Question
I have a small business and have only ever had three credit cards in the companys name (1-Delta AMEX skymiles and 2-AA Citi M/C). My business is incorporated. The three cards have never appeared on any of my personal FICO records from Experian, Transunion and Experian. If I am not concerned about the companys credit rating, is this a way to churn cards without hurting my personal score?
Answer
If you guarenteed them with your personal credit, but in a biz name, they won't appear on your personal credit unless any of them go delinquent.
Answer
If they pull your personal credit report, that will also impact your score.
Answer
I currently have a business card which is in my business's name but I use my personal Social Security number to guarantee it.
Last month my office manager forgot and paid the Bill two days late.is this going to mess up my credit.? When I have pulled my credit report in the past I didn't see this bill on my credit report.
Answer
I currently have a business card which is in my business's name but I use my personal Social Security number to guarantee it.
Last month my office manager forgot and paid the Bill two days late.is this going to mess up my credit.? When I have pulled my credit report in the past I didn't see this bill on my credit report.
Lates are reported only if they are 30 days late.