Course: What is credit?
8 minute read
A tale of two credit histories
As an individual, you have a personal credit history that may or may not be separate from that of your business. In many cases, when you start a business, your personal and business credit are interchangeable.
However, as your business grows, it’s a good idea to look at incorporating your business to keep your personal and business finances separate.
Understanding the difference between personal and business credit can help you keep both in good standing and maintain a reputation as a reliable borrower.
