Credit Cards For Businesses Review
Author: vasili123
Posted: Sun Jun 25, 2006 7:57 pm
Post subject: Business Credit Cards
(Business Credit Cards) I know they don't post it to your personal credit report....But where do they post it to....If you have Business Credit Cards do other credit card companies have access to those records? If someone has knowledge about Business Credit Cards and how that side works please post....
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: tonyb
Posted: Sun Jun 25, 2006 8:35 pm
Post subject:
I believe they do post to your personal credit report. For small businesses, the credit cards are always tied to a person rather than to just the business. Since incorporating can become a liability shield, credit card companies know if a company runs up a bunch of debt and goes bankrupt, they can't go after the owners unless they tie the credit to a person, and not a business.
They may be tied to the business, I'm not sure in what way, but they're definately tied to a person.
Author: vasili123
Posted: Sun Jun 25, 2006 8:39 pm
Post subject: Credit Cards For Businesses Review
They don't post it to your personal credit report. I have plenty of Business Credit Cards I just want to know if they post it somewhere else, and if credit card companies have access to how much business credit you have. Basically, I wanna know how that side of credit works.
Author: Sporty
Posted: Sun Jun 25, 2006 8:46 pm
Post subject: Credit Cards For Businesses Review
Both Equifax and Experian have business credit reports. Your small business cards will almost always report there.
Check Creditboards.com for more info on business credit http://creditboards.com/forums/index.php?showforum=27
Author: Sporty
Posted: Sun Jun 25, 2006 8:57 pm
Post subject: Credit Cards For Businesses Review
Quote:
I believe they do post to your personal credit report. For small businesses, the credit cards are always tied to a person rather than to just the business. Since incorporating can become a liability shield, credit card companies know if a company runs up a bunch of debt and goes bankrupt, they can't go after the owners unless they tie the credit to a person, and not a business.
They may be tied to the business, I'm not sure in what way, but they're definately tied to a person.
Some business cards require a personal guarantee, some don't. Some will pull your personal credit when applying, and some won't. Depends on the card and also if your business has established credit for them to issue the card solely tied to the credit of the business.
Author: fire3000
Posted: Mon Jun 26, 2006 8:43 pm
Post subject:
I was approved for a Chase business card even though I did not state a business name on the application. I use it as a personal card and it is shown on my Equifax report just like my other cards.
Author: BigDog
Posted: Mon Jun 26, 2006 11:42 pm
Post subject: Credit Cards For Businesses Review
have had a Cap 1 business card for years. They don't report anywhere.
At least not for me.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Sun Jun 25, 2006 7:57 pm
Post subject: Business Credit Cards
(Business Credit Cards) I know they don't post it to your personal credit report....But where do they post it to....If you have Business Credit Cards do other credit card companies have access to those records? If someone has knowledge about Business Credit Cards and how that side works please post....
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: tonyb
Posted: Sun Jun 25, 2006 8:35 pm
Post subject:
I believe they do post to your personal credit report. For small businesses, the credit cards are always tied to a person rather than to just the business. Since incorporating can become a liability shield, credit card companies know if a company runs up a bunch of debt and goes bankrupt, they can't go after the owners unless they tie the credit to a person, and not a business.
They may be tied to the business, I'm not sure in what way, but they're definately tied to a person.
Author: vasili123
Posted: Sun Jun 25, 2006 8:39 pm
Post subject: Credit Cards For Businesses Review
They don't post it to your personal credit report. I have plenty of Business Credit Cards I just want to know if they post it somewhere else, and if credit card companies have access to how much business credit you have. Basically, I wanna know how that side of credit works.
Author: Sporty
Posted: Sun Jun 25, 2006 8:46 pm
Post subject: Credit Cards For Businesses Review
Both Equifax and Experian have business credit reports. Your small business cards will almost always report there.
Check Creditboards.com for more info on business credit http://creditboards.com/forums/index.php?showforum=27
Author: Sporty
Posted: Sun Jun 25, 2006 8:57 pm
Post subject: Credit Cards For Businesses Review
Quote:
I believe they do post to your personal credit report. For small businesses, the credit cards are always tied to a person rather than to just the business. Since incorporating can become a liability shield, credit card companies know if a company runs up a bunch of debt and goes bankrupt, they can't go after the owners unless they tie the credit to a person, and not a business.
They may be tied to the business, I'm not sure in what way, but they're definately tied to a person.
Some business cards require a personal guarantee, some don't. Some will pull your personal credit when applying, and some won't. Depends on the card and also if your business has established credit for them to issue the card solely tied to the credit of the business.
Author: fire3000
Posted: Mon Jun 26, 2006 8:43 pm
Post subject:
I was approved for a Chase business card even though I did not state a business name on the application. I use it as a personal card and it is shown on my Equifax report just like my other cards.
Author: BigDog
Posted: Mon Jun 26, 2006 11:42 pm
Post subject: Credit Cards For Businesses Review
have had a Cap 1 business card for years. They don't report anywhere.
At least not for me.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 4:10 PM
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