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Fix Your Personal Credit First
Manage episode 398447414 series 3461774
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How you look on paper will greatly affect how you look in real life. This is very true in the business world and the world of financial services or access to capital. Your credit score is a prediction of your credit behavior, and lenders lean heavily on that when it comes to lending out capital or funds. This why we have advised potential business owners to fix or better your personal credit scores first. Your credit history can include information like the number of accounts, total levels of debt, repayment history, and some other factors. Once you become a business owner, you will more than likely apply for some business credit. Your business credit application will include lots of information from your personal credit history. Tune in this episode to see why fixing your personal credit first can help you as a business owner in the long run.
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