Secured Business Credit Cards

While consumers have more than enough secured credit card offers to choose from it seems to be more of a challenge for small business owners.

If you are having a hard time finding the right secured business credit cards for your company don’t worry because I’m hoping this post will point you in the right direction.

What’s most important is first ensuring that the secured card you select as a business does in fact report to the business credit reporting agencies not your personal files.

Most of the cards you hear about that help rebuild your credit are for consumers and not for businesses. You al

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A new report from IT security event organiser Infosecurity Europe found that 44% of people have fallen victim to this type of fraud.

The average amount stolen equated to £1,448, although 37% of those questioned did not receive their money back from the bank.

More than two-thirds (60%) of respondents blamed retailers for being negligent with their personal details, while 28% said it was their own fault that money had been stolen.

Claire Sellick, Event Director for Infosecurity Europe, commented: “The incidence of bank card fraud and ID theft is very high and perhaps not surprising given how ingenious criminals have become.”

A quarter of the people questioned said their credit card details had been stolen during an online transaction, while a fifth were duped during a face-to-face transaction.

The study is hot on the heels of the British Crime Survey, which also showed a rise in this type of fraud.

In today’s turbulent times, business owners should be diligent in protecting and, if necessary, repairing their business credit reports.< ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

Unfortunately there’s not much helpful information regarding business credit repair and how you go about correcting errors, inaccuracies or obsolete information on your files with the three main business credit bureaus.

Just the other day one of my members was debating whether to purchase a shelf corporation or work on his existing entity which had two derogatory marks on its DNB file.

He felt it would be much easier to start over instead of working on repairing his existing file because he had no idea of how to go about correcting it.

I suggested he follow some simple steps to initiate an investigation and after one business day his file was updated and the negative marks were both deleted on his file.

This is why it’s so important to monitor your files because the only one who is policing them and ensuring that the data being reported is accurate is you!

There are currently no laws that protect business owners from unfair business credit reporting, like the Fair Credit Reporting Act does for consumers.  

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The Post Office found that one-fifth of people have hidden their money worries, with 78% yet to confess the true extent of their difficulties.

Furthermore, it discovered that the average person in the UK now owes £9,731.51, although many will only admit to owing half of this figure.

Doug Strachan, Director of Financial Services at the Post Office, said: “The most important thing to remember is that if you do need to borrow money make sure you are responsible about it and set out a clear re-payment plan.”

He added that the recession may have put financial pressure on people for the first time so knowing how to deal with it is problematic.

Recent inflation statistics suggest there could be further problems on the horizon for savers, as the consumer price index increased to 3.4%.

A number of people may be returning to Britain to face hefty car park fines following delayed flights, it has been claimed.

The Trading Standards Institute (TSI) has suggested that the law will not be on the side of these individuals and money may have to be paid to prevent further legal action.

Many Britons have been stranded abroad as airline services were suspended because of an ash cloud caused by an erupting volcano in Iceland.

The amount that these people owe could therefore cause significant financial worry.

Ron Gainsford, chief executive of the TSI, said: “These are highly exceptional circumstances and the last thing passengers will need after these stressful delays is more extra costs they hadn’t anticipated or budgeted for.”

ABTA, the Travel Association, recently urged holidaymakers affected by the flight cancellations to get in touch with their insurance providers for the latest information on what they are or are not covered for in these circumstances.