does personal credit matter when getting a business credit card?
925393
Yes it does.  Most companies tie in a credit check when authorizing a CC in an employee's name.  \n\nWould you, as a business owner, give an employee access to a company CC if they can't handle their personal finances?  They have less concern, especially if it's not their money.  Also, an employee with bad credit could abuse the company CC by paying for unauthorized items for personal use.  \n\nMost CC's I have gotten have the employee sign that the card is to be used for official company business only.  One I had allowed me to use it for anything I wanted, and turn in an expense report for the company purchased items so I could pay the bill.  So if I charged $500, and $200 was for the company, I would be personally responsible for the $300.  That way they can verify the company purchases immediately.
495874
i do not think a persons credit should matter about you as a employee.. but i guess it will depend on the kind of work you are seeking...it may though cause i got a credit report in the mail the other day and all i am trying to do is get low income housing... i really do not have credit at all...so i do not know what to think of it anyway...hopefully though you will get the job,,, in my opinion you should.. if you exceed there requirements, that should make a good impression right there..
230541
Premier Bank and Orchard Bank offer credit to people like us.  \n\nOne needs a credit card for lots of things.  Can't rent a car without a credit card.  We all don't want to be neanderthals walking around with everything we own in our pockets.
1077715
There is something called "Universal Default" that you need to be aware of.....If an individual screws up on one credit card and another credit card finds out, they can and will shoot up your interest rate in a flash.  It's not enough to protect the standing of just one credit card anymore.  \n\nUnless your business was created properly, via an LLC, you and your "married" assets are vulnerable.    You need an attorney for Chap11.
567312
Having a history of good, revolving credit (finger hut, Mervyns, Sears, JC Penney) will help you.  Just use it.  If you buy one thing, once, that won't really help.  I got a card at Mervyns and bought maybe one item every three months.  It helped me.  I had a great credit history but "lack of revolving accounts".
1127247
A combination of many factors. To start, marketing is one of the main reasons for personal debt because several companies market their products in a way that is irresistable to customers (e.g., no money down, no interest for 12 months). In addition, as customers we are constantly demanding more, therefore, companies respond by selling us more of what we want. So if you really try to look into the problem objectively, you have no one to blame but yourself. Nobody forced you to buy on credit, to "want" things you don't really "need", to compare yourself to your neighbors. You have to take responsibility for your own actions. It's always easier to find someone else to blame it makes us all feel better. It's harder to admit that we are responsible adults who must get used to making responsible decisions. Next time you get a credit card offer, shredd it. Next time you go shopping for something, ask yourself "do I really need that? Can I live without it? Can I afford it?" then make your decision after you answer those questions. I hope my answer was somewhat helpful. Good luck!
831936
If it's tied to a business, it shouldn't show up on your personal credit account.  However, If it's a small business, the credit company may use your personal background to assess credit risk.
753343
A credit card give you credit. That means that you do not have to pay your bills fully and you can carry a balance. You will be charged an interest on the balance that you carry. This is one of the ways that credit card companies make money.\n\nA charge card on the other hand, requires that you pay your bills in full. That means that you cannot carry a balance. The most famous charge card is the American Express Rewards Gold Card.\n\nCharge cards have an annual fee because the issuers cannot make money from cardholders carrying a balance.\n\nShould you get a charge card or credit card. Well, if you need credit and carry a balance occasionally, getting a credit card makes sense as most do not have annual fees. Though a charge card has annual fees and does not allow you to carry a balance, they have very good reward programs. For example, the Membership Rewards from American Express and Diners Club Rewards are perhaps the best reward programs around.
95835
It is possible to get a loan if your credit is bad. If you have a good idea, and your business proposition makes sense you could get private lenders to help you. Private lenders may be more expensive, and sometimes upfront fees apply. Private leneders tend to work with you, regardless of your credit.
877732
Avoid this one like the plague as well.  It's a racket, it isn't a real credit card at all.  They only thing you can buy is overpriced junk from their catalog.  For that dubious privileged they charge you for the "card" and charge you a monthly fee.\n\nSave your money.  It isn't going to help your credit in the slightest.\n\nAnd yes, you will have to pay a shipping fee as well for items you purchase.
4125
it depends. From what I know, a store credit card is considered the same as a bank card (for your credit history). At any point it is good to have around 2-3 such cards open. any more or less, and you risk being considered as not such a good credit risk
1109930
Yes,any financial institution that would extend a business line of credit,relies on the applicant credit background,since this gives an idea of how reliable the business owner is.....
723984
For personal what? You mean a personal ad? Some newspapers allow you to pay upfront with cash. Online personals require a credit card for monthly billing.
478148
If you can get a merchant account directly from your bank, do it. They offer the lowest rate compared to other merchant account providers -- even COSTCO. It's a little tougher and banks have more stringent requirements (some even require for copies of the business plan, while some outright denies merchant application of home-based businesses).
1080162
You may find a tough time getting a loan from financial institutions with poor credit, even from SBA. SBA requires a number of factors to avail of their loans, and one of them is good credit history (see SBA Basic requirements http://www.sba.gov/financing/preparation... )\n\nIf you cannot get loans, try to get a loan from your parents, family and friends. If they cannot give you any, use your credit card. Credit card requires no collaterals but are an expensive source of funds. \n\nOtherwise, either downscale your plans and amount of capital needed; or wait until your financial situation improves.
1105438
I agree with the other answerer, but wanted to add a few suggestions on HOW to build the BUSINESS credit too.\n\nThere are companies that can help you build credit simply by using them.  First apply fora  credit line using your own info., then just order what you need.  Try companies like Staples and OfficeMax for supplies, ordering online and placing a CoD type order.\n\nOf course you will need utilities and and telecommunications, be prepared to put down a slightly larger deposit though having no credit for the company at all.\n\nYou may check with the small business development branch of your city or state and see if they have some programs or tips for you as well.
905631
Ask your Bank to give a Bank Guarantee for the average or maximum amount due from you at a time. Thereafter, ensure that every payment goes to the company in correct time...neither too early nor one hour late. This builds up a FINE CREDIT HISTORY FOR YOU/YOUR FIRM.  you WILL BE ON YOUR WAY TO THE GOLDEN PATH OF ASSURED CREDIT FOR ALL YOUR BUSINESS DEALS.  PLEASE DO NOT DO THIS AS A TRICK. DO IT AS AN ARTICLE OF GOOD FAITH AND PART OF YOUR CHARACTER!