My hubby’s family is business based. I’ve seen them being through a lot, through ups and downs. If it’s not because of my FIL’s solid financial status, I will drag hubby to get a proper job instead of starting on his own business!

You see, not every business earns money. According to stats, 80% of new businesses failed within the 1st year. Thus, you really need a solid financial base to start a medium size business. But I have always had this in mind, things will never be smooth forever, and so does my hubby’s credit status.

If there’s anything goes wrong, I will surely hope that we will find ways to rebuild his creditability. At the same time, I know that he won’t be able to get normal loans or credit cards easily, if we failed to repay them before. Nonetheless, we have options like bad credit loans or securedcreditcards.

Of course I hope that none of this will happen. But no matter how things go, I will work out with hubby to solve it out.