Business Credit Cards For Poor Credit
Posted by admin on July 31st, 2009 at 12:00am
Question:
How to obtain business credit cards for poor credit?
How do I get my business credit built if my credit rating is less than perfect?
Answers:
A real business credit card is a line of credit which is taken in the name of the business, basically under your business’ credit. Transactions, whether good or bad, are reflected on the business’ credit history report via D&B and other financial companies, and the liability for any debts created and bills owed is connected to the business. On the other hand, some companies out there issue business credit cards for poor credit which they need a person guarantee for. These companies will often ask for a personal guarantee, and will generally always ask for you to provide them with a social security number from the individual applying for the card. If this is the situation, the credit card is no longer a business credit card, but is merely a personal credit card which is used in the business. The business is not responsible for bills and debts – now you are. When sending applications for business credit cards for poor credit for your business, look out for areas asking for you!
r SSN (and not your EIN or TaxID) and be wary of all credit cards that request a personal guarantee of you. By verifying that your credit card is under the name of your business, you may help to establish your business’ credit, while getting away from creating problems with your own.
A lot fo companies offer a collection of credit cards that are given under the business name only. Those lists generally run three hundred to nine hundred dollars, depending on the quality of the details inquiring. I would recommend starting your search online through google or yahoo. Type in “strong business credit” to locate services that sell the details
Best ofluck
You should attempt to get a secured card.