Which one can potentially hurt your credit profile the MOST? 👀 Cast your vote below BEFORE checking the comments. 😂👇 💳 A) One hard inquiry 🚨 B) Maxing out your credit cards 👀 C) Checking your own credit score 📈 D) Asking for a credit limit increase Think you know it? Tell us WHY in the comments. 👇🔥 👀 I'll drop the correct answer on FRIDAY! No changing your answer later. 😂 📞 Haven't booked your FREE Onboarding Call yet? https://skool.letsgetfunded.com/fskool-group-onboarding-book 🚀 Ready for the next level? Check out Inner Circle: skool.com/100k

Question for those sitting on the sideline. Why aren’t you more active in the community you joined? What was your intent when joining? If you are not asking questions in the community, using the resources, attending presentations, or reading other members posts, ask yourself why? You joined for a reason. Start acting on that reason. Move toward success. Six months from now you will either have six months of excuses or six months of progress. The time is going to pass either way. It’s up to you. You are the CEO of your business and your life!

Need a spot of help here - I have a decently good score (740-760 - FICO 8). The concern seems to be my utilization at 35%. I applied for a couple business cards last year and was declined. How do I move through this?

Did you know there are multiple versions of FICO scoring models currently being used? Did you know you have many different credit scores? One for credit cards, one for mortgages, one for auto loans, etc. The most popular credit scoring model currently used most is FICO Model 8. Do you know what your FICO score 8 is with Experian, TransUnion, and Equifax credit bureaus? Why not? Your credit score is not static. It changes constantly. It changes as more information is updated to your file. The credit bureaus do not receive the same reporting data as not all lenders report to all three credit bureaus. Your credit score is a snapshot of your credit data at the moment in time it is viewed. Your credit score is one of the most important numbers in your personal financial life. When you apply for a personal loan or business loan of any kind, lenders will reference your credit score to get a feel for how big a credit risk you might be. A higher score = less of a risk. Lower risk results in better rates and higher credit line offers. Credit bureaus are not our friends. They report good, bad, and ugly information on us. They make money by selling your credit reports to banks, credit unions, credit card companies, vendors, and other lenders. You want to see what lenders will see BEFORE applying for credit. You must monitor your credit reports and credit scores. If you are not doing so today, make it a priority. https://www.smartcredit.com/?PID=73743

I see a lot of people interchanging the terms business credit and corporate credit as if they meant the same thing. They do not. Business credit and corporate credit are two different types of commercial credit lines. Business credit is a form of credit that uses your personal credit file but issues the credit lines to your business. These are considered recourse credit lines which require your personal guarantee. Lenders use your personal credit file to determine the size of your credit line, interest rates, and terms but issued in your business name and attached to your business tax ID number (EIN#). They do not show up on your personal credit reports and only report to the business credit bureaus. When you use these credit lines they do not hurt or affect your personal credit. They are business credit lines. Example would be a business credit card. Corporate credit is also issued in your business name and attached to your business tax ID number (EIN#). But your personal credit is not reviewed or considered when determining the size of your credit line, interest rates, and terms. They are determined solely by your business information and standing. They are considered non-recourse credit lines and require no personal guarantees. Example would be a Net 30 account with Office Depot. These also do not show up on your personal credit and only report to the business credit bureaus. When you use these credit lines they do not hurt or effect your personal credit. They do however affect your business credit. When using corporate credit lines, you are building credit histories and business credit scores with Dun & Bradstreet, Experian business bureau, and Equifax business bureau. Vendor credit lines, both Net 30 and revolving credit lines, are generating the business information establishing your business credit file and business credit scores from vendors that report positive payment history. Once your business has been around for a few years, and you have developed strong business credit scores, and you are showing growing revenue, you can start getting many non-personal guaranteed corporate credit lines. You can start obtaining business equipment, business vehicles, and even real estate using corporate credit.