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If You’re Not a 720 There’s Work to Do.

Amazingly enough, someone’s life can be drastically affected by three numbers. Here’s a look at the consequences they can bring.  You should review your personal credit reports at least once per year.  If  all 3 scores form all 3 credit bureaus (equifax, transunion, experian)  are above 720, congratulations! You have excellent credit; stop worrying.

If you’re scores are not above 700, no problem—let’s get to work. Take solace in the fact that the national average score is around 676 according to the Gallup Organization. If you’re scores are below 400, 500, or 600, there’s definitely room for improvement and only one way to go—up!

This Book Credit Restoration for Entrepreneurs will help you get started.

A Crash Course In Credit Scores

If  you had no idea that there is a totally different credit scoring system for businesses than there is for people, don’t fret—I’ll explain.

Personal credit scores range from 350 to 850.   All three of the credit bureaus—Equifax, Experian, and Transunion—offer  FICO credit scores using a complex mathematical formula developed by Fair, Isaac and Company, but they each give the scores a different name: At Equifax, the FICO is known as the Beacon credit score; at TransUnion, it’s called Empirica; and at Experian, it’s called the Experian/Fair, Isaac Risk Model.

Business credit scores range for 0 to 100.  The major business credit bureaus are Dun and Bradstreet and Experian Insights. Unlike their counterparts the business scoring system is not complexed.  It is quite simply based on payment history.  Each credit bureau does however, give  the scores a different name.  At Dun and Bradstreet the score is called a PayDex and at Experian it is called an Intelliscore.  Here is the bottom line in this crash course:   Good business credit scores PLUS good business credit scores  gets you access to lots of business funding!

Read My Book

As a business owner your time is best spent running your business! While self help may be the best option, it may not be the most cost efficient option. If you’re like most Americans, the problem is, you really DON’T know “HOW” the credit system works. The credit system is full of “little secrets” and most of us find them frustrating. Credit Repair for Entrepreneurs will help shed some light on the subject of credit.
Purchase “Credit Restoration for Entreprenuers” at LocalCreditExpert.com or Lulu.com
To Your Success
Shameca
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