Do you know your credit score is?
Do you even know WHAT a credit score is?
Don't feel bad.
Most people don't.
Your credit score tells lenders the type of borrower you will
likely be based on your credit history. Scores in the United
States run between 300 and 950.
The higher your score the more likely is it that you will be
approved for loans at favorable rates and payment terms.
You might think your credit score is not a big deal unless you
are trying to get a home mortgage or a new car loan, but in
business your credit score is just as important.
Consider this:
You may want to apply for a personal loan to fund the startup of
your business.
As your business grows you may want to set up a line of credit
with a bank to help manage cash flow.
You may need to purchase a building of your own. You may need to
establish lines of credit with vendors and suppliers.
Even if you just want to apply for a credit card to charge your
company car gas purchases to, your credit score is important. So
back to my original question: Do you know your credit score?
Neither did I until I was referred to a new website that offered
to calculate my credit score just by going through a brief
survey.
This website provides a free credit score to United States
consumers by invitation only.
This survey is not open to the public without a referral.
Since I was invited to participate in the survey I can now
invite you to do the same.
Whether you're in business or an individual, you should have an
idea of what your credit score is, even if you're not currently
applying for credit.
Knowing your credit score and occasionally checking your credit
reports also helps you protect yourself from identity theft and
credit fraud.
I was personally the victim of credit card theft recently and
the fraudulent activity ended up as a ding on my credit and it
was a PAIN getting it removed.
And I didn't even know it had happened until I applied for a car
loan and the misinformation turned up on my credit report.
If you'd like to complete the survey to get your credit score go
to the link below.
About the author:
Tim Knox Entrepreneur, Author, Speaker
http://www.prosperityandprofit.com
http://www.dropshipwholesale.net http://www.smallbusinessqa.com
http://www.timknox.com
