"Bad Personal Credit" Destroys Business Dreams of Entrepreneur
Have you or your family been stressed out because you lost your job and your personal credit has gone down the toilet? Have you made the decision to get back on your feet and start a home based business or a store front business? Have you tried to get a business line of credit or an unsecured credit card for your new startup? Do you have working capital? These are tough questions and sometimes the answers are not what you want to hear.
Personal credit affects your ability to get business credit when you first start up your business.
Most lenders, financial institutions and other companies want a personal guarantee in the beginning and when your personal credit stinks, this becomes an impossible task.
It becomes a vicious cycle that just can't be broken.
Many people have gone through this agony.
Their credit was destroyed and it led them to file bankruptcy.
The thought occurs to them that they will never be able to get their business going so they would have a reliable retirement fund.
But I've learned the secrets of applying for credit and setting up a businesses with the correct entity structure.
I have met with expert IRS agents who showed me exactly how to maintain company books so that the likelihood of an audit is almost non-existent.
I realize now that everyone has the right to clean up their credit.
The credit bureaus do not benefit from helping the individual.
They are paid by big business and lose nothing if they make a mistake and report an error on your credit report.
It does not make one bit of difference to them if it is right - or wrong.
The law says you have the right to fight these errors, so don't wait any longer.
Start your education process concerning personal credit repair.
The sooner you get your credit cleaned up, the sooner you begin to automatically build a great credit profile that builds on itself year after year.
A big percentage of your FICO scores are comprised of the "length" of your credit history, so it's critical to begin to think "long term" benefits when it comes to your credit repair.
The sooner it's fixed, the sooner your FICO scores start to climb.
Personal credit affects your ability to get business credit when you first start up your business.
Most lenders, financial institutions and other companies want a personal guarantee in the beginning and when your personal credit stinks, this becomes an impossible task.
It becomes a vicious cycle that just can't be broken.
Many people have gone through this agony.
Their credit was destroyed and it led them to file bankruptcy.
The thought occurs to them that they will never be able to get their business going so they would have a reliable retirement fund.
But I've learned the secrets of applying for credit and setting up a businesses with the correct entity structure.
I have met with expert IRS agents who showed me exactly how to maintain company books so that the likelihood of an audit is almost non-existent.
I realize now that everyone has the right to clean up their credit.
The credit bureaus do not benefit from helping the individual.
They are paid by big business and lose nothing if they make a mistake and report an error on your credit report.
It does not make one bit of difference to them if it is right - or wrong.
The law says you have the right to fight these errors, so don't wait any longer.
Start your education process concerning personal credit repair.
The sooner you get your credit cleaned up, the sooner you begin to automatically build a great credit profile that builds on itself year after year.
A big percentage of your FICO scores are comprised of the "length" of your credit history, so it's critical to begin to think "long term" benefits when it comes to your credit repair.
The sooner it's fixed, the sooner your FICO scores start to climb.
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