Starting a new business for some entrepreneurs can be hard when times are rough. This is especially for business owners looking to get their business off the ground. But it can be even tougher for business with bad credit. So you need funding!
bad credit
Credit bureaus collect personal information like your name, date of birth, location, occupation, and more. They’ll also prepare a list of information that the creditors provide. Other information, like judgments or bankruptcy, will appear on your credit reports. It becomes part of your personal credit score. When you apply for new credit, your creditor will see all that info in your credit report and check your score.
As always, it literally pays to separate your business life from your personal life, by opening separate accounts and even incorporating your business. Do so in order to demonstrate to creditors that you and your company are not the same when it comes to credit. You can get business credit cards that don’t report to personal credit.
Page [tcb_pagination_current_page] of [tcb_pagination_total_pages]