Credit Cards - One of the Many Ways of Transacting Business

 

 

There are many ways of transacting business and one of them is through credit terms. In connection to this, some companies offer credit cards so that their clients can purchase goods and services even when they do not have cash in hand.

 

The FCRA or Fair Credit Reporting Act is the basis for all credit repairs as it gives the consumer the right to dispute unfair credit. However, the FCBA or the Fair Credit Billing Act and the FDCPA or the Fair Debt Collection Practices Act is also crucial to a good credit repair plan.

 

Entrepreneurs and small business owners are facing a new era when it comes to applying for business financing. Banks, lenders, vendors, leasing companies and others are making adjustments, adopting new rules, and facing new regulations in the lending arena.