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Personal creditu vs business credit
missycj
Posts: 2 Newbie
Hi. I was just wondering. Does your personal credit affect your business credit?
0
Comments
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Hi missycj and welcome to MSE,
It will depend how you have set up your business. If you are a sole trader then the business is not actually separate to you as an individual, so any searches for credit are done on your personal credit file.
If you are a limited company then the company has its own credit file that is separate to yours. It shouldn't affect you, however, the director will often be checked alongside any applications the limited company makes for credit.
Laura
@natdebtline.We work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps0 -
Thank you Laura for your help.0
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