Actually, this is very common. Many business owners comingle business and personal credit during the start up phase of their business. The key is what are you going to do about it now?

By addressing your company’s compliance and credibility, you can begin to separate your business credit and personal credit files. Keep in mind, this process take time. It does not happen overnight. The key is to follow a proven path and patiently with your Business Credit Asset Advisor as they guide you through the process of separating the two files.

One item that needs to be addressed, often clients equate separating their personal credit and their business credit with the misconception that they will never had to provide their social security number again. This is not true!

We have lending products that require a personal guarantee and some that do not, however, because of the current lending laws, even the financial products that do not require a personal guarantee will still be required to have you provide your social security number and check your personal credit report. This is to stay in lending compliance and a normal part of the lending process.

Business Credit Reports