ist magazine July 2021

Feature

BUSINESS CREDIT SCORES: 6 Things Every Entrepreneur Should Know

1 Consumer and business credit reports are different. A consumer credit report is for an individual while a business credit report is for an organization, even if it’s just one person. What’s on the report varies: A business credit report has different number ranges for credit ratings, such as zero to 100. Addition ally, you won’t see a list of creditors on a business credit report like you would on a consumer credit report. p

Do you have a side hustle wondering if you should use your per sonal credit for your business? Before you do, consider your business credit score. Whether it’s a modest side gig or you’re looking to expand your small business into a full-time, multi-person venture, it’s important to understand your business credit score and how it can help you. Haven’t heard of a business credit score? You’re not alone. “What is you’re looking to grow? Are you a small-business owner

a business credit score?” is the top question we get at VantageScore from small-business owners. Our goal is to expand understanding about credit scores for everyone, and when it comes to businesses, helping empower own ers with useful information to help them make smart financial decisions. The credit experts at VantageScore Solutions share must-know info about business credit and how small business owners can establish and grow their business credit score:

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July 2021

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