Business Account. Banking. Finance?

Question

Is this true to the people with bad credit?
Open a business account with a bank. Get a tax ID number to that account and began to post credit to that account faithfully, Like loans and it will improve your personal credit and your business credit?

Answer 1

NO it is not. You CAN'T get a tax ID for the business account. You can only get a tax ID for the BUSINESS before you open the account. In any case, handling the business's credit is no easier then handling your personal credit. Your personal score will improve faster than you can establish business credit if you handle it as well as you think you will handle the business.