Frequently Asked Questions (FAQ)

BUSINESS Credit FAQ

Q: 

WHAT IS A BUSINESS PROFILE

A:

The business profile is designed to be an overview of your business and the business plan. It should provide readers with a quick overview of your business, including your values and objectives, so they can get an immediate feel for what you're doing and where you're going.

 

Q:

WHY IS BUSINESS CREDIT IMPORTANT?

A:

Banks, lenders, and suppliers rely on business credit reports to assess the creditworthiness of a company. With strong business credit, you create a safety net for your business so you should have no trouble gaining access to the business funding you need.

 

Q:

WHO REPORTS BUSINESS CREDIT?

A:

Major business credit reporting agencies Dun & Bradstreet, Experian, and Equifax produce business credit scores and reports. FICO scores for small businesses are known as “FICO SBSS

 

Q:

WILL BUSINESS CREDIT AFFECT YOUR PERSONAL CREDIT?

A:

Once you have a business credit card, the way you use the card could affect your personal credit score. If your credit card issuer reports business card activity to the consumer credit bureaus, your balances and payment history could become part of your personal credit history

 

Q:

WHEN TO USE BUSINESS CREDIT?

A:

A business credit card can be used as a credit-building tool, allowing your company to qualify for other, less costly financial help, such as a small business loan.

 

Q:

CAN BUSINESS CREDIT HELP PERSONAL CREDIT?

A:

A business credit card can help or hurt your personal credit score. ... Nearly all business credit cards require a personal guarantee, and some will even report your account activity on your personal credit report

 

Q:

ARE BUSINESS CREDIT CARDS WORTH IT?

A:

Bottom line. While you might think that your business is in the early days and you don't need a credit card, business credit cards can provide important benefits to your company, including rewards for free travel, expense management, and credit to grow your business

Q:

WHICH SECURED BUSINESS CREDIT CARDS REPORTS TO D&B?

A:

The only secured business credit card that reports to D&B is the Wells Fargo Business Secured Mastercard.

Q. 

What is Business Tradelines?

A. 

A business tradeline is a credit account between a business a vendor. ... Like other small business credit options, they include information from vendors who report to commercial credit reporting agencies. For example, a vendor account with net-30, net-60, or net-90 terms or AU

 

Q. 

How to get avail Tradelines?

A. 

For tradeline packages, you may email creditbuilder@hersecretvault.net subject line should be  business Tradelines