The Business Finance Store Discusses How Business Debt Can Affect Personal Credit

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The Business Finance Store discusses how small business owner business credit and debt might be affecting their personal credit.

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A federal judge ruled that auto dealers who use consumer’s bad credit histories to charge higher interest rates must inform these clients of the negative information on their credit report, the Associated Press reported in an article titled "Judge: Auto dealers must reveal bad credit history even when they use third-party financier" published on May 24, 2012. This ruling further demonstrates the importance of understanding one’s credit history. This is true, not only for consumers but business owners as well. Many do not realize but their business and personal credit are more connected than they expect. In the recent blog post “How Business Debt Can Affect Your Personal Credit Score,” The Business Finance Store discusses how small business owner business credit and debt might be affecting their personal credit.

Many who take on debt to fund their business do not realize that their business debt could affect their personal credit and potentially their interest rates on things such their personal car loan. While there may be little one can do about this dilemma, understanding exactly what can affect a personal credit report is the first step toward avoiding larger issues. Read more about how business credit can affect personal credit at The Business Finance Store Blog.

The Business Finance Store is a business financing and consulting firm that offers customized Business Financial Solutions. Seasoned professionals offer assistance in a variety of financial solutions to help small businesses succeed such as: Business Financial Solutions, Legal Solutions, and Accounting Solutions.

The staff at The Business Finance Store understands that starting and growing a business is an exciting time. They keep it exciting by taking care of some of the most difficult aspects, by providing legal advice, helping with vital responsibilities like accounting & bookkeeping, and by obtaining business finance. They can quickly and easily guide entrepreneurs through many different complicated processes and put them on the path to success.

For 10 years The Business Finance Store has been helping startups and other small businesses legally structure their companies, find the right franchises, get the funding they need, and achieve the American Dream of owning their own successful business. Since expanding nationwide in 2007, they have helped thousands of companies and have funded over $60 Million in business credit lines, not including SBA loans. The Business Finance Store sees limitless potential in the current climate, and looks forward to many strong years of growth to come. Take some time to review their services, and give them a call.

For more information, or a free, no-obligation analysis of your business needs, visit The Business Finance Store website: http://www.businessfinancestore.com. A member of their professional staff will contact you to discuss your business' short and long-term goals. Whatever you need, The Business Finance Store is there.

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Kelly Rye
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