Chime is a financial technology company that offers personal banking services through a user-friendly mobile platform. While it offers banking features similar to traditional banks, it is not a bank. Instead, it partners with FDIC-insured institutions: The Bancorp Bank and Stride Bank. This partnership ensures account holders receive the same level of deposit insurance as they would with a traditional
A business bank account is a financial account used to manage a company’s funds. Unlike a personal checking account, a business account separates personal and professional finances, essential for accurate recordkeeping, tax reporting, and liability protection.
ChexSystems is a consumer reporting agency governed by the Fair Credit Reporting Act. It collects data on closed bank accounts, unpaid overdraft fees,
Cash-back business credit cards are tailored explicitly for business owners. They offer a smart and straightforward rewards-earning solution for all your business basics. These cards give cash back on eligible business purchases, helping business owners save money and reinvest in their businesses. Cash-back rewards are different from traditional rewards cards. Most importantly, they keep it simple, delivering businesses a clear-cut
LegalZoom, Incfile, and ZenBusiness are three top providers of business formation and management services designed to assist entrepreneurs with their ventures. Each platform simplifies tasks such as LLC formation, business compliance management, and more to help you build and manage your business. Though they’re all similar at their core, their features, pricing, and additional offerings vary greatly.
Tradeline Supply Company LLC, founded in 2017 and based in San Diego, California, has established itself as a trusted marketplace for buying and selling authorized user tradelines. The company’s mission is to help individuals improve their credit scores by offering a variety of tradelines for purchase.
With a user-friendly online platform, customers can browse available tradelines and choose the
A trade reference is a report detailing the payment history between a business customer and its supplier or vendor. It provides valuable information about a customer’s payment history, credit terms, and trade relationships with suppliers and vendors. Trade references should not include anticipated payments, which refer to orders that have not yet been fulfilled.
Trade references can be supplied verbally,
Business credit bureaus collect, organize, and analyze data about companies to determine their creditworthiness. Major business credit reporting agencies, such as Equifax Small Business, Experian Business, and Dun & Bradstreet (D&B), collect and analyze financial data about businesses.
These organizations compile information such as payment history, credit accounts, and public records to generate business credit reports and scores. Other
Adding a tradeline can significantly improve both personal and business credit scores, but the exact impact depends on several factors. For personal credit, adding a tradeline can lead to an increase of 20 to 100 points. The range depends on elements like payment history, credit utilization, and the average age of accounts. Positive changes typically take 30 to 60 days
Real estate accounting refers to the process of managing and tracking financial transactions related to real estate investments. This includes recording income, expenses, tax obligations, and other financial activities. It encompasses key components such as understanding financial statements, tracking income and expenses, and ensuring compliance with tax laws specific to the real estate industry.
CreditSafe is a global provider of business credit reports, delivering actionable insights to businesses across industries. Established with a mission to improve financial transparency, CreditSafe has grown into the world’s most used provider of company credit reports, boasting a customer retention rate of 95%. With data on over 430 million businesses, it enables companies to make informed decisions based on
Fraud Disclosure:
Please be aware that individuals have been fraudulently misrepresenting to business owners (and others) that United Capital Source, Inc. (“UCS”) can assist small businesses in receiving government grants and other forgivable business loans, when in fact those grants or loans do not exist or are not available. These individuals have ulterior motives and are engaging in the unauthorized use of the names, trademarks, domain names, and logos of UCS in an attempt to commit fraud upon unsuspecting small business owners.
UCS will never communicate with a prospective client on Facebook, Facebook Messenger, or any other type of social media. Further, any email communications will always come from an official UCS email address and not a Gmail, Yahoo, or other email domain. If you believe you have been contacted by someone posing as an employee of UCS, please email [email protected].
