Houston Credit Repair expert Vanessa Perry explains how business and personal credit are different and can effect one another in the latest episode of Ask Impeccable below.
Do you need personal credit to establish business credit?
It is more beneficial in the long term to establish your personal credit before your business credit. If you establish your business credit first you will hit a brick wall in the building process. They are entirely two totally different methods and do not work the same at all. We suggest starting with your personal credit in order to be a personal guarantor for your business credit when it comes to larger sums of funding.
Where do I️ begin?
As suggested above begin with making sure your credit is Impeccable. An impeccable credit score is 750+. With a high score you will be qualified at the best rates and be able to get approved for high dollar funding programs. Business credit is a completely different animal in itself. Make sure when you do business credit you realize that the rules for personal credit do not apply. It is easiest to find a company that does both personal and business credit. When dealing with a credit repair company make sure they have experience and a plan. Good rule of thumb it typically takes 6-12 months to repair personal credit and business credit is at your pace.
Houston Credit Repair
Impeccable Credit Services has been in business for 18 years with two physical locations. You will have a custom plan established to fit your goals and credit needs. We have both business and personal credit programs. You will have 24/7 access to an online portal where you can see what is going on with your file at all times. Our staff is small by design. You will always know who is working on your file. If you have any questions regarding credit repair please feel free to contact us directly 713-378-1500.