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Not everyone knows this, but your personal credit score could make a huge difference if you’re trying to start your own business. As a matter of fact, having a poor personal credit score could negatively affect business loan applications and will be taken into account. Lenders use your personal credit score to gauge how responsible you are with your credit and how much of a risk you’ll be. That’s why it’s always better to have a better personal credit score before launching any endeavor. Here are a few simple ways you can improve your personal credit before you start your business. Get an Installment Loan Installment loans are a great way to not only show payment history, but to swallow up credit card debt and lower your debt utilization ratio; both are things that will affect your credit score positively. You can search for online installment loans, and most of them will have a How to Improve Your Personal Credit Score Before Starting a Business

Whether you have just graduated with a bachelor’s degree or a master’s degree, the one thing most recent college graduates share is debt. The cost of post-secondary education is through the roof and few parents have the resources anymore to pay the cost of tuition, books, and living expenses. It’s a sad, but true, fact of life. Unfortunately, this leaves most newly graduated young adults without much in the way of creditworthiness. If you have recently graduated and are in a less than ideal financial situation, here are some tips on getting control of your finances. Dealing with Student Loans One of the biggest concerns most recent grads share is the worry over paying off those student loans. Fortunately, most have very low-interest rates and many lenders will have alternative plans if you are currently in the market for a job. Some loans don’t require payments for a certain leng How to Get Control of Your Personal Finances Fresh Out of College