bad credit Blog Posts

By The High Risk Guys

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Bad Credit Merchant Account Holders | 4 Steps to Good Business Credit

Man reading bad news on the computer screen

Credit scores are an important part to a business’ ability to get loans, find payment processing and be successful. But having bad credit doesn’t have to be crippling if business owners work hard to build it back up. The following are a few tried and true ways that entrepreneurs can bring up their credit scores and build a foundation for success in the future. Keep Information Current with Credit Bureaus. Pick three qualified credit bureaus to monitor your business credit. Unlink personal credit scores, business credit scores are far less streamlined. There are a few bureaus you can choose from […]

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Bad Credit Won’t Stop HRG

an employee stressed out and still working in his office with a little clock behind him showing a time to get off

The credit scores of many small businesses took a big hit during the recession. Bad credit is usually defined as a credit score between 300 and 629. This is a major dilemma for many entrepreneurs searching for small loans with reasonable rates from traditional lenders. If you have bad credit, there are still a few sources available that will provide loans to your business. Online Lenders Online lenders like HRG are designed to give small loans to businesses with bad credit scores. But not all online lenders approve every business. Some are highly discriminate, but HRG has a 99% merchant […]

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No Capital, Bad Credit, No Problem

an employee stressed out and still working in his office with a little clock behind him showing a time to get off

Do you have a great idea, but don’t have the capital or good credit to get a traditional loan? Most entrepreneurs assume that their idea will never be successful unless they have major funding. Business owners should consider that many businesses that do acquire millions of dollars don’t make it, because they don’t have a sound business plan. Even if your business does not qualify for a large loan, there are a variety of ways to get your ideas off the ground that won’t break the bank.   Know Your Business. If your business can’t secure a lot of funding, […]

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Giving Bad Credit Merchant Accounts a Good Name

Bad credit merchant accounts are hard to find, and it is even harder to find a processor who is actually knowledgeable about the field. Many take on bad credit merchant accounts for the money, but are hardly interested in long-term dealings when fraudulent charges arise. Another issue with bad credit merchant accounts, as well as other types of merchant accounts comes with new and older owners, who are not familiar with technology. Gone are the days of successful “cash only” merchants, leaving those with new merchant accounts confused in terms of the technology and lingo. This is a turn-off for […]

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We Approve Merchants with Bad Credit

Is your business struggling with bad credit? Are you tired of being rejected by every lender and payment processor because of it? High risk industry businesses, even if the BBB gives them an A rating, will never attain a reasonable merchant account with bad credit. However, experienced online payment processors have quickly become the saving grace for good businesses with bad credit. Americans now run on plastic. Unlike 30 years ago, almost any business or person can apply for and obtain large sums of credit. But mismanagement of funds, unforeseen circumstances, and emergencies have driven many businesses into bankruptcy and […]

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Even Companies with a Bad Credit Merchant Account Can Cash in on Holiday Sales

Any merchant who sells products knows that at least 30% of his total sales come in during November and December. January through March can be extremely dismal with February being one of the worst months. Savvy merchants know they need to be in the right place at the right time to reap the rewards the Holiday selling period has to offer. Even if a new online retailer needs a bad credit merchant account, he can take advantage of the timing, According to a press release issued by the National Retail Federation, “If it wasn’t official last year, it will be […]

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Bad Credit And Business Is Possible

If you are considering opening a business and you have a bad credit history, it is possible to get a merchant account allowing your customers to pay via their credit or debit card as well as cash, giving your customers great payment options and your business the potential for greater revenue. It depends on the business that you are setting up as to whether your credit report plays any part in the process by the merchant account provider. A limited company doesn’t reflect on the personal accounts of the business owner, where as a company which is not registered, will. […]

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6 Vital Steps to Beat Financial Infidelity

  A number of surveys on the matter of ‘financial infidelity’ have been conducted, and have retrieved shocking results and statistics. Amazingly, 31% of couples in the United States admitted to committing financial infidelity. What’s more, almost 50% of married adults confessed that they have kept money secrets from their other halves. There’s probably one question on your mind – what exactly is financial infidelity? The term defines the secretive act of possessing credit cards, spending or borrowing money, stashing money without telling your spouse or racking up significant debt whilst your husband or wife remains blissfully unaware that you […]

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How To Get A Bad Credit Merchant Account With Instant Approval

Many merchants find it almost impossible to get a merchant account when they have bad credit. Merchant accounts are often held to the same standards as a line of credit that a business wants, meaning that the credit score of the owner is always taken into consideration. However, with merchant accounts a bank is going to take into consideration the sales of the business, how long the business has been in operation, as well as the credit score. When all of these factors are combined, it may mean that a business is high risk, and they are not going to […]

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How to get on with your life after struggling with bad credit

When the day comes that you are ready to battle your way back to healthy credit, then you start with your credit report. Generally this will happen after a bad divorce, a health issue or an accident. So, when things start to look up, take the time to get your credit report and attack your issues. Begin by calling the phone numbers listed on the report. Yes, they have those on the credit report. They don’t generally look like a phone number, but they are and you can contact them to make payment arrangements. Along the way Now that you […]

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