Bad Credit
How To Get a Merchant Account For a Credit Repair or Credit Counselor Business
Even thoroughly reputable companies that are properly licensed and bonded, and which adhere to Federal consumer law, can find it difficult to obtain a merchant account for a credit repair or credit counselor business. They are not alone. When it comes to Risk and Hard to Place mMerchants overall, 60 industries are considered high…
Read MoreFind the Capital You Need with High Risk Merchant Lenders
Every business requires a funding injection from time to time. Perhaps to finance business expansion, see it through a tricky sales period or to acquire inventory or equipment. Traditional providers, such as banks, may have rejected you application. The question then is where do you turn to obtain that critical capital? Whatever the reason for…
Read MoreHow To Get a Bad Credit Merchant Account For Your Business
You know a merchant account is critical to building your business but poor credit history is holding you back. It may be your business’s record or your own personal situation as the owner. Many businesses have poor credit and low FICO scores. You are certainly not alone. Many of the larger merchant account providers are…
Read MoreGetting a Bad Credit Merchant Account
Consumer credit reporting agency, Experian, estimates that 30% of Americans have poor or bad credit, according to Experian’s 2015 Vantage Score 3.0 data. Those with bad and poor credit have scores between 300 and 600, and, also, giving them the least access to good lending opportunities. On the other end of the spectrum, only 22%…
Read MoreBad Credit Merchant Account for Your Low Credit Business
Do you have past bankruptcies, tax liens, and bad credit? Do you think your business is on the hook? Where to find a payment processing company that’s willing to work with you and can get you a bad credit merchant account easily? Just read this article and you’ll discover. Looking for a High Risk Merchant…
Read MoreGetting a Credit Repair Merchant Account
The credit repair industry is a $4 billion industry with more than 90,000 credit repair businesses, according to a January 2017 report by market research company, IBISWorld. In 2016, many of these were small partnerships or non-employers. In fact, the report showed that the three-largest firms in this industry were expected to each make less…
Read MoreHow to Get a TMF High Risk Merchant Account
The terminated merchant file (TMF) or MATCH list is used by credit card companies to screen potential merchants. Those deemed high-risk are placed on the list and so prevented from processing credit card payments or doing future business under any other name. Regardless of the cause – whether it’s a failed business model, fraud, merchant…
Read MoreMerchant Accounts for High Risk Businesses, Bad Credit or Denied Businesses
Having your merchant account application denied is a frustrating experience. With so many customers choosing to pay with a debit or credit card, not having a merchant account can put a huge dent in profits. Below, we outline a number of surprising reasons why your merchant account may be denied. Bad Credit When applying for…
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