Sentences with phrase «even stronger business credit profile»
If they don't report, your good credit behavior with them doesn't do anything to help you build an even stronger business credit profile.
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This can be challenging for many businesses, particularly for earlier stage businesses that haven't established a strong profile yet, but it not only doesn't build your business profile, it could even hurt your personal credit score.
Using your personal credit doesn't do anything to help you build a strong business credit profile; and the higher balances (increasing the ratio of available credit to the credit used) may even hurt your personal score.
This can be challenging for many businesses, particularly for earlier stage businesses that haven't established a strong profile yet, but it not only doesn't build your business profile, it could even hurt your personal credit score.
Using your personal credit doesn't do anything to help you build a strong business credit profile; and the higher balances (increasing the ratio of available credit to the credit used) may even hurt your personal score.
The objective of building business credit is to have a business credit profile (similar to your personal credit reports) that is strong enough to get you the credit lines that you need right now and even funding that to grow and scale your business.