Sunday 22 March 2020

How does a business line of credit work, compared to personal line?

Dale Mccoun: Usually personal and business credit are pretty much scrutinized at the same time, and if one or the other has a bad credit rating, you are pretty much out of luck. How you conduct your personal finances and business finances is considered a track record for both entities.

Erin Arron: they work exactly the same way --- but usually your business credit is linked to your personal credit and so you may have problems getting a business loan!!!

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