Do you have a question about consumer credit? You may find an immediate answer by using the search engine. If you can't find what you're looking for, please fill out the form, being as specific as possible.
Please note: The Ask Experian team cannot respond to each question individually. However, if your question is of interest to a wide audience of consumers, the Experian team will include it in a future column.
The information contained in this column if for educational purposes only and is not legal advice. You should consult your own attorney or seek specific advice from a legal professional regarding your particular situation.
Please understand that Experian policies change over time. Column responses reflect Experian policy at the time of writing. While maintained for your information, archived responses may not reflect current Experian policy.
Topics addressed on May 13, 2009:
Balances on business credit cards could impact your personal credit report
Do balances on my business credit cards affect my personal credit scores?
Balances on business credit cards could affect your credit scores if your name is on the card instead of the name of your business.
If the account is in your name and you are responsible for payment, then it very likely will appear in your personal credit report. If so, the history of the account, including any payment problems, would be included in any credit score calculation Even though your business may ultimately reimburse you for the charges, you are still personally responsible for making the payments and for making them on time.
However, if the account is only issued to the business and they make the payments, there is a good chance that is would appear only on the business credit report. In that case, it would have no impact at all on your personal credit scores.
The best way to find out is to get a copy of your credit report. If you find it on your personal report, it will affect your personal scores. If it’s not there, you don’t have to worry about it.
Thanks for asking.
- The "Ask Experian" team