The K-Factor podcast is produced by CHYE – Crown Heights Young Entrepreneurs in partnership with community news website COLlive.com.
The K-Factor offers business wisdom that can help future business leaders to make the “Keli” (the Hebrew word for vessel) so they can grow their business aspirations.
Episode #35: Chen Barak “Understanding Credit”
Chen Barak, founder of N.A.G Funding Solutions, was born and raised in the Galilee, Israel. His entrepreneurial skills are rooted as far back to the day he learned how to speak.
Starting off in the restaurant industry, Chen moved to manage a grocery store before finding his passion for business funding and credit repair services. The only way I sell is through proper communication, he says.
“I only sell what I believe in, and I have seen how what I do helps people fulfill their dreams of startup businesses, owning a home and so much more Its truly an honor to help people fulfill their dreams on a daily basis, that’s why I love what I do!” he says.
In this interview:
• Understanding the food industry
• Customer Service First
• Understanding Business Funding
• The importance of a business plan
• Credit Basics
• Fico Score vs Total Credit
• Be Careful with a Hard Inquiry
• How to build your credit
• The 25% Rule
• Monitoring and fixing your credit
• Difference between personal and business credit cards
• Debt Consolidation
To recommend someone for an interview and to reach Rabbi Werde, email Rabbiw@chye.info
AUDIO:
Chen Barak helped clean my credit score and helped me get the loans I needed to get my business and life financiallu6 up and running!