Business Credit vs. Personal Credit

You may already know about personal credit and how you score is generated. But when it comes to business credit, the rules are very different.

There are no laws giving you a right to know about them.
Nobody tells you about the hidden compliance "checks"
Damage to your business credit profile is almost impossible to reverse.

Many business owners make a mistake by personal guaranteeing loans and credit lines for their businesses. When they do this, they put their personal credit at risk...which can be disastrous if something unexpected should happen to their business. That's why its critically important that when you build your business, you do it separate from your personal credit. Business credit can be yours to use to build or expand your business.

The problem though, is that lenders don't want you to know this. They would rather that you risk your personal credit with these business credit lines. You see, it's to their advantage to get you personally at risk for these lines. They like having more leverage over you and can even wreak more havoc on your personal finances, if they have access to your personal credit. That's just another reason why you NEED to know about how to keep your personal credit completely separate from your business credit.

Get Business Credit

Seems that big banks like Citi and Chase starting to close old personal accounts. There are even multiple reports of people with balances on their Citi cards receiving a letter saying that the account is closed and all they can do is pay it off or pay interest on any remaining balance.

Imagine if this happens to you? What will you do if you no longer have access to a credit card, or even worse, you have no credit left?The easy answer is, you will have business credit. Once you establish your business credit file you can start to open large credit accounts with Visa and Mastercard. All without the need to worry about what is going on with your personal finances. From homes that have lost 20% in value, to increasing costs for everything from food to necessities, this latest assault on personal credit lines might just be the last straw that sends you into bankruptcy. I can show you how to create business lines of credit if your a business owner.

(800) 896-2261