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Business accounts hurting my personal credit

Member

Business accounts hurting my personal credit

I own a small business.  Everytime we open an account with a new supplier or a bank, they ask for a personal guarantee and run my credit.  I have numerous inquiries because of this.  Over 20 inquiries in the past 6 months.
 
How badly is this hurting my credit scores?  My credit score appears to be dropping every month.  How can I get this resolved?
Message 1 of 4
3 REPLIES
Moderator Emeritus

Re: Business accounts hurting my personal credit

Do you have an EIN? Do you know if you currently have a DnB or Experian business file? You should never have to personal guarantee business credit if you know how to play the game. Smiley Happy
Message 2 of 4
Member

Re: Business accounts hurting my personal credit

The company is two years old.  I've had an EIN since day 1.  I have never signed up for DnB or Experian business file.  With that said, where is the rule book to play this game?  Smiley Wink
Message 3 of 4
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Moderator Emeritus

Re: Business accounts hurting my personal credit

PM me your e-mail and I will send you some info on building up your business file.
Message 4 of 4