Albany Poets

Raise your credit score

Posted in Business on May 7th, 2009

Wilma is a businesswoman. She buys and sells jewelery from across the globe. This means that her business involves big amounts of money that go in and out of her account. As a businesswoman, it is very important that she has a clean and good image with different banks. Her work involves the risking huge amounts of money in order to serve as her capital for the precious gold, silver and other jewelery that she sells.

Last week, she was informed about an auction of some famous jewelery pieces near her place. She wanted to purchase a few of the jewelery for her to sell to her VIP clients. She applied for a loan that will be her capital. To her surprise, she found out that her loan request was rejected. She approached the bank and asked details regarding the result of her loan request. According to the bank, her credit score did not allow her to loan such a huge amount. When she got home, she researched for way to improve credit score so that she will be aware and that next time her loan request will be approved. After a few months, she was able to loan greater amounts of money. She was thankful with the tips that she read about because now she knows how to take care and increase her credit score.