Office Supply News Blog June Archive blog.topic  

Business Credit is Different than Personal Credit

By News Minder at 06/18/08 10:15

I recently found out that to have good business credit is much simpler than having good personal credit. When I went for a loan on my house, it was a much more in depth process than when I applied for a loan for my business. They said that the only factors that play into good business credit are whether you pay your payments on time and meet the creditors terms. Pretty simple.

I learned that the scale for business credit is from 0 to 100 with 80 being a great score. Anything below 80 means that you have not been paying on time. To read more about business credit visit, Business credit scores: What they are, how to boost yours.