Here's The Reason Why Your Credit Score Matters

The Christmas holidays have just ended some days ago, everyone is starting to struggle into the busy work. After experiencing Black Friday, Cyber Monday and the Christmas holidays, we enjoyed the process of consumption, but most of our credit cards are almost maxed. It needs to be reminded that, in the near future, you need to repay your credit cards.

image from internet

If you unable to repay or miss the final repayment date, the record of you can’t repaid the money will be recorded in your personal credit. If these kinds of things happen frequently，it will affect you a lot of things in the future, such as loans, credit cards, insurance and so on. If you have a credit card, then your credit limit may not be able to continue to improve. In future, you will need a mortgage, a car loan, once they need to verify your credit report, but your credit score is not good, then you may not be able to reach the application you want, or can’t borrow the limit you need.

Credit is so important to the individual, so for the company?

    

The answer is obvious, enterprises' credit for their own growth is more important. Corporate credit refers to the willingness and ability of an enterprise to fulfill its own commitments. For an enterprise, we do not know whether they will implement in the future. But whether it has capacity to implement, we can know from the credit status; whether it has the implementation willingness, we can search the history of corporate implementation records. Therefore, the basic carrier of credit is the history records of corporate commitment to fulfill. To be specific, corporate credit involves the credit behavior between enterprises and enterprises, enterprises and banks, enterprises and governments, enterprises and consumers, and internal workers. No matter how time and market environment changes, corporate credit is eternal as the mainstay of the status, and only enterprises with good credit, can become more and more competitive in the market.

image from internet

Credit status and the history trade of buyers and suppliers are not easy to get. Government agencies generally do not issue other credit reports to individuals or enterprises.

So the problem is, for general global buyers, how they can get the professional credit report of the suppliers? For general suppliers, how they can get the professional credit report of the buyers?

Please wait for the next blog. 

Focus on:

We, eGTCP, welcome you to applying for GTCP(Great Tao credit purchasing card), you can get $10,000 immediately, buy more, pay later, let's get started!

Follow us:

  

                                                            

Difference between "Cyber Monday" and Chinese "Double Twelve"

What is Cyber Monday?

Cyber Monday falls on the first Monday after Thanksgiving Day and Black Friday in the United States. Cyber refers to the meaning of online shopping. 

Origin of Cyber Monday

Traditionally the day after Thanksgiving in the United States is considered to be the beginning of the Christmas shopping season. On this day, massive discounts and sales are provided by brick and mortar retailers to attract customers, which makes it become one of the busiest shopping days of the year. As a result, many people are inclined to stay away from stores to avoid crowds. Moreover, thanksgiving weekend is also one of the busiest travel weekends in the US when people travel around the country with their families. Such reasons may mean that many customers miss Black Friday deals and sales. It is thought that Cyber Monday was created as a way to encourage such customers to shop without having to visit brick and mortar stores.

Highest Daily Retail Sales

According to the Adobe Digital Insights Report, Cyber Monday is regarded as the highest daily retail sales in 2016 with sales of $3.36 billion.

Chinese Double Twelve

Chinese People also have their “Cyber Monday” which is called “Double Twelve”. It was proposed by Taobao in 2012 first time for meeting people’s shopping desire.

Origin of Double Twelve

Do you know why it was created? You may heard of “Double Eleven” in China. People will buy lots of things that they need in “Double Eleven” shopping festival because most things will get 50% off and even more. But due to the large demand, many people can’t get what they want. As a result, Taobao created “Double Twelve” shopping festival which aims at these potential customers.

Characteristic of Double Twelve

The most obvious characteristic is the customer to determine the price!

During Double Twelve, all the China suppliers sign up to participate in "Double Twelve". Their goods will be made into product directory and equally displayed on the Taobao platform to consumers, and the love and attention (collection, purchase, share, or even a consultation) of consumers to the goods will possibly increase the display ranking of the item on the page. Sorting and interest groups will make the relationship between buyers and suppliers harmonious. In a word, consumers’ demand is the center, the exchange of emotions and interests will take the leader place of the traditional trading relationship.

Today's Double Twelve

In 2016, the traditional products made in China can’t meet the needs of the Chinese people. Chinese people prefer products those are from USA、Germany, Japan and so on, even most of these are still manufactured by China manufacturers. The increasing demand of foreign products will promote global trade more prosperous. How much will daily retail sales of Double Twelve in 2016 be? Let’s wait expectantly!

You can save money by join in  eGTCP and be our trusted member.

International buyers can get many benefits from GTCP Card and GTCA Program of eGTCP (Electronic Global Trade Credit Platform).

International buyers are granted with the credit line within 90-120 days payment terms after GTR assessment and place orders towards intended suppliers with the credit line. So, international buyers could improve their purchasing capabilities, promoting the usage rate of capital and will also win larger Chinese markets.

And GTCA (Great Tao Credit Assurance Program), based on the credit, intends to assist the trading parties in providing a level of trust and resolving risk issues in trades. This program also aims at providing credit endorsement for international buyers on behalf of Chinese international trade companies, and offering an all-round transaction assurance to trading parties for fast order confirmation.

Follow us: