Back in the day, “humans” were the ones who decided someone’s credit worthiness. All you needed was a handshake. But times have changed, and now a single number (your FICO credit score) decides whether you’ll get a loan or not.
A good credit score is important especially when trying to get a loan for a new house, new car, etc. The better your credit score, the lower your interest rate. The lower your interest rate, the lower your monthly payments are. Do you know what company annnual report that means?
Apply for a secured Visa or MasterCard. A secured credit is secured against a savings account. Usually, the credit limit is based on the amount of the deposit. Make certain that the credit card company reports to all three credit reporting agencies. Equifax, Experian and Transunion.
There could be various reasons you don’t have a credit history. Maybe you’re fresh out of high school. Maybe you only use cash, and never needed a loan. Most likely, if you have no credit history, your FICO score will be low.
A. Once we have the hook we need to answer the how do you do that? question we had earlier. This is the deliverables piece and here are some examples: I facilitate off-site strategy development sessions for non-profits. or I develop brochures, Corporate Printing and flyers for mid-sized companies. Or I specialize in writing ads for the banking industry.
Close with the end result. How well did your solution perform? What impact did it have in that one person’s life or on the community? Use hard numbers and be as specific as you can. Did you save their life? Provide food for 12 more days? Supply $1345.12 in needed medical supplies? Reroute 12.3 miles of highway saving 13 species of endangered plants and 2 species of fish? Try to use very exact numbers and quotes where possible.
Investing in small caps usually takes time. And it usually takes a lot of faith to determine whether the ups and downs of a smaller growing company are worth your investment.