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You won't have any trouble at all getting a loan but most banks will probably want to issue credit by way of a credit card unless you have some sort of collateral (paid off car, or equity in a home)

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10y ago

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Does my LLC have a credit score?

Yes, your LLC can have a credit score separate from your personal credit score. This score is based on the financial history and creditworthiness of your LLC, not your personal finances.


How is your credit score computed?

Credit scores are personal information. If you can tell me how your credit score is computed then I will tell you how my credit score is computed. Okay?


Where online can a person find information about their personal credit score?

One can find information about their credit score on sites such as Credit Karma, FICO, Free Credit Score, Trans Union, and Credit Sesame. These sites will provide a person with all the information on how they are doing in their personal credit score.


Is LLC credit separate from personal credit?

Yes, LLC credit is typically separate from personal credit. This means that the credit history and score of the LLC (Limited Liability Company) is distinct from the personal credit history and score of the individual owners of the LLC.


Is it possible to obtain an aqua credit card with juat a fair credit score?

Yes, it is possible to obtain an aqua credit card with just a fair credit score, though it's easier if you have a good score.


Is it possible for a person with a credit score below 450 to get a personal loan with no collateral?

It is very improbable that you will get an unsecured loan with a credit score in the 400's. Unless you show that you are trying to rectify the reason for your score to be so low and show proof that you are doing so.


Where can you get a personal loan with a 577 credit score?

You can get a personal loan with a 577 credit score at places such as Rise. The associate percentage rates are often high, however.


How can one calculate a Personal Credit Score?

One can calculate a Personal Credit Score using Credit Score Calculators found from various sources. These sources include: Trans Union, My Fico, Bank Rate, and other sources.


Does the Amazon Business credit card report to personal credit?

Yes, the Amazon Business credit card does not report to personal credit bureaus, so it does not impact your personal credit score.


What is the lowest possible credit score that a person can have, and does a credit score start at 0?

The lowest possible credit score is typically around 300. Credit scores do not start at 0; they usually start at 300 or 350, depending on the scoring model.


Do you have a credit score if you do not have any credit cards?

Yes, it is possible to have a credit score even though you don't currently have any credit cards. If you have ever applied for credit of any type then you are likely to have a credit score.


How does forming an LLC impact an individual's personal credit score?

Forming an LLC typically does not directly impact an individual's personal credit score. However, if the individual personally guarantees any business debts or uses personal credit to fund the LLC, it could affect their credit score if the business fails to repay the debts.