit report. If you catch an error on your credit report, these are also the companies you´d want to contact in order to correct the issue. You can easily contact these organizations by telephone, or through an email: Equifax Credit Information Services, Inc Address: P.O. Box 74 ..


Admin Manager - Sunday, October 15, 2017
The most widely used credit score is the FICO Score, but, what is it? The FICO score is a mathematical model that is used to depict a consumers' risk of going 90 days late on an account within the following year. Lenders use the FICO Score to help them make credit decisions every day. FICO calculates the FICO score based only on information in consumer credit reports maintained at the credit reporting agencies. FICO credit scores range from 300 to 850. That FICO Score is calcula ..

What is FICO?

Admin Manager - Friday, October 13, 2017
FICO is a business analytic software company and is based in San Jose, California. FICO was founded by Bill Fair and Earl Issac in 1956. Their FICO score has become the main credit score used to determine consumer credit risk. FICO went public in 1986 and is traded on the New Your Stock Exchange under the ticker symbol FICO. The company debuted its first general-purpose FICO score in 1989. Scores are based on credit reports and range from 300 to 850. Lenders use the scores to gauge a pot ..

(You Can’t Miss It) The Ultimate Guide To Building Your Business Credit

Admin Manager - Monday, September 25, 2017
First of all you want to start setting up your business entity. You can do this by thinking of a business name you want to have and searching your Secretary of State records to see if it’s available (also consider searching Go Daddy to see if that company name is available as a web domain). Once you confirm the website and name is available, you can go ahead and setup your entity with your Secretary of State, costs usually range between $60-$600 and setup a corporation or a LLC.  ..


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 ..

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