Author Topic: Does a high balance on a business credit card lower your FICO score?  (Read 1364 times)

Offline DAVID555

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Does a high statement balance on a business credit card lower your FICO score?  Thank you in advance!

Offline Avid Reader

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Re: Does a high balance on a business credit card lower your FICO score?
« Reply #1 on: March 21, 2011, 08:01:13 PM »
Does a high statement balance on a business credit card lower your FICO score?  Thank you in advance!

Generally, business credit cards do not report to your personal credit reports, so it will not affect your FICO. I've seen reports online that delinquent business accounts were hitting personal credit reports, but not when paid on time.

That said, business credit reports do exist, and I know from personal experience that AMEX has been using them even when granting credit for personal cards.

Offline DAVID555

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Re: Does a high balance on a business credit card lower your FICO score?
« Reply #2 on: March 21, 2011, 11:15:24 PM »
Thank you very much "Avid Reader."

Offline Avid Reader

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Re: Does a high balance on a business credit card lower your FICO score?
« Reply #3 on: March 22, 2011, 01:43:16 AM »
Thank you very much "Avid Reader."

You most welcome :)