Credit Scoring Expert speaks candidly about his personal growth and asks respected writers to share content to help others improve their life.

The Wall Street Journal published an article today about why banks started lending to small businesses even though “on paper” their financial statement didn’t look like they could pay back the loan. A 1995 study by Fair Isaac Corp. and Robert Morris Associates, found that a small business cash flow and financial statement had little correlation with how the owner would pay his bills. “A stronger prediction was the business owner’s personal credit score,” says the article. Now the year is 2009 and credit is tight. If your credit score was important 5, 10, and 15 years ago, today it’s absolutely critical. Per the small print on the agreements with your credit card companies, they can run credit checks anytime to make sure your on time on other bills. If your not, be prepared to have your interest rates raised or your credit limit dropped.