Business credit and personal credit might sound similar, but they serve very different purposes and follow different rules. In this video, we’ll break down the key differences between business and personal credit, how they’re reported, who can access them, and how they impact your business’s Fundability®. You’ll also learn how business and personal credit scores differ and why both are crucial to your company’s financial health.
Understanding these differences is essential for protecting your business and ensuring its success. Stay tuned for more tips on managing your business credit effectively!
Key Points:
– Definitions and purposes of business credit vs. personal credit.
– Key differences in reporting, access, and legal protections.
– How business and personal credit reports differ, including creditor details.
– Differences in credit score calculations and ranges.
– The impact of both business and personal credit on Fundability®.
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