Do you have an established corporate credit profile?
If you don’t, you may be wondering what the big deal about creating one.
“I’ve got great personal credit, I have like 8 credit cards ready to go right now – what’s the biggest benefit of using corporate credit?”
We hear this question quite often.
Simply put: a corporate credit profile can protect your personal credit.
If you’ve got a good thing going – you don’t want to ruin it, right?
Instead of explaining this with text – just take a look at the charts below.
Below is a 1-year line graph of one of our student’s FICO scores. Can you see the period where she nearly maxed out ~$100,000 worth of business credit cards?
Just for fun – try and guess when she carried the balance…
-Scroll down for the answer-
Okay… Ready?…
Time’s up.
Were you able to identify the time frame?
It was almost 3 months that she carried nearly $100,000 in debt and yet…
Her FICO score barely moved! (She paid it off the beginning of August)
In fact, she never even went below an 800! Pretty incredible, isn’t it?
That’s because with a true corporate credit profile, that credit does NOT appear on the owner’s personal credit. This is one of the best kept secrets in small business finance.
Later in November, she maxed out again with $130K but still – her FICO barely budged at all…
You could NEVER carry that high of a balance on a personal credit card and not dramatically reduce your credit score!
That’s the power of using a separate corporate credit profile.
You never have to worry about destroying your personal credit score while funding your business!
If you’re ready for a program that’ll take you step-by-step through the process of establishing an excellent corporate credit profile for your company quickly and…
help you get $100k+ in credit for your company in 6 months or less…
Learn More About Corporate Credit Secrets
If you have any lingering questions about Corporate Credit Secrets – you can reach out to us at [email protected].
Ever wonder what expenses you should never put on your business credit? We’ll be unpacking this in tomorrow’s post so keep a lookout for it.
Your friends in finance,
Private Wealth Academy
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