The connection between business credit cards and personal creditWhen you apply for a business credit card, the process largely looks the same as getting approved for a personal credit card.
Failure to make payments, as well as other delinquent behavior on a business credit card, will impact your personal credit because of this personal guarantee clause.
How business card usage affects personal creditBeyond the initial hard inquiry from an application, you may be curious to know whether using a business credit card will impacts your personal credit.
The same rule applies to business credit cards — and the effects of business card defaults on personal credit scores can be detrimental.
As with personal credit cards, applying for multiple business credit cards can impact your personal credit score.
Persons:
isn't, That's, Experian, it's, that's, Stella Shon, Stella, LendingTree, you’d, Stella doesn’t, Experience Stella, Dolly, ExperienceExpertiseExperience Read
Organizations:
Ink, of America, Citi, Bank, Bank of America, Newsbreak, MSN, Yahoo, Aviation, Experience, University of North
Locations:
Wells, Wells Fargo, USA, Korea, Guatemala, Balearic, University of North Carolina, New York, North Carolina