Impact of business credit card on credit score 20 July 2018 at 5:58AM edited 30 November -1 at 12:00AM in Credit Cards 3 replies 552 views

99rb99

Hi Guys, I'm worried about my personal credit score. I want to apply for a business credit card, and I need about £3000 of available credit on it. But I am worried that this will show up on my personal credit-score file as an extra debt, even though it is linked to my business. As that could look bad to lenders, by the time I've added on my own personal debts.

Does anyone have any ideas? Surely things bought through a business via business loans/credit cards don't show up on your personal records, is that correct? Any advice would be great.

The £3000 wouldn't be paid back within the same month, it will probably take about 3-4months to clear it, which is why I have a concern about it showing up on my personal credit file records.

zx81

Whilst you don't have a personal credit score, any business accounts should be aseparate entity from your credit files, as long as it is genuinely in the name of the business.

Is it a proper business - ie registered?

antrobus

If the credit card is in the name of 99rb99 Plumbing Limited (or whatever) then it won't appear on the credit record of Mr Joe 99rb99.

bengalknights

If your a limited company a personal credit file is unrelated to a business credit application