Separate Business from Personal Credit

One of the most common and biggest credit mistake that small businesses, use their personal credit card to fund their business. It happens over and over again. Are you just started, and I think it just free business terms on their personal credit card. When they sit down with a lender and asked for a personal guarantee with suppliers or lenders characters, they are so eager to make a difference, that they fail to consider the long-term consequences.

And the consequences can be significant, as many have discovered recently, when they are held personally liable for company debts. "We help people protect themselves," said Sims, "moving everything revolving in sectors such as HSBC credit line. People with perhaps a smaller line to start, especially with a new business, but they can quickly increase the credit line when their payments