Business Credit

[mnikravesh]

We recently signed up for a business account with Capital One. During the application process it asked for my personal SS# as I am the president/owner. My first question is besides the inquiry will they report to my personal credit report? Also when I want to add an authorized user it asks for their SS#. Why do they need my employees/authorized users SS# and will the corporate payment history after their personal credit reports?

[QueenofReinvention]

Yes, this does report to your personal credit report. You can add authorized users to the account.

[mnikravesh]

Thanks, but does it report to my authroized users/employees credit reports?

[QueenofReinvention]

You will need to confirm with Capital One; however, when I got my card (which was about 2 years ago), I believe they indicated it reported to my personal credit report, but it did not for any auth users, but I would suggest you confirm that with Capital One, as anything can change with credit card companies and their reporting. I know when I had my Corporate Amex when I worked in the insurance industry, I had a card, and they requested my SS# too, but it did not report to my personal credit, but I know AMEX is a bit different.

[Project17]

It won't report for the employee's unless you are late or you default then it will pop up no theirs most likely even though it shouldn't. That happens all the time.