Is a business credit history different than personal credit history?
Aug 10, 2009
in
Business Line Of Credit
the reason i ask is i applied and was approved by capital one and they gave me a business credit line of 0!!. with a apr of 23%!! My personal credit score is over 750. for 10 yrs i pay my balances in full. I have a personal credit line of ,000 and i own two homes paid in full?
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One comment
bdancer222 on August 10, 2009 at 2:12 am
A business account is different than a consumer account. It should not show up on your credit report at all. A business account is not subject to FCRA and FDCPA. The account should be based on the credit worthiness of your business, not your personal credit.
A $500 limit with a 23% APR seems like a pretty sad business account.