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Great News, Business Credit Has No Impact on the Business Owner's Personal Credit
When done properly, business credit is obtained without the SSN being supplied on the application.
This means there is no credit check from the business owner to get approved. This also means that anyone who has bad, even horrible personal credit can still be approved for business credit.
Reports to the business credit reporting agencies, not the consumer reporting agencies.
So as it has no adverse impact on the owner's consumer credit because it's not reported to consumer agencies.
This means utilizing the account, even over 30%, won't have any adverse impact on the personal scores.
And there are no inquires on the personal credit when you apply for business credit as long as you don't supply your SSN.
30% of your total consumer score is based on utilization, so if you use your personal cards for your business and if you use those cards you will lower your scores. Using more than 30% of your limit WILL result in a score decrease
So if your limit is $1,000, having a balance above $300 lowers your scores. This means 40% of your total score is damaged. With true business credit, 0% of your score is affected.
10% of your total consumer score is based on inquiries, so if you are using your personal credit to apply for business loans and credit, your scores will go down as a result of those inquiries.
Plus, those inquiries can remain on your for an extended period of time affecting your ability to borrow more money.
And some unsecured business lending sources won't even lend you money if you have two inquiries or more on your personal credit reports within six months.
The credit doesn't report to the consumer agencies, so neither inquiries nor utilization have any effect on your consumer scores.
How to Devalue Your Business
Anyone who has sold or bought a business will tell you of the importance.
All potential buyers can easily obtain extensive information about your business, just by obtaining your business credit report... that anyone who wants it can get.
This means they'll quickly know details about your business including:
• Credit scores
• High credit limits
• Past payment performance
• Employees
• Revenues
And much more...
Now that you know how easy extensive credit and financial information is to get for a company, if you were a buyer wouldn't you get it?
Based on what's on your business credit report, would you want to buy your company?
Does your report reflect that your company is "established", does it show that you pay your bills, do you look like a successful company from your report?
If you could choose from two companies to buy that were the same in every way except business credit, which one would you buy...
... The one with a very limited or no credit profile... or one with a credit profile that reflects good payment performance, and one with available credit.
AETNA HEALTH INSURANCE
Aetna Health Insurance Company started its operation since 1850. They are dedicated in helping individuals achieved security in terms of health and financial. Aetna provides its members useful information to help them decide which insurance works for them. They provide insurance for employers around 50 states of America. Aetna's customers are mostly employers, individuals, students, and hourly or part-time workers. Their products and services include medical, dental, vision, disability, pharmacy, life, student, pet and behavioral health.Aetna Health Insurance gives affordable coverage. From their wide range of services available, for sure there is one that's right for you. Aetna will even help you to choose a plan that's best for you. You will get help in accessing whatever care you need. Whatever the situation maybe, you will be assured that Aetna will provide you the help that you need in order to live a healthier life and in getting the most of your health dollars. You can even cover your pet in their Pet Insurance. Like any of your family members, animals also have health needs. It will let you manage your cost in treating your pet's injuries and illnesses. Included in pet insurance policies are lab test, surgery and visit to a licensed veterinarian and specialists.
Aetna Health Insurance has a symbol of AET at NY Stock Exchange. They have over 19 million members for medical, 14 million members for dental and 11 million pharmacy members. At present they have more than 920,000 health care professional, 528,000 doctors and specialist and 5,112 hospitals. They have been recognized worldwide and have been named by Fortune magazine as the Most Admired Company for Health Care. Some other awards they have received are: 2008 CRO's 100 Best Corporate Citizens, 2008 Health Literacy Awards, first in Payer View Rankings 2008, 2007 Behavioral Health Awards, Corporate Leadership Award, 2006 Innovation Award, 2004 HERA Award and more.
