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Why You Shouldn’t Use Personal Credit For Your Business
photo credit: Andres Rueda
ActiveRain describes on possible reason that it might not be best to use your personal credit, if you can help it.
What might be perfectly normal and acceptable for a business credit profile, such as submitting multiple applications for business credit, can have a serious negative impact on personal credit because of what’s called excessive inquiries.
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RedHotFranchises on June 9th, 2009 9:19 pm
Thanks for the information. For new Business Owners, It’s always best to keep everything absolutely separate, although sometimes it may get dicey!
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