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Why it’s important to keep business credit separate from personal credit

January 15, 2020 by Gary Stockton

Keeping your business credit separate from your personal credit is advisable for many reasons, but mainly because of the liability. If your business ever becomes at risk, your personal credit score becomes at risk as well.

Also, maintaining separation can protect your personal credit should a financial mishap occur in the company or vice versa. By building separation between the two can help your business to grow and develop the credibility that matters to banks, lenders, suppliers, and potential partners.

Where to start? Consider applying for a business credit card in the name of the business.

Have you checked your business credit score?

Checking your business credit score is easy. Go to SmartBusinessReports.com.

https://www.youtube.com/watch?v=iqm7DJWh7rY
 

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This blog is written and managed by the team at Experian Business Information Services. Here you will find articles on business advice and credit education in addition to the latest news and trends in small business.

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