@GregB wrote:
And a Business Credit Card is being paid from business cash flow. This is why it should not be reported on a personal credit report.
Statement that just closed for the CapOne Business account was about $11,000 starting balance. I made one charge for $6,018 and the statement closed with interest charged on the $11,000 from the previous month. I just paid $2,000 on the old balance and scheduled $6,018 payment for the due date. If I have any extra I will pay down the $9,000 old balance. That is paid out of business cash flow and has little relationship to my personal income, which is probably about $0 for the month.
That's the most precise way I've heard it explained. Thank you, GregB.
