The Importance of a Business Loan to Credit 80

Basic Characteristics of Credit Card Consolidation

This article was written by Nidhi Mahajan.

Credit is one of the most important things to the average person’s financial profile. You’ll find that the better your credit is, the better the terms of almost any deal you can make with people and businesses.

The most widely-used assessment of your credit-worthiness is your FICO score, and there are several ways you can improve it.

Revolving Credit and Installment Credit.

One way involves the securement and maintenance of two types of credit: revolving credit and installment credit.

Revolving credit is simply the credit card variety, while installment credit refers to business loans. In fact, has a wide selection of some of the most popular lenders of the latter type. Securing one and paying it off on time represents a huge boost to your credit health – as long as the one you select reports to the credit bureaus.

This is why it’s imperative you only get business loans from reputable sources.

You Can Use Credit Unions and Banks.

As you compare terms from online and offline vendors, be sure to consider local banks and credit unions in your search for a viable installment loan. Credit unions, in particular, are well-known for their practice of allowing secured loans, with your certificate of deposit or savings account used as the collateral.

For comparison, an unsecured loan is one of the credit card variety, where the interest you pay is the indicator of the “trust” the lending institution has in you based on your past credit-related interactions with merchants and lenders.

Other types of secured loans for which you may be eligible, if you don’t specifically want a business loan at the moment, are mortgage and auto loans. Usually, people who are in the market for a business loan, but lack the minimum credit score to obtain a viable one, will go after a government mortgage loan because of the lower requirements.

What Kind of Business Loans Can You Get?

There are as many different kinds of business loans as the consumer desires. The market adjusts to meet a need, because this is profitable.

The salient aspect of a business loan is that, as an installment loan, it has paid over a variable period of time with a spate of scheduled payments. The shorter the loan term, the less interest you pay overall since there’s less risk involved (by the lender’s reckoning). However, you’ll pay more interest monthly (or on whatever payment interval it comes with).

Some of the more popular business loans are offered by lenders such as the Lending Club, which is quite amenable to people with subpar credit histories. The reason the Lending Club is able to secure business loans for so many people is that it is a sort of clearinghouse. It taps into many loan markets and helps you find the one tailored to your needs. The origination fee is a small percentage of the loan amount.

Other business loan providers are On Deck, Credibility Capital, Currency, Street Shares and Kabbage, just to name a handful. They’re all reputable, and report any installment loans that you secure to all three major credit reporting agencies, so that your credit history can positively reflect the loan.

Just keep in mind that for some lending institutions, there are certain business metrics that go into whether or not your application will be successful. These include how much revenue your business has, the loan amount (of course), and other factors.

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5 Online Degrees That Pay Well and Lead to Great Employment Opportunities 4

5 Online Degrees That Pay Well and Lead to Great Employment Opportunities

Online programs range from diploma mills employers knowingly screen against to brand name universities issuing degrees equally valued by employers and employees. But many online degrees teach you skills employers will readily pay a premium for and will give you great employment opportunities.

Here are the 5 best online degrees for employment.


We still pay people quite a bit of money to keep track of our money, whether as individuals or organizations as a whole. Those with a degree in accounting earn more than the average person with a business degree.

If you upgrade to a master’s degree in accounting, you’re well on your way to a lucrative position as a CPA.

If you specialize in tax accounting, you would work as a tax preparer full time or seasonally, while those working in bookkeeping are well paid whether working full time or part-time.

If you earn a degree in accounting after working as a life coach or personal development, you could become a personal finance advisor. Or simply work in accounting, a field expected to grow 13% over the next ten years despite the increasing use of personal accounting software.

If you are looking for a reputable online accounting degree, there are a number of Kaplan Online Programs you can choose from which are all highly recommended.


5 Ways to Boost Your Business Revenue

Businesses pay people to find out how to better understand their customers and speak to them. This is why marketing assistants earn thirty to sixty thousand dollars a year, while experienced marketers earn much more.

If you have copywriting skills like determining which keywords should be integrated into a webpage to put it front and center before a target demographic when they’re ready to buy, you’ll make even more.

If you have a track record of success or management skills, you could easily earn a hundred thousand dollars a year running a marketing department. Not only that, but online marketing degrees are highly respected since marketing and other financial degrees transfer very well online.

Human Resources

Human Resources has become far more complex over the past few years as rules and regulations that companies have to abide by exploded in number.

Hiring, firing, promotions, and training have to be done per complex procedures if you want to minimize the risk of a lawsuit. And whether it is required by state law or guidelines set by federal contracts, you have to fill out a number of reports each month, quarter and year on your workforce.

This means that working in HR is no longer something you do when you want a break from ordering office supplies. It requires training in the law, industry-specific software and procedures. If you earn an online degree in Human Resources, you’ll be eagerly sought after by many companies’ personnel departments.

Video Game Design

While Hollywood’s blockbuster seasons get reported on the news, the reality is that people spend several times that much on video games per year. This money is increasingly spent on digital releases over physically purchased game disks, and spending is shifting toward subscription services and apps.

The sheer amount of money means that even free games that make money through advertising or in-game purchases have to look good, while expensive games have to offer rich visuals to keep the audience engaged.

This has led to the appearance of video game design and video game arts as its own degree program, separate from the general graphic arts. If you have this expertise, you’ll find decent paying jobs with a number of companies as well as gaming app startups. And this degree means you don’t have to spend a lot of time learning to code, either.

Not only that, but with an online degree in video game design, you could get the foundation to create your own video game development company, all from the comfort of your home.

Database Administration

IT is a hot degree today, but learning how to code can seem daunting, and staying up to date with the constantly evolving programming languages is a challenge.

Conversely, database software has been relatively stable, and companies are seeing their stored data grow by 10% a year or more. The solution is larger and more complex databases and more database administrators.

If you earn a degree in database administration, you could work in a number of industries. Whether you’re controlling access to product data, managing customer data or mining data from the IoT, you have a good career in IT ahead of you.

And with the advent of Big Data and advanced data analytics, database administration degrees should continue to be in high demand for years to come.

All these careers have great prospects and adapt themselves very well to online education. This will not only mean that employers will be more inclined to consider you but will give you the same full spectrum of skills any traditional degree would.

Online programs range from diploma mills employers knowingly screen against to brand name universities issuing degrees equally valued by employers and employees. But many online degrees teach you skills employers will readily pay a premium for and will give you great employment opportunities.  Here are the 5 best online degrees for employment.