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mickey
Posts: 1
Registered: ‎06-09-2007
0

is personal credit score connected to business credit score

Are the two connected.
I am a sole proprieter business owner.
Will my credit card use for my business show up on my personal credit report?
Is a corproration any different?
Moderator Emeritus
llecs
Posts: 32,869
Registered: ‎08-04-2007
0

Re: is personal credit score connected to business credit score

There is a connection if you gave a PG at time of applying, resulting in a hard inquiry, and if you default, resulting in a CO, judgement,  or some other deragatory statement on your CR.
Regular Contributor
Madison
Posts: 163
Registered: ‎06-18-2007
0

Re: is personal credit score connected to business credit score

[ Edited ]
In my case, the business cc does not show up on my personal FICO reports. Same with business gas cards. Although I am a small business owner, I did incorporate. You may want to discuss with your accountant.


Message Edited by Madison on 11-21-2007 06:19 AM
Moderator Emeritus
Tuscani
Posts: 6,182
Registered: ‎03-29-2007
0

Re: is personal credit score connected to business credit score

It can be.. However, if you build your biz credit up correctly you should never need to PG anything!
Super Contributor
concorduser
Posts: 6,026
Registered: ‎09-18-2007
0

Re: is personal credit score connected to business credit score

It is very easy to incorporate the business and setup seperate tradelines for business with out even giving personal ss#.

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