In Thursday's class (Sept 9, 2010), Mr. William Carter (Coach Carter) spoke about credit and how the credit system works. Credit is one of your most important small business assets. Having good credit shows that you are probably a good businessperson who maybe worth investing with.
If you have poor credit, why would someone or a financing company want to invest with you.? If you can not practice the type of behavior (delayed gratification) that creates good credit and successful business people, then others will be less likely to believe in you.
I have had Coach Carter come to my classes since the mid-1990's. He is good at breaking down the credit maze into smaller items that most people can understand. He uses a booklet, packed with good information, to walk everyone through the credit system.
Today is the second class on credit will study actual credit reports. We will learn how to read them and compare fair/average reports with poor reports. Its hard to find good credit reports in today's economy.
If you would like more information about this class or additional handouts. Visit our class web page and click on Homework > Taking on Risk and your credit.
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