Lesson 8
The Importance of a Credit Rating to the Entrepreneur

In this lesson, students will explore how earning and managing an income prepare the entrepreneur to administer his or her business effectively. Students will learn that income is a necessary step towards establishing credit, which an entrepreneur needs in order to procure start-up funding for his or her business. Students will explore the concept of credit in depth, learning about credit reporting agencies and examining the different components of a FICO score. Students will apply their knowledge of credit to several scenarios and provide recommendations for improving individuals' FICO scores.


  • Credit
  • Credit Report
  • Income

Standards in Economics and Personal Finance

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