Everybody knows that bad fico scores can wreak havoc with your finances that are personal causing greater interest levels on mortgages, auto loans, and a lot more. But even though company credit and credit that is personal separate ratings, numerous first-time business owners nevertheless result in the critical mistake of convinced that individual credit won’t affect their companies.
Why credit that is personal for business people
In fact, the precise reverse is usually real. As you go through the application process if you’re an entrepreneur with little traction or proven business expertise, it’s likely that banks will weigh your personal credit history. Read more