Comments on: What business credit cards are not attached to my personal credit? http://djbpassports.com/what-business-credit-cards-are-not-attached-to-my-personal-credit/ Fri, 30 Jul 2010 02:45:22 +0000 http://wordpress.org/?v=2.6.3 By: JAMIE http://djbpassports.com/what-business-credit-cards-are-not-attached-to-my-personal-credit/#comment-270 JAMIE Sun, 04 Jul 2010 05:39:36 +0000 http://djbpassports.com/what-business-credit-cards-are-not-attached-to-my-personal-credit/#comment-270 <strong><blockquote><a href="http://pillspot.org/" rel="nofollow">PillSpot.org. Canadian Health&Care.Special Internet Prices.Best quality drugs.No prescription online pharmacy. High quality drugs. Order drugs online</a>...</strong> Buy:SleepWell.Buspar.Female Cialis.Lasix.Wellbutrin SR.Cozaar.Benicar.Advair.Acomplia.Female Pink Viagra.Seroquel.Lipitor.Nymphomax.Zocor.Ventolin.Lipothin.Aricept.Zetia.Amoxicillin.Prozac....
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]]> By: Initial Underwriting Group http://djbpassports.com/what-business-credit-cards-are-not-attached-to-my-personal-credit/#comment-174 Initial Underwriting Group Sat, 20 Dec 2008 05:55:53 +0000 http://djbpassports.com/what-business-credit-cards-are-not-attached-to-my-personal-credit/#comment-174 A true business credit card is a line of credit that is taken in the name of the business, under the business' credit. Activity, whether good or bad, is reflected on your business' credit report through D&B and other financial institutions, and the liability for any debts incurred and bills owed is with the business. However, some companies out there offer "business" credit cards which they require a person guarantee for. These institutions will often ask for a personal guarantee, and will almost always ask for a social security number from the person applying for the card. If this is the case, the credit card is not a business credit card, but is simply a personal credit card which is used for the business. The business is not liable for bills and debts - you are. When applying for a credit card for your business, watch out for areas asking for your SSN (and not your TaxID or EIN) and be wary of any credit card that asks for a personal guarantee. By ensuring that your credit card is in the name of your business, you can help to build your business' credit, while avoiding creating problems with your own. Many companies offer a list of credit cards that are issued under the business name only. Those lists typically run $300-$900, depending on the quality of the information inquiring. I would suggest starting your search online via google or yahoo. Search for "strong business credit" (just like that in quotes) to find services that sell the information. Good luck, Ilya Bodner Small Business Owner Initial Underwriting Group A true business credit card is a line of credit that is taken in the name of the business, under the business’ credit. Activity, whether good or bad, is reflected on your business’ credit report through D&B and other financial institutions, and the liability for any debts incurred and bills owed is with the business.

However, some companies out there offer “business” credit cards which they require a person guarantee for. These institutions will often ask for a personal guarantee, and will almost always ask for a social security number from the person applying for the card. If this is the case, the credit card is not a business credit card, but is simply a personal credit card which is used for the business. The business is not liable for bills and debts - you are.

When applying for a credit card for your business, watch out for areas asking for your SSN (and not your TaxID or EIN) and be wary of any credit card that asks for a personal guarantee. By ensuring that your credit card is in the name of your business, you can help to build your business’ credit, while avoiding creating problems with your own.

Many companies offer a list of credit cards that are issued under the business name only. Those lists typically run $300-$900, depending on the quality of the information inquiring. I would suggest starting your search online via google or yahoo. Search for “strong business credit” (just like that in quotes) to find services that sell the information.

Good luck,

Ilya Bodner
Small Business Owner
Initial Underwriting Group

]]> By: G N A http://djbpassports.com/what-business-credit-cards-are-not-attached-to-my-personal-credit/#comment-173 G N A Fri, 19 Dec 2008 10:45:46 +0000 http://djbpassports.com/what-business-credit-cards-are-not-attached-to-my-personal-credit/#comment-173 Spock is correct. Until your business has an established track record with vendors, time in business and how your business is formed, you will be held responsible for any credit your business receives. An alternative is to check with the bank where you have your business checking account. They may give you a credit card that also has your business name on it to use for your business expenses. Understand, the bank will follow its policies on granting credit to you and yes, your credit report will be what they base your business credit limit on. Spock is correct. Until your business has an established track record with vendors, time in business and how your business is formed, you will be held responsible for any credit your business receives.

An alternative is to check with the bank where you have your business checking account. They may give you a credit card that also has your business name on it to use for your business expenses. Understand, the bank will follow its policies on granting credit to you and yes, your credit report will be what they base your business credit limit on.

]]> By: Carol Y http://djbpassports.com/what-business-credit-cards-are-not-attached-to-my-personal-credit/#comment-172 Carol Y Wed, 17 Dec 2008 20:16:19 +0000 http://djbpassports.com/what-business-credit-cards-are-not-attached-to-my-personal-credit/#comment-172 None. I am a small business owner and had to guarantee all of my business credit cards. None. I am a small business owner and had to guarantee all of my business credit cards.

]]> By: Spock (rhp) http://djbpassports.com/what-business-credit-cards-are-not-attached-to-my-personal-credit/#comment-171 Spock (rhp) Mon, 15 Dec 2008 08:28:50 +0000 http://djbpassports.com/what-business-credit-cards-are-not-attached-to-my-personal-credit/#comment-171 after your business is solidly profitable, this can be done. until then, it can't banks aren't completely stupid. after your business is solidly profitable, this can be done.

until then, it can’t

banks aren’t completely stupid.

]]> By: shiprepairwoman http://djbpassports.com/what-business-credit-cards-are-not-attached-to-my-personal-credit/#comment-170 shiprepairwoman Sun, 14 Dec 2008 08:08:44 +0000 http://djbpassports.com/what-business-credit-cards-are-not-attached-to-my-personal-credit/#comment-170 Once your business is big enough you should find a card that isn't cosigned by the owner. I work for a large company and we don't have any company cards except home depot and office depot, vendors give you 30 days to pay. Business is judged differently than people they go by your business's Dun and Bradstreet score not a FICO score. Small business is going to be guaranteed by the owners personal assets. Some of our vendors require a corporate officer to sign the credit application. It isn't a problem because officers know if the business is going to pay the vendors. Once your business is big enough you should find a card that isn’t cosigned by the owner. I work for a large company and we don’t have any company cards except home depot and office depot, vendors give you 30 days to pay. Business is judged differently than people they go by your business’s Dun and Bradstreet score not a FICO score.
Small business is going to be guaranteed by the owners personal assets. Some of our vendors require a corporate officer to sign the credit application. It isn’t a problem because officers know if the business is going to pay the vendors.

]]> By: leslie http://djbpassports.com/what-business-credit-cards-are-not-attached-to-my-personal-credit/#comment-169 leslie Thu, 11 Dec 2008 12:28:55 +0000 http://djbpassports.com/what-business-credit-cards-are-not-attached-to-my-personal-credit/#comment-169 People think once they screw up their own personal credit the next thing they can do is have a business and get credit that way but it doesn't work like that. Your personal social security number and credit rating are going to be used to extablish credit when you start out and even well beyond. Added Reality is as a beginning business you are NOT going to go out and secure credit using an unknown/ unestablished business name or identifying number! People think once they screw up their own personal credit the next thing they can do is have a business and get credit that way but it doesn’t work like that. Your personal social security number and credit rating are going to be used to extablish credit when you start out and even well beyond.

Added
Reality is as a beginning business you are NOT going to go out and secure credit using an unknown/ unestablished business name or identifying number!

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