While it’s not a bad thing to have credit cards on your credit reports, it is a bad thing to carry a ton of debt and have late payments on your report. To avoid this, some people create a business for themselves and open small business credit cards. Business credit cards do not usually report to the regular consumer credit reporting agencies, so the activity on the card won’t affect your credit, for good or for ill.
Learn more about this strategy in our Q&A video with credit expert John Ulzheimer.
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