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Should You Start a Business If You Have a Fair Credit Score?

November 27, 2017

Your credit score says a lot about you. It has a major impact on how you live your life—at least, financially. In your personal life, your credit score will likely affect what mortgage you can qualify for, what types of credit lines you can open, what jobs you get, or what apartments you can apply for. Sometimes, a fair credit score can get you want you want, but it’s better to have a high credit score.

The same goes with starting a business and that credit score. However, most people don’t realize that, as an entrepreneur, your credit score can also affect your business. And, that’s even if you’re running a small operation. What if you have a low credit score say in the “fair” range? Does that mean you should avoid starting a business altogether?

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