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Can a credit card that you had in your personal name but a lien on your corporate business account?
Wiki User
∙ 12y ago
yes. the creditor can put a lien on anything that may be counted as your assets. if your corporate business account is one of your assets, the creditor can try to recover their money from that account.
Wiki User
∙ 12y ago
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What are the differences between a corporate credit card and a personal credit card?
Usually, a corporate credit card is only used for business purposes. For example, taking a client out to lunch or dinner. A personal credit card is used for personal expenses, such as buying clothing or groceries.
Corporate Credit?
form_title=Corporate Credit form_header=Build your corporate credit and limit your use of personal credit! What is your dept to income ratio?=_ Why do you need this specific credit line?=_ Does your business have a current credit score?= () Yes () No () Not Sure If so, what is the current credit score?=_
How do you do withdrawal cash from business bank account for personal use?
[Debit] Drawing account [Credit] Cash account [Debit] Owners capital [Credit] Drawing account
How do I get a credit account for my small business?
Credit for your business depends on how your business is set up. Generally, your own personal credit rating will come into play unless the business is well-established and has its own credit rating.
what exactly are corporate credit cards?
A corporate credit card is a credit card made just for a business. It is extremely useful to a business owner to keep personal and business expenses seperate. It will also give the business a useful tool to allow the employee to charge expenses with the card rather than have to submit reimbursement requests.
What is the purpose of getting corporate credit cards?
Corporate credit cards are for business use only such as meals while on business trips.
Where can one acquire a Visa business card?
Applying for a Visa business card can be done in a number of ways. It is usually done via the companies finance department as the card would be linked to the companies business account in the local bank, there are some requirements but a personal credit history is generally not asked for as it is a corporate rather then personal card.
If you have a business dispute with a credit agency can this problem be on your personal credit report?
It would depend on whether or not this business account was showing on your personal report.It is customary for business loans/credit accounts to need a personal guarantor. Personally guaranteed accounts may show on your credit report. To dispute information on your D&B report visit www.dandb.com/companyupdate
Where can you find information about corporate bankruptcy laws?
Does corporate bankruptcy affect personal credit?
Where can I find a credit card that offers corporate business credit?
In order to find a credit card that offers corporate business credit, I would talk to your local bank. They would be able to advise you on what is available for you currently.
Where can you use corporate business credit?
Corporate business credit is for large companies and organizations. It is used to obtain lines of credit with various companies, equipment leases, credit cards, real estate, and auto leases.
What are the benefits of corporate credit cards?
"Corporate credit cards aren't issued in any one person's name, so the likelihood of them affecting your personal credit score is lowered. Also, because they're usually only extended to large business the line of credit is usually much greater."
