I just started my business and have no credit for my business and my personal credit sucks thanks to a divorce.
2006-06-06 00:59:49 · 7 answers · asked by Batistafan 2 in Business & Finance ➔ Credit
The only way I know of is to get a co-signor on a loan, and re-establish your credit from there. See if your bank will work with you on a small credit-reestablishing loan as well. Most banks will, especially if you tell them your circumstances.
2006-06-06 01:02:50 · answer #1 · answered by paj 5 · 0⤊ 0⤋
Finding a co-signer will allow you to get credit and establish credit in your business.
2006-06-06 09:43:09 · answer #2 · answered by kathy059 6 · 0⤊ 0⤋
You can't "Borrow" someone else's credit. The only way you can use someone else's credit is if you are a co-signer on one of their loans or credit cards.
2006-06-06 01:51:40 · answer #3 · answered by jessigirl00781 5 · 0⤊ 0⤋
gotta love bad divorce credit huh? I dont know anything about this borrowing credit. When my uncle started his small buisness my parents co-signed for him. You can also get other small companies sometimes to co-sign for you as sort of an investment.
2006-06-06 01:02:56 · answer #4 · answered by Anonymous · 0⤊ 0⤋
When someone has a credit card, they can add you as a user of the card. This will show up on your credit..that is borrowing credit...
2006-06-06 06:42:38 · answer #5 · answered by nish 2 · 0⤊ 0⤋
I've not heard of that.. perhaps you are meaning a co-signer?
2006-06-06 05:16:07 · answer #6 · answered by Quasi 5 · 0⤊ 0⤋
its called identity theft
2006-06-06 01:02:20 · answer #7 · answered by chef spicey 5 · 1⤊ 0⤋