Sentences with phrase «personal credit ratings»

Because many small business owners personally guarantee some of the business credit cards and loans, business credit can appear on a consumer credit report, thus affecting personal credit ratings as well.

So, make sure that you pay other bills on time and maintain a good personal credit rating as this will help you get lower car insurance rates.

Most business credit cards will require an excellent personal credit rating.

Just like employers often check personal credit ratings, vendors and suppliers may check your business credit before deciding how long your invoice period will be.

The way it was explained to me was that some people with great personal credit ratings start new businesses, and the lack of a banking history means the business itself is denied credit.

Transunion, one of the nation's three large personal credit rating agencies, reported that at the end of the second quarter average consumer card balance in the state was $ 4,933 compared to the nationwide average of $ 5,247.

Banks are currently looking for personal credit ratings in the high 600s and up.

Federal Parent Loans Otherwise known as PLUS loans are student loans that are not reliant on your earnings, but lenders do take into account personal credit ratings.

TransUnion, a company that is usually associated with tracking personal credit ratings may also have access to business credit scores.

In turn, consumers are paying off their card balances more determinedly and drawing down less of their credit limits, one of the paths to improved personal credit ratings,» said Michael Gregory, Head of U.S. Economics, BMO Capital Markets.

TransUnion, one of the three personal credit rating agencies in the U.S., has names for the traits.

Fortunately, thanks to new offerings, business owners who balk at the idea of letting their businesses influence their personal credit ratings now have other options, such as debit cards or secured cards.

Protecting your personal credit rating.

Often, small - business owners don't consider how their company can affect their personal credit rating, says Bill Collier, author of How to Succeed as a Small Business Owner... and Still Have a Life (Porchester Press, 2006).

It's best to wait to start your business until you have the funds you need in place rather than crippling your new business financially and perhaps ruining your personal credit rating.

Business owners who have a personal credit rating below 500 will have difficulty being approved for a payroll loan unless they can produce a cosigner with a higher credit score.

Whyte says that personal credit ratings, or FICO scores, are becoming more important in the US dating world, and the rating system is arriving in Australia.

The best way to acquire such a loan is to ensure that your personal credit rating is good, and you have a solid business plan to go with it.

Business owners who have a personal credit rating below 500 will have difficulty being approved for a payroll loan unless they can produce a cosigner with a higher credit score.

Just starting a limited liability company is often enough to start getting promotional offers from small business credit card providers almost irregardless of your personal credit rating.

As the world moves to an ever - increasing emphasis on digital communications and electronic interactions, our personal credit ratings are going to take on even more importance.

Unlike a small business loan, terms for a merchant or business cash advance can vary from company to company based on a lot of factors such as, personal credit rating, type of business, and how long you have been open.

When you're applying for a credit card, personal loan, car loan or mortgage, it's your personal credit rating that banks consider.

If I am on the managing board of a company which declares bankruptcy, will it affect my personal credit rating?

This will allow you to make a clean break from a failed business, although your personal credit rating will be impacted negatively for seven years.

And how much does your personal credit rating factor into it all?

Small business owners who co-mingle personal credit with business credit run the risk of ruining both business and personal credit ratings should default occur.

You may still be approved even if your personal credit rating is not so hot.

I thought I had a very good handle on the subject of a business credit rating and personal credit rating, but writing this article has muddied by thoughts a little.

It depends on your Age, Driving Record, Your Zip Code or Region, Personal Credit Rating and the vehicle type.

Your personal credit rating is an important factor in determining what you will pay for auto insurance, and even your eligibility for certain types of coverage.

You should also think about the effect that any joint debt could have on your personal credit rating.