Your Two Credit Identities

Personal and business credit scores and reports are separate, but lenders look at both in deciding on your business credit worthiness.

Your Two Credit Identities

istock photo

Four years ago, Joe started his own business. He incorporated it, ran it carefully, paid his bills on time and steadily made a modest but solid profit. The company’s credit profile and credit scores were top-ranked.

Then the day came when he needed a new piece of equipment. Lacking the resources to pay cash, he sought financing from his local bank. Joe got the loan – but at an interest rate notably higher than the bank’s best. Why?

Two years before starting his...

Please login or register to view Tactical Retailer articles. It's free, fast and easy!


Comments on this site are submitted by users and are not endorsed by nor do they reflect the views or opinions of COLE Publishing, Inc. Comments are moderated before being posted.