Business Credit Cards

Have you signed for a credit card in the name of your business? Nevertheless, most of the banks will still hold you personally liable for your business debts. Any delayed payments or unpaid obligations in the name of your business will affect your personal credit score, particularly when you are the primary account holder on a business card. Hence you must pay off you business debts on time, if not it will be reported on your payment history which is submitted to the credit bureaus.

Mistakes

At times you may come across so some correction information posted in your credit report. For example, a person with a name similar to yours, you may find his credit expenses wrongfully added in your credit report. You should know that any incorrect information in your credit history will eventually hurt your score. Sometimes, clerical errors and typing mistake also result in unfavorable information affecting your score. Hence it is advisable for you to complete soft inquires at least once in a year and dispute for mistakes if found any.

Also Check Out: Tips for Managing Your Credit Cards