Does a Business Loan Affect Your Personal Credit Score?
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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
Difference Between Personal and Business Credit
Business Loans Can Affect Personal Credit
What Personal Guarantees Are & How They Work
How to Protect Personal Finances From Business Debt
Business Structure
Business Credit Cards
How Defaults Are Resolved
Check With Your Lender
Look at Alternatives
Personal Finances Affecting Business Loans
Your business is structured as a sole proprietorship or partnership. Your business has a limited credit history. Your business has a low credit score.
Personal Credit Score
Personal Debt
The Takeaway
Frequently Asked Questions
About the Author
Lauren Ward is a personal finance expert with nearly a decade of experience writing online content. Her work has appeared on websites such as MSN, Time, and Bankrate. Lauren writes on a variety of personal finance topics for SoFi, including credit and banking.
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