Is a business credit history different than personal credit history?
the reason i ask is i applied and was approved by capital one and they gave me a business credit line of $500!!. with a apr of 23%!! My personal credit score is over 750. for 10 yrs i pay my balances in full. I have a personal credit line of $15,000 and i own two homes paid in full?
Public Comments
- A business account is different than a consumer account. It should not show up on your credit report at all. A business account is not subject to FCRA and FDCPA. The account should be based on the credit worthiness of your business, not your personal credit. A $500 limit with a 23% APR seems like a pretty sad business account.
