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Building Business Credit

Why Separate Your Personal Credit From Your Business Credit? When officers and owners use their personal credit profiles to obtain credit for a business, they risk the chance of lowering their own personal credit scores in the process. There are two reasons you should strive to avoid using your personal guarantee on business credit instead of establishing corporate credit. First is to avoid personal liability. If the business cannot make the payments, each individual signer is personally liable for the debt. Second, because credit obtained for a business can affect your personal credit score.

Course Information

Course Instructor

Tarrance Bellamy Tarrance Bellamy Author

CEO

$747.00

Boss

$297.00
per month for 3 total payments

Entrepreneur

$197.00
per month for 5 total payments

Establishing Corporate Presence

Becoming a Legal and Viable Business

Obtaining Tradelines