you are in business, the higher your personal credit score is and the more positive information you have on your credit report.

When applying for credit you will find some banks accept a lower personal credit score then others. The banks have a choice of three Credit Bureaus to purchase your credit report from. Each Credit Bureau will have a different formula to determine your credit score, so you actually have three different personal credit scores.

We recently had a client receive a $50,000 unsecured line of credit after applying on their own at two banks and not receiving an approval. We were able to help this client because her personal credit score with Equifax was a 633, while at Experian she had a 685. The banks she went to bought the Equifax report and we sent her to a bank that purchased her Experian report. Having the knowledge of your credit scores from each bureau will help you decide if you can apply for a line of credit or not.
David Gass is President of Business Credit Services, Inc. His company publishes a weekly e-newsletter on Small Business Consulting at their web site www.smallbusinessconsulting.com You can sign up for their free newsletter by visiting www.smallbusinessconsulting.com