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Small Business Owners & Entrepreneurs

flamin lib

(14,559 posts)

1. Credit scores are based on a number of criteria.

Reply to Cal Carpenter (Original post)

Fri Feb 19, 2016, 01:50 PM

Feb 2016

Total credit available.

% of available credit used.

Number of accounts. More is better unless you apply for a lot of then close together.

And "negatives" which include new credit inquiries, missed/late payments and such.

I think using the card and paying it off would be the better approach for FICO.

I use creditkarma.com to track my score and have signed up for some very attractive credit cards there. There are other sites but this is the one I use--YMMV. It's free and financed by the banks that offer cards through the site. It also offers advice on questions like yours.

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Question about credit cards and credit ratings for business [View all] Cal Carpenter Feb 2016 OP

Credit scores are based on a number of criteria. flamin lib Feb 2016 #1

So a business credit rating is analogous to a consumer score Cal Carpenter Feb 2016 #2

I assume business and personal accounts are treated the same but don't base decisions on MY flamin lib Feb 2016 #3

Yeah, when we decided to do this, we committed to keeping it on a scale that Cal Carpenter Feb 2016 #4