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Key takeaways: Small business credit cards often do not report payment activity to the owner’s personal credit.  This allows the business owner to separate their personal credit from the activity of their business.  Understanding how business credit cards report to personal and business credit can help business owners choose the right credit cards for their business needs. A business owner’s loan fell through at the last minute. Desperate to move forward, she used her personal credit cards, charging many of… Read More

You pay your bills on time, you don’t have any credit card debt, and overall, you consider yourself fairly responsible when it comes to spending. You’re ready to apply for business credit cards or small business loans to help you get your future business off the ground and, all of a sudden, you hit a roadblock. Your request is denied and, when you look into it, you find that you have a "thin credit file," or too-little credit history to… Read More

At a high level, most people understand the importance of a good personal credit score and how it influences their ability to borrow. The same is true for small business owners. Many new business owners are unaware that they have a business credit profile which is basically a selection of credit scores that represent how you business meets its financial obligations. For most U.S. small business owners, your personal credit score and business credit profile will both be part of… Read More

Today, businesses and consumers around the world fall victim to the limitations of a poor credit score. From cars and houses to new jobs and business opportunities, a poor credit score can stop you dead in your tracks. This harsh reality often makes promises of “guaranteed” credit repair or “clean” credit reports appear as beacons of hope. And as we’ll discuss later, even business credit repair is getting in the act. Because it’s so vital to financial freedom, credit repair,… Read More