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Answered 2005-04-13 15:18:50

It shouldn't unless business and personal funds were commingled or a personal credit card was used when making business transactions.

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The difference between personal credit and business credit is that personal credit only applies to one person; one's self. However business credit can be applied to the employees in any company which are covered by the business insurance.


Most business credit cards do come with a personal guarantee. There are, however, ways to get a business credit card that does not require a personal guarantee.


If your personal credit is tied to your business credit, you run the risk of having your personal credit affect your business credit. When, establishing a business, it may seem easier to use your personal credit to get loans, but this could increase your personal risk should the business fail or undergo financial strife. For this reason, it is beneficial to register your business as a completely separate entity from your personal credit. One of the best ways to do this is by registering to receive a D&B D-U-N-S® Number for your company.


No. Most of the business credit lines do not document in your personal credit report unless you go into a default position.


You can separate your business credit from your personal credit by registering your business as a completely separate entity from your personal credit. One of the best ways to do this is by registering to receive a D&B D-U-N-S® Number for your business, and leveraging your business credit using that number. For more information, visit the related links.


Specially in proprietorship firm, the personal standing of the proprietor is of paramount importance in getting business credit. Bill Gates' personal worth helps Microsoft edging past other competitors vying for business credit.


If you have bad personal credit, the best thing you can do to help improve your chances of getting a business credit card is to register your business as a completely separate entity from your personal credit.


According to bankrate, if someone submits a business credit card application it affects their personal credit score. Since it's still their own business card, it's considered their personal item.


If your personal credit is completely separate from your business credit, you can increase your chances of getting a business loan.


If your business credit is established as a completely separate entity from your personal credit, then you can reduce the risk of having your personal credit and assets affected by a business bankruptcy. One of the best ways to establish business credit is to register to receive a D&B D-U-N-S® Number.


Business lendersgenerally look at both your business and personal credit scores when evaluating a business loan application. For one thing, some borrowers may be starting their first business and will therefore have no business credit to speak of. Additionally, your personal credit ratings will disclose much about your spending routines and ability to manage cash.


One of the best ways to be granted business credit by any vendor without a personal guarantee is by establishing your business credit report. By demonstrating a positive business payment history and steady cash flow, you can increase the likelihood of being granted business credit without a personal guarantee.


A personal bankruptcy can remain on your credit history for up to 10 years, which can make it difficult to get a business loan; however, if your business credit is established as a completely separate entity from your personal credit, you may increase your likelihood of getting a business loan.


Some are secured, some are not. A Home Equity Line of Credit is secured by real estate (a residence or property) A business line of credit may be secured by a stake in the business or lien against equipment or inventory. Business lines may also be unsecured. Personal or "signature" credit lines are unsecured.


If your business is tied to your personal credit, then yes, you run the risk of being personally affected by the business's bankruptcy.


If your business is tied to your personal credit, then yes, you run the risk of being personally affected by the business's bankruptcy.


As a chase customer I can honestly say yes they do offer both personal & business credit cards and they have a wide variety of personal and business credit cards some have rewards and other special perks.


form_title=Equipment Financing form_header=Get equipment financing for your commercial equipment with an equipment lease option designed for your business. Funding amount needed for equipment?*= _Insert amount[50] Time frame needed?*= {Within 30 days, 1 to 3 months, 3 to 6 months, Longer than 6 months, Not Sure} Is the equipment you're financing for business or personal use?*= () Business () Personal How would you rate your own credit?*= [] Poor [] Fair [] Good [] Excellent



Business credit is important if you ever want to get a business loan or line of credit. Without good business credit, you reduce the chances of being granted a business loan at reasonable interest rates. It is important to establish business credit as a completely separate entity from your personal credit to help reduce the risk of having your personal credit and assets affected should the business go bankrupt or experience other financial turmoil.


In many cases, yes, it will hurt the business credit history due to you having bad personal credit history. Being a "silent" partner is the best option you have if you want to be involved in the business.


Business Credit CardYep. As long as its your social security number tied to the card and you own the business, the payments you make on behalf of your business card are reported. Business cards typically have larger credit lines so you can handle your business expenses with ease. Keep in mind that some business credit cards may require your social security number but does not report to your personal credit files. For example, Elan Financial issues a business credit card for many banks and while the credit application requires a personal credit check the debt only reports to your personal credit reports in the even of default.


The reason to finance your business with business credit rather than a personal line of credit:Business credit lines are usually bigger - personal credit lines can make a business look underfunded on paper.Business credit lines grease the wheels of commerce between businesses - some businesses will not do business with a company without a business credit line.The first business credit line is the hardest to get - banks will become more lax the more that you prove your business credit worth.The IRS will not give you as hard of a time if your finances are completely separate.


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.


Yes you can, it may have a higher APR! Business credit and personal credit is measured differently. (2) different profiles. Great way to have work and personal life balance. If you have a business you should keep it separate from your personal credit. It does not affect your debt to income!



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