Building and Repairing Your Personal Credit

One of the most important factors in obtaining loans for your business is your personal credit history. The workshop will walk through the process of what lenders look for  How you can improve your chances of approval by improvement your credit to get the best rates or for those with credit issues, improve it just to qualify.

Most of us could use a little improvement in our credit score. If you have average credit, you might want to bump it into the “good” range. Someone with good credit might want a credit score upgrade to an “excellent” rating. And, if your credit rating is poor, it’s especially important that you work to improve your situation.

Rebuilding your credit, whether you have been through a bankruptcy or divorce, or whether you have made mistakes with your finances, doesn’t have to be complicated. As long as you have patience and create a plan, you can rebuild your credit and eventually obtain an excellent credit rating.

Talking points:

• Understanding the Fair Credit Reporting Act
• What goes into credit scoring?
• What are the three major credit bureaus?
• Removing erroneous, unverifiable, and outdated items.
• How to rebuild your credit.