Q&A: Is your personal credit the same as business credit?

Question by Cajun_ Creater: Is your personal credit the same as business credit?
My personal credit is horrible because of a bad marriage, separation and I live on SSI , so it is has been difficult to rebuild my personal credit.

I was wondering if business credit is the same as personal credit? Do they use the same process?

Best answer:

Answer by Robbyz3
The answer is yes and no. Many small business owners use their personal credit to run the business which is wrong. For personal credit you have Transunion, experian, and equifax. The major business credit bureua is called Dunn and Bradstreet. With D&B your business vendors (if they choose) will report and you will build a “credit score” with them. If you establish a business make sure to contact D&B and setup your business credit profile. You can and should run a business solely off of your business credit to protect your personal credit incase something goes wrong with the business (and we all know many new businesses fail) Remember, when you call D&B they are in SALES so they want you to spend as much money as you can. Use them to get information, and if you feel it necessary, purchase some of their products. Good luck.

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