The LA SBDC Network offers no-cost virtual business workshops for small businesses in Los Angeles, Santa Barbara, and Ventura Counties.
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Financial Fitness: Personal Credit
July 15 @ 11:00 am - 12:30 pmFree
The “Improve Your Personal Credit for Lending Opportunities” workshop is designed to help individuals and business owners understand the factors that affect their credit scores and learn strategies to improve them. Whether you are looking to apply for a personal loan, business loan, or credit line, having a strong credit score can significantly increase your chances of approval and favorable terms.
During this workshop, participants will learn about the different credit bureaus and how they calculate credit scores, the common mistakes that can lower credit scores, and ways to establish or rebuild credit history. Additionally, the workshop will cover the importance of monitoring credit reports for errors or fraudulent activity and how to dispute inaccuracies.
Furthermore, the workshop will address the following three pain points that individuals and business owners often face when it comes to credit:
Lack of awareness: Many people are not aware of the factors that affect their credit scores or the importance of maintaining a good credit history. This workshop will provide a comprehensive overview of credit scores and how they impact lending opportunities.
Limited resources: Individuals and small business owners may not have access to the same resources as large corporations to establish and maintain good credit. The workshop will provide practical tips and strategies that can be implemented on a limited budget.
Fear of rejection: Some people may be hesitant to apply for loans or credit lines due to a fear of rejection or a belief that their credit score is too low. The workshop will provide guidance on how to assess creditworthiness, identify appropriate lending options, and increase the chances of approval.
Overall, this workshop is ideal for individuals and small business owners who want to take control of their credit and improve their chances of securing lending opportunities. By attending this workshop, participants will gain valuable insights and practical tools that can help them build a stronger credit profile and achieve their financial goals.