**UCC Filing** stands for "Uniform Commercial Code Filing." It's a way for businesses to show that they have borrowed money or used some of their stuff as a promise to pay back that money. Think of it like a school project where you tell your teacher, “I borrowed these crayons, and I promise to return them.” ### Here’s How It Works: 1. **What It Is**: When a business takes a loan and uses something valuable (like equipment or inventory) as a promise to pay back, they file a UCC form. This tells everyone that the lender has a right to that stuff if the business doesn’t pay back. 2. **Where to Find It**: - **State Government Websites**: UCC filings are usually kept at the Secretary of State's office in the state where the business is located. You can visit their website to look up filings. - **Online Databases**: Some websites allow you to search for UCC filings by entering the business name. You can often find this information in state databases. - **County Clerk’s Office**: Sometimes, local county offices also keep records of UCC filings. - **NAV Business Report**: You can also find UCC filings in your NAV business report, which gives you insights about your business’s credit and financing. - **Experian Business Report**: UCC filings can also be found in your Experian business report, which helps you understand your business credit profile. 3. **Can You Delete It?**: - If a business has paid back the loan, they can ask the lender to file a "UCC Termination" form. This tells everyone that the loan is paid off and they no longer have a claim on the business's stuff. - If the business hasn’t paid back the loan, they can’t just delete it. The UCC filing stays until the loan is settled. ### In Simple Terms: - UCC filings are like telling everyone that you borrowed something and promised to give it back. - You can find this info on state websites, local offices, your NAV business report, and your Experian business report. - If you pay back what you borrowed, you can ask to remove the filing.

Bank Account Bonus Churning, also known as "Bank Churning," is a side hustle where individuals can make easy money by taking advantage of bank bonuses. Banks and credit unions offer cash incentives to encourage new customers to open accounts with them. To earn the bonus, individuals need to sign up through a bank bonus offer and complete qualifying activities. Banks offer these bonuses as part of their marketing strategy to attract new customers. They hope that customers will not only claim the bonus but also become loyal customers and use their other products. This strategy works because most people tend to stick with 1 or 2 banks for many years, allowing banks to profit from their deposits. Bank bonuses have become more lucrative due to increased competition. Fintech companies have more money to spend on customers, and big banks have to compete with them. This presents an opportunity for individuals to make a good amount of free money by taking advantage of these bonuses year-round. To earn bank bonuses, individuals need to fulfill certain requirements such as setting up direct deposits, maintaining a daily balance, or completing specific actions like making a certain number of debit card transactions. Direct deposits can be fulfilled through various methods, including transfers from brokerage accounts, gig apps, or using services like Stripe Payroll. It's important to study data points and verify which methods qualify as direct deposits at specific banks. Finding bank bonuses can be done through public offers, referral-only offers, or targeted offers. Websites like EveryBankBonus.com, DoctorOfCredit, bankcheckingsavings.com, and others specialize in listing and providing information on bank bonuses. Bank bonuses are especially beneficial for individuals who are already planning to open multiple bank accounts. It allows them to profit from each bonus and also help others in the community hit their bonuses. It's recommended to make a plan, consider funding limits, and study the fine print of each bonus offer.

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- If you have been denied multiple times on reconsideration calls immediately after applying and a few days later, it is advisable to wait until you receive the denial letter by mail. Then, try again with a well-prepared case explaining your response to the denial reasons. - It is essential to work on improving those denial reasons as well. Information on Reconsideration Lines: - Reconsideration agents are primarily concerned with your credit file, derogatory marks, and recent inquiries. They do not take into account your past card applications unless specifically requested. - Systematic declines are real and different from declines based on factors that can be overturned. Some applications are automatically rejected if they do not comply with the bank's rules. - Only bankers, often with the presentation of documents, can override these bank rules. A reconsideration agent may not be able to help you overturn a systematic decline. Thus, it is best to consider using a banker and opting for a more personalized application process. - These application systems are often poorly designed, which is why it is crucial to input all information correctly and precisely. During the Reconsideration Call: - Take the lead during the call and avoid being bounced around by the agent. Address the denial reasons and articulate your arguments politely. - "The Credit Card Accountability Responsibility and Disclosures Act (CARD Act) of 2009 requires issuers to explain in writing the reason your application was rejected. It is crucial to have this information before calling the reconsideration line so that you can explain politely to the agent why the bank's concerns are not relevant and how you would make an excellent customer." - Remember, the purpose of this call is to counter the reasons for denial. Stay focused on addressing those concerns since the only way to turn a denial into an approval is by alleviating the bank's concerns that led to the denial. Ensure you have a sound argument and avoid simply expressing your desire for the card.