It Takes Money to Make Money - The importance of a good credit score

There are many ways to make a good living in America. If you have nothing more than a high school education and a good credit score, you are in a better position than you may think. I have been doing a good bit of observing the world around me since I have been in business for myself, and I have seen a fair number of people in my little corner of the world who make an astounding living for themselves with nothing more than good credit, and some simple business sense.

With good credit, you become eligible for things like small business loans and lines of credit. You can give your gross annual income a pretty significant face-lift by using those lines to start a business, or lend to others at an adjusted interest rate, or even purchase a ratty home, and fix it up to resell.

America is the land of opportunity, true, but many of these opportunities will come and go if you are not responsible with your credit. Ye Olde Credit Folklore would have you believe that it takes 7 years to recover from the black marks of "In Collections." This does not seem to be the case. Even if your score is below 500, as long as you can settle the debt in a reasonable manner for the collection agency, your credit score will bounce back pretty quickly, and could be in the 700's in less than 2 years.

With your new and improved credit score, the only thing left to master is a pretty simple rule of business that any stockbrocker or real estate agent would tell you: Whatever it is, buy low, sell high. And if you need a sign, design one at BuildASign.com™