Because of the current economy my small business, which is incorporated is unable to make payments on its credit lines. Will it effect my personal credit score if payment are on late on a corporations Credit line?
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can my company's corporate credit score effect my personal credit score?
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3 Responses to “can my company's corporate credit score effect my personal credit score?”
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No. You and your corporation are seperate legal entities.
But you need to find a way to generate some money or else you might fall behind on your personal payments.
You can use this credit monitoring service to pre-estimate future scores for different scenarios of such payments – credit-report-score.10001mb.com
No… that doesn’t affect your personal credit score.
http://www.creditrepairinfo.com