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Whether you are buying or selling a business, if there is a blemish on your credit history, you should make every attempt to have it cleared up and removed from your credit report before submitting your purchase offer. If you are selling a business, the same applies before disclosing financial history on yourself or the company. Perhaps you have experienced a trying time in your growth. If so, that's your business. Many blemishes can be removed with a simple letter of explanation. Some may require settlement.
 

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