How to Score on Credit Score

How to Score on Credit Score

How to Score on Credit Score

Topics Included

What You Need to Know About Credit Scores

Credit scores have a huge impact on your ability to secure a business loan. Most entrepreneurs find it hard to understand the nitty-gritty of credit scores and thus develop baseless myths.

Relationship Between Your Age and Credit Score

To secure a business loan, an aspiring entrepreneur needs to have an acceptable average credit score. Much of this also depends on the age of the borrower. For example, a young entrepreneur in his early 20s cannot be expected to have a stellar credit score.

Scoring a Higher Credit Score

Almost every business will need to borrow money at some point or another. When the time comes, a business's credit score is one of the most important factors that lending institutions will consider.