Common Credit Myths
Unsecured business credit cards offer ultimate financial flexibility. Done right, they can be utilized as cash equivalents for major business needs, completely free from traditional restrictions.
- Down payment on real estate
- New business ventures
- New asset acquisitions
- Fix-and-flips and rehabs
- Inventory and payroll
- Marketing and advertising
Because banking guidelines and lending algorithms change frequently, Fund&Grow keeps your business up-to-date with strategic insights.
Let’s expose a few counter-productive common credit myths…
6 Big Lies Preventing You To Scale
Traditional banks benefit from keeping entrepreneurs reliant on high-interest loans.
Here is how it really works.
Myth #1: Inquiries significantly hurt your credit score.
False.
While inquiries can have a minor impact, they don’t have to be a problem when handled strategically. At Fund&Grow, we help guide your applications in a way that minimizes the impact — by timing submissions carefully and targeting lenders that pull from different bureaus.
Myth #2: Balance transfers have to be used to pay down credit cards.
False.
Done properly, the transfer can be used for any desired purpose. You can access liquid cash for inventory, marketing, and expansion without restriction.
Myth #3: It’s all done by computer.
False.
This may be true when you apply for a credit card in the $3,000–$10,000 range, but when you are asking for higher limits, you need to speak with a human being. Negotiation is key.
Myth #4: Applying for multiple credit cards will destroy your credit.
False.
Strategic applications, spaced correctly and tailored to your profile, can minimize the impact on your score. Fund&Grow uses a system designed to preserve credit health and maximize approvals.
Myth #5: After 6–18 months my interest rate will go through the roof.
False.
We can show you how you can get interest rates that are even better than home equity loans — with no collateral. By stacking multiple introductory offers, you can sustain 0% credit year after year.
Myth #6: You can’t use credit cards for big purchases or non-card friendly expenses.
False.
With the right strategy (and third-party tools), credit card limits can be leveraged for large purchases, vendor payments, or even real estate deals. Fund&Grow guides you through this process.
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If you complete our program and don’t obtain any business credit cards, you may qualify for a refund (a 4% processing fee applies). Every Fund&Grow membership includes this protection.
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