sales@firstamericanmerchant.com
Give us a call for more info 1-800-210-5649

Credit Repair Blog Posts

By First American Merchant

Feel free to give us a call for more info 1-800-210-5649

Hard Vs Soft Credit Inquiries. Do They Impact Your Credit?

Those who have applied for a small business loan, taken out a mortgage, or signed up for a business credit card, know what credit check or credit inquiry is. A credit inquiry helps lenders and financial entities determine whether you can be eligible for loans or whether they can approve you for home rental, credit card, and so on. Credit Inquiries and Credit Scores Credit inquiries stay on credit reports for a maximum of 24 months (2 years). They’ll only affect your FICO credit score for a maximum of 12 months. To get a better idea of how credit inquiries […]

Read More…

How to Get a Credit Repair Merchant Account

A credit repair merchant account is high risk. This means you’ll have difficulty opening one with a traditional bank or financial institution. Fortunately, there are alternative ways to get a credit repair merchant account for your business. All you need is take the time to do some research and find a reliable and secure merchant services provider like First American Merchant to turn to. To get a merchant account for your credit repair business, you should apply to a trustworthy merchant account provider. The merchant account provider will complete the application and send it to the underwriting department for review. […]

Read More…

What to Do When Co-Signing for a Relative Goes Terribly Wrong

Unfortunately, this happens all too often. A family member will ask to use another family member’s personal credit in order to open a business credit card. They explain that this will help build his or her creditworthiness and get their business off the ground. Before the unsuspecting individual realizes it, that family member racks up a lot of debt and refuses (or is unable) to pay the bill. Does this sound familiar? While your family member may have a moral responsibility to pay, your creditors view the situation a little differently. In their eyes, if you signed a contract saying […]

Read More…

Merchant Account for Your Credit Repair Business

We are First American Merchant, the place where honesty comes first and you go home with a legitimate, legally formed merchant account for your credit repair business. The need for emphasis on ‘legitimate’ and ‘legally formed’ is imperative. This is because you should be wary of the many providers who prefer keeping their hands well-clear from both these words. We, at First American Merchant, take the simple route. A credit repair merchant account is high-risk, something that must not be news for you. This will attract different merchant banks, with hefty promises. They will offer cheap services that involve side-stepping […]

Read More…