AmeriMerchant Celebrates Its Ten Year Anniversary
)--AmeriMerchant ( http://www.amerimerchant.com ), one of the oldest and largest providers of merchant cash advances in the marketplace, is celebrating its ten year anniversary. Since being founded in 2002 by President and Chief Executive Officer David Goldin, the company has grown to over one hundred employees and has provided hundreds of millions of dollars in working capital to all types of businesses in various industries. AmeriMerchant continues to provide much needed working capital to small businesses nationwide through its alternative working capital products including its merchant cash advance program.While many similar companies have closed their doors in the recessionary climate of the last few years, AmeriMerchant has reached this exciting milestone with new and revolutionary programs aimed at helping merchants receive the money they need to continue to grow their businesses.
During these challenging economic times, AmeriMerchant’s proprietary underwriting and technology platform has allowed it to deploy unsecured working capital to businesses in an economic climate where business lending is at an all-time low. This same platform has demonstrated time and time again that AmeriMerchant is helping merchants today by offering a default rate lower than many secured business credit products as well as AmeriMerchant’s extremely high customer renewal rate for additional capital.
“We are very excited to announce our ten year anniversary at AmeriMerchant. In today’s economy, our alternative working capital is needed more than ever by businesses as it is still very challenging for them to secure the money they need through traditional sources. And I want to thank all our merchants, employees and business partners, for without them, we wouldn’t be the company we are today,” says David Goldin, President and CEO of AmeriMerchant.
Secured Credit Card Cash Advance - News
Cash Store Financial also provides a private-label debit card (the Freedom card) and a prepaid credit card (the Freedom MasterCard) as well as other financial services, including bank accounts. Cash Store Financial employs approximately 2300 associates
If your credit is blemished but you need a credit card now, you have two choices. Apply for a secured credit card, or become an authorized user on someone else's card. A secured credit card requires a deposit, usually from $300 to $500, as collateral
Founded in 2002, AmeriMerchant is one of the nation's oldest and largest providers of working capital to merchants against their future credit/debit card sales, commonly known as a merchant cash advance. Through its sister company CanaFunding,
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Cash Secured Credit Cards – Need to Know ... - Credit Card Offer
One of the very popular types of credit cards are secured credit cards. This type of card require an account with your bank or issuing company to keep a positive cash balance on that account. This amount is the security or collateral for the issuer of the card to know you won’t spend too much.
Your credit limit depends on your account limit. It can come in a wide range of amounts, but most commonly it will be set at no more than 50% above the balance amount. More commonly they won’t let you spend anything above your balance.
Actually this is not the same with the regular credit card but more mostly of debit cards since it doesn’t offer any credit really. In short, this type of card requires cash collateral deposit that becomes the credit line for your account. You can add more credit or if sometimes a bank will reward you for being a good customer who pays on time, you can add it to your credit line without requesting any additional deposits.
Since some of the card holders have a problem paying off their balance due to improper usage which ends up destroying their credit to the extent that they are unable get acquire an unsecured card. Even they have paid off their debts, still their credit ratings keep on haunting their conscience due to the higher interest rates they are paying.
With secured cards, it discipline your credit limits and improve your credit ratings as well. Using secured credit cards, aside from discipline in paying your dues on time, it also controls your spending habits. As you continue to have a good habit records, your credit rating will gradually improve.
There are people who don’t like to have a card or borrow money from the bank or financing institution so they prefer to have this type of card. With this type of card, it gives you an opportunity not only to get a credit card but as well improves your credit records or ratings.
One reason also why some people like to have secured cards rather than the regular ones, it’s because they don’t want to be bother with the bills for them at the end of each month.