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Possible to build good biz credit, with poor personal credit

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peaceonearth
Established Contributor

Re: Possible to build good biz credit, with poor personal credit


@myjourney wrote:

@shavit87 wrote:

Hi and thank you for the warm welcome, I'm looking for CC, but I don't mind working with net 30 to build the credit first. 

 

I had a lot of hiccups in my teens and early 20s and I'm approaching 30 and finally get on track. 

 

I've had "side hussles" for years, but I want to register my biz and get "legit" as well as have needed funding for growth.


Do you know your other Fico scores? 

One of the easiest CC's to get to start building business credit is CAP1 sparks 

The downside is it will cost you 3 HP's and report to both personal and business CR's so you have to watch UTL as it can have an effect on personal credit and scores


+1

Message 11 of 12
peaceonearth
Established Contributor

Re: Possible to build good biz credit, with poor personal credit


@shavit87 wrote:

Think that's what I'm gonna do. Get a secured business credit card. It wouldn't be for record keeping, rather building credit and reinvesting back in the biz.


If you don't wana go with Sparks, WF offers secured business credit cards.

 

Message 12 of 12
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