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Member
browe
Posts: 11
Registered: ‎06-30-2007

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?
Moderator Emeritus
Tuscani
Posts: 6,182
Registered: ‎03-29-2007

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. :smileyhappy:
Member
browe
Posts: 11
Registered: ‎06-30-2007

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?  :smileywink:
Moderator Emeritus
Tuscani
Posts: 6,182
Registered: ‎03-29-2007

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.

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