Capital One® Launches Business CreditWise℠ to Help Business Owners Access, Understand and Manage Business Credit

Capital One (NYSE: COF) is helping demystify business credit for today’s business owners with the launch of Business CreditWise, an easy-to-use tool providing unlimited, free access to a company’s credit profile. Business CreditWise is available to any U.S. business (not just Capital One customers) and can be accessed at any time without impacting business credit. … Read more

LuLaRoe Going Down and Taking Good Hard Working American Moms With It

Bad news continues to build for LuLaRoe, the multilevel marketing clothing company, and it’s leaders, DeAnne and Mark Stidham. The LuLaRoe business opportunity caught fire in the past few years. Loads of housewives and women wanting to get in on the ground floor of the leggings and clothing company jumped in with both feet. In … Read more

Business Debt Settlement Companies Settle Suits By Lenders

A pair of business funding groups has been hammering business debt settlement companies in court. Yellowstone Capital, EBF Partners, and Everest Business Funding have been filing suits claiming the debt settlement companies have no right to get in their way. According to deBanked, “A group of debt settlement companies and ISOs have entered into a … Read more

My Online Business Education (MOBE) Pursued as a Fraud

The Federal Trade Commission has charged three individuals and nine businesses with bilking more than $125 million from thousands of consumers with a fraudulent business education program called MOBE (“My Online Business Education”). A federal court halted the scheme and froze the defendants’ assets at the FTC’s request. According to the FTC, the defendants behind … Read more

Forward Financing Makes Life Spicy in Business Debt Restructuring

Legal NewsLine posted a story that caught my eye. The article said, “A fast-growing small business financing company in Boston has filed a federal lawsuit against two debt elimination companies, alleging they are scamming merchants and commercial businesses and, in turn, have damaged the plaintiff company.” It’s an interesting turn of events in the business … Read more

What to Do When You Can’t Afford to Pay Your Business Debt

This is a great topic that I rarely talk about so I asked someone who is an expert in dealing with business debt to provide this awesome point of view and advice on how to deal with problematic debt issues. Dealing with business debt issues for the business owner can be a tough emotional struggle … Read more

Is Your Business Credit Score Better than Trump and Clinton’s?

By Gerri Detweiler and Lydia Roth, Nav Here’s a wild fact about business credit that you may not know: Suppliers, vendors, and even business partners can look up your business’s credit score, anytime they want, without notifying you and without your permission. So, we did it with Donald Trump’s holding company, The Trump Organization, Inc., … Read more

Business Credit Scam – Banc of Omaha and More

The Office of the Comptroller of the Currency is warning business owners to beware of offers of credit from Banc of Omaha. “The Office of the Comptroller of the Currency (OCC) has been informed that an entity calling itself Banc of Omaha purports to be a lender specializing in business capital. Banc of Omaha is … Read more

Download Free Book on Business Credit

Shortage of capital is the biggest challenge entrepreneurs say they face, and one of the most common reasons they fail. That’s the reason Rich Dad Advisor Garrett Sutton and Nav’s Head of Market Education Gerri Detweiler teamed up to write Finance Your Own Business: Get on the Financing Fast Track, a guide that will help … Read more

What Do You Think About Wealth Network Solutions Debt Relief Business Opportunity?

A reader sent me an email and wanted to know what I thought about the recent press release and debt relief business opportunity that a company named Wealth Network Solutions had sent out. The press release seems typical. The company, Wealth Network Solutions, says they have a new web site and help people to deal … Read more

Beware of These Business Credit Traps

An entrepreneur had spent $80,000 buying a corporation that he was assured came with access to $250,000 in credit lines. He got the corporation, all right, but the promised credit lines never materialized, and he had to start from scratch. Oops. That story was shared with my friend Gerri Detweiler by small business attorney Garrett … Read more

Work-At-Home Scammer Tried to Hide Assets Says FTC

At the Federal Trade Commission’s request, a federal court has imposed a $26.9 million judgment against the operator of a phony work-at home scheme who lied about his financial assets in an effort to hide them from the FTC when he agreed to settle with the agency in 2010. Jonathan Eborn was one of the … Read more

FTC Says It Stopped Office Supply Scammers

At the Federal Trade Commission’s request, a federal court has temporarily halted and frozen the assets of an operation that bilked nonprofits, businesses, and municipalities out of millions of dollars by deceptively sending them overpriced light bulbs and cleaning supplies that they never ordered. The FTC seeks to permanently stop the illegal practices and make … Read more