Newspaper Page Text
14A
MARCH 20, 1997 AUGUSTA FOCUS
Use your business to improve your credit
By Pierre A. Clark
SPECIAL TO AUGUSTA FOCUS
We all know that having good
credit is critical in today’s society.
For an entrepreneur, having a
good credit rating can make the
difference between your ability to
successfully establish a business
or watching your concept wither
and die.
How exactly is your credit wor
thiness determined? Three major
factors are considered: (1) the as
sets you own; (2) the income those
assets or your own work product
generate (3) and the historical
record of how you repay the credit
extended to you.
The factors that can destroy
your credit rating include: A sud
den disconnection from your job
(dismissal or layoff) which can
cripple or destroy your ability to
pay your bills in a timely manner;
(2) alack of ownership of valuable
assets, whichin theeyesofalender
impairs your capacity to borrow
money using those assets as col
SOUND REINFORCEMENT AT AFFORDABLE PRICES
Bands
Choirs
Concerts
Weddings
Receptions
Michael A. Johnson, Sound Engineer
Phone: (706) 771-9024 « Pager: (706) 731-5737
Can provide lights, speakers, tapes, CDs,
DAT machines, Etc.for large bands.
Enough sound equipment for the Bell Auditorium
and the Civic Center
43 Years!
"..and still going strong!" — Bob Williams
TIRE TOWN — THE HOME OF THE 5 STAR SERVICE
Great Tires at Great Prices!
Come Get Yours!
WHITE
WALLS
Tire mileage ratings from 40,000 to 80,000 miles
44,000 Miles BC
P155/80R13 23.99
P165/80R13 26.89
P175/80R13 28.39
PlB5/80R13 28.99
PlB5/75R14 29.99
P195/75R14 30.99
P205/75R14 3299
P205/75R15 33.99
P215/75R14 36.89
P215/75R15 35.99
P225/75R15 37.99
P235/75R15 38.99
72,000 Miles AB
P155/80R13 2595
P165/80R13 31.99
P175/80R13 33.69
PlB5/80R13 3499
PlB5/75R14 35.99
P195/75R14 37.99
P205/75R14 39.99
P205/75R15 40.99
P215/75R14 4199
P215/75R15 4299
P225/75R15 44.99
P235/75R15 47.49
SR
185/70R14 38.26
195/70R14 40.67
205/70R14 42.21
205/70R15 43.75
215/65R15 . 51.95
215/70R14 43.89
215/70R15 45.85
225/70R15 48.95
WIDEWALLS 48,000
72,000* MILES
205/75R 14 49.95
205775R15 513
215/75R15 5295
225/70R15 51.50
225/TSRIS 50.97
235/75R15 5547
re fUOlng valabie
USEDTIRES fror® D vy
SAVE 40% ON TIRES EVERYDAY!
A GREAT PLACE TO RE-TIRE
5 STAR GUARANTEE
R B A
AR TR IR PR TP e P
5 TIMES BETTER
= Air Tight Flat Repairs
*Tire Trueing
1854 GORDON HWY. (1 MI. WEST OF REGENCY MALL)
Wo st Mot YA e B 138-3374
Get FOCUSED! Subscribe to Augusta’s
finest weekly newspaper for only
$24.95 per year! Call
Augusta Focus at 724-7855.
lateral; (3) the absence of a his
tory of paying off big-ticket credit
items (a car or a home) which
cripples your ability to qualify for
higher amounts of credit.
Because it’s essential that we
learn how to play the credit game,
I’m going to reveal here one of the
best ways to improve your credit
rating: Start a successful small
business. Indeed, for African
Americans, Asians, and Hispan
ics, starting a successful small
business is the one way to create
and own a vehicle that is a valu
able asset and generates high, con
sistent income. As we’ll show, you
can then use this successful small
business to dramatically improve
your credit rating.
Through your business, you can
generate higher levels of income
for two reasons: (1) the salary you
can set for yourselfasowner of the
business; and (2) the ability to
deduct business expenses from
your gross income that will allow
you to keep as net profit. much
more of the money you earn.
SOUND u
PRODUCTION
WHITE
' LETTERS
80,000 Miles AB
175/70/Rl3 39.95
185/70/Rl3 41.10
195/70/Rl3 42.98
195/70/Rl4 45.23
205/60/Rl3 46.43
205/70/Rl4 47.48
215/60/Rl4 50.99
215/65/Rls 54.38
215/70/Rl4 49.99
215/70/Rls 51.19
225/60/Rl4 53.65
225/70/Rl4 52.24
225/70/Rls 53.91
235/60/Rl4 56.53
235/60/Rls 57.83
235/70/Rls 55.22
245/60/Rl4 58.99
245/60/Rls 60.92
255/60/Rls 62.75
255/70/Rls 60.73
275/60/Rls 68.71
[T Truck Tires —l‘
30/950R15.........75.95
| 311050R15.. 7995 |
| 32/1150R15.....8343 |
39/1250R15..... 92.95 |
| 35/1250R15.:...120.69 |
INSIDE AR TIGHT
g
\
%
ALL IN 30 MIN. OR LESS
Disk Jockey
Available
2 *‘*"“‘% :
B Y
Fiommal o
P
SRR @
IR A
/ b S
-1 9. e ¢
WALLS
155R12 26.51
36 - 56,000 Miles
145/Rl3 2550
155/Rl3 2699
165/Rl3 2851
165/Rls 3395
175/70R13 31.95
185/70R13 3295
185/70R14 3479
195/70R14 3658
205/70R14 3842
UP TO 80,000 Miles AB
175/50R13 69.95
175/65R14 643
185/60R13 4243
185/60R14 4487
185/65R14 489
185/65R15 5095
195/50R15 59.99
195/60R14 4617
195/60R15 479
195/65R14 4795
195/65R15 4835
205/50R15 61.33
205/55R15 7595
205/55R 16 795
205/60R 14 5239
205/60R15 4936
205/65R15 4486
215/50R13 65.99
215/60R15 5199
215/60R16 59.60
225/50R15 65.76
225/50R16 9999
225/55R16 9399
225/60R15 5344
225/60R16 6225
235/55R 16 99.44
245/50R15 83.95
265/50R16 119.95
265/50R15 7395
295/50R15 8§3.95
I;B:E—E—B&(LI:AHON
fey o 939
As the business becomes estab
lished (especially if you have in
corporated the business) it be
comes a valuable asset (just like a
home), which you can list on a
balance sheet or in a credit
appliction. Here’s how to se this
rapidly appreciating asset to cre
ate or imporve your credit:
(1) Establish your business as a
corporation, with you as presi
dent and majority or 100 percent
stockholder. Then do the follow
ing: (a) Open a business bank ac
count, (b) register your firm with
Dun & Bradstreet, (c) bid for and
sign a contract to sell your prod
uct or service (see our column on
how to generate your first SIO,OOO
in business income).
(2) Update your own credit file
with information about your status
as an owner-employee of your new
firm by ordering copiesof your credit
report from TRW, Equifax, and
Trans Union, the three major na
tional credit-reporting firms.
(3) If you have unpaid or delin
quent bills or write-offs on your
FOOD LION
Sweet Seedless /T e W Boneless Beef (o
i NCenrt fi
California B @ zo?mre‘- © Ful(ll (S:ut ik
SN R un R
Navel Vi SR ) . .
Oranges \::Y el
RN Y
. a N Qt*-—; B, T\ 82 _;_:-:.";'
sl el Reg. $2.79 Lb.
Florida ',l \. / $ Boneless B.eef ;
RS ST ST
Red S) e Top Sirloin $299
Grapefmit‘ Reg. $2.29 each Steak o $4,451;11),i;.
5.5 - 7.3 Oz. @
Select Varieties m- V@ Country Style 4 'Ldl;fé‘or
g
Kraft ==jiay | Pork Ribs or ¢1 49
f Sqwon Cnany
Macaroni 2/ gg &A Pork Steaks .. Lb.
& Cheeese ™ Ay Reg. $2.19 Lb.
am Jumbo Pack
1122 OZ Frosted B Half Gallon Tes®™ Chicken ¢
g. & Froste “‘%
General e Breree & & Thighs ... Lb.
Cheerios g 20 fi:r:ycer?am ” Reg. $1.29 Lb.
=g/ 3 LY A DT BRAIEy2
Poronens ATy oo ik iEARY AN SA
e R T (P =z UADADNY)
eo . BIG) T “:;’,‘;Ei ;
.6 Lb. T Pepsi Products ChecZo- ;
ngg?l{élf & A 2 litrg bottles 89¢ | Oven Roasted,
Purine R|| omiDete, | Sromet of
Puppy ",u v Diet Pepsi Free, D'ietefiounta'in
Chow 1= Dew, 7-Up, Diet 7-Up ) Butterball $ 99
Reg. $ 99 12 pk. Pepsi $3” Turkey
SB. (Pepsi, Diet Mountain Dew, Diet Br east Lb.
I Sign Up For Your MVP Customer Card And Save Even More!
TN\ f your TOTAL GROCERY PURCHASE IS
N R less than S2O,
4 'y your discount on participating
QX MVP PRODUCTS will be 5%.
IF'SZJC: 31
: 20%
More
Most Stores
OPEN 24 HOURS
Business
credit file, write a letter to each
creditor to negotiate either a pay
ment plan or actual settlement
and discharge of the debt.
(4) With the salary and income
from your new business, pay off
those debts.
(5) At the same time, apply for
new credit (Visa cards, installment
credit) listing your business sal
ary asyour primary income source.
(6) Each time your business se
cures a new contract, pay yourself
part of the proceeds as a commis
sion or bonus and buy a certificate
of depost for yourself. Also use
part of the proceeds to buy a cer
tificate of deposti in the name of
the business. Those certificates
become assets that you can use as
collateral for either personal or
business credit.
If you follow these six steps,
within a year’s time you will have
dramatically imporved your credit
profile. And you’ll be th owner of
a growing firm whose assets and
income will drive your quest for
financial independence.
‘ Xtr W Pnce 12 Foon wowk,
a TN amaomet, Ay
‘ee § TG
—————————:b - -
© 120 -40 Cl. sy o @
i Gallon & phefy N
f‘\~ Quart 00l g o
| |Heßty = afl
| Storage
* | or Freczer Bags
Purchase
Extra Low Price
Before MVP Dtsv:ountsz99
If your TOTAL GROCERY PURCHASE IS
.'“\\\}. S2O 1o §SO,
—,\)-‘ your discount ox participating
Qo MVP PRODUCTS will be 10%.
g emansetast se v e o 5 ev e R 1y
o |l2 Oz
. Assorted &
e : 8.
} |Herbal 3
Essence g
Shampoo (=¥
39
With SSO :
Ppurchase
Extra Low Price 3299
Before MVP Discount
e e . AN B AT
~ Wed., March 19 thru — Ol es Accept §
Tues., March 25, 1997. |[Eaarie
We reserve the right to gs 4 w ATM !
limit quantities. (LA [N (S ) [N {Ly |
@ WE CAN ACCOMODATE YOUR NEEDS
AT A REASONABLE PRICE
=== AUGUSTA-RICHMOND COUNTY
N9Z] * CIVIC CENTER COMPLEX
\ multi-use tacility that will accomodate weddings,
banquets, receptions, busingss mectings,
conventions, tradeshows, entertainment spectaculars
and sporting events,
CALL FOR MORE-INFORMATION
Augusta-Richmond County Civic Center
601 Seventh Street - Augusta, Ga 30901
(706) 722-3521 Ext. 514
’ é Nite 3 H
# ] e 3 Hwce
30
EEENGTY : i . i
555752?3% Florist « Weddings ¢ Catering » Cakes
Ll A /AN
For your Easter baskets, floral arrangements
and corsages
3105 Louisville Rd. » Augusta, Georgia 30906
(706) 798-2280 * Juanita Wood, Owner
All Varieties
18 - 19.3 Oz
Betty
Crocker
Cake
Mixes
‘ :5:: , ; ¢
With SSO
Purchase
Reg. $1.09
Extra Low Price
Bck':! MVP Ducounl79¢
IR ¥ your TOTAL GROCERY PURCASE IS
Q&Q
A 2 o
) o= oot o S ats
e o
y r\
5 - 6 Oz.
Regular, |
Nacho Cheese
& Baked }
Original |
Bugles
I BWe g o
=79
3&%%m 99¢ ;
1 ¢ ‘
LAY
oY
.ée,”. ke