Our credit score helps lenders decide how likely you are to repay your debts and plays a significant role when securing a mortgage. Scores range from 300 – 850 points and are based on: Your payment history and ability to repay your debts on time. Late payments will lower your credit score.

Credit repair has always been important. Mortgage, auto and personal lenders have long relied on your three-digit credit scores to determine if you are creditworthy enough to qualify for a loan. Lenders also rely on your credit scores to determine how much interest you’ll pay on these loans. But today, lenders aren’t the only ones who rely on these scores when making financial judgments. A growing number of employers tap into the credit information of job applicants when making hiring decisions. Those with low credit scores might lose out on their dream jobs. Even auto insurance companies often rely on credit scores when setting policy premiums. It’s clear that having a strong credit score is the key to a stress-free life today.

Credit is the lifeline of your business. It enables you to obtain funding for things like expansion, capital expenditures, research and development, and staffing. It is the principal contributing factor to your business’s future growth, not to mention the cash necessary for survival. Good business credit also allows you to keep the cash you have to cover your cost of doing business; such liquidity lets you respond quickly to time-sensitive requirements, without halting or compromising operations.

It’s not just about getting access to financing; business credit has increasingly become the primary vehicle for setting terms on business loans, determining insurance premiums, even setting lease payments. Good business credit can earn you lower rates, strengthening your cash flow.