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Credit Card Applications » Questions » User Questions » Limited/Bad/Fair Credit » My personal credit is bad. My FICO score is only 500. I formed an S-corporation 8 months ...

My personal credit is bad. My FICO score is only 500. I formed an S-corporation 8 months ago and have the web-driven company ready to go, yet I am in need of equipment, software and other start-up costs I estimate to be about $10,000. However, due to my personal credit it has been very difficult to obtain a credit card as they want my Social Security number in addition to the tax id number of the business. How do I obtain financing based on the business and not my personal credit score?

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Leo Zhu

As a rule, credit card issuers evaluate business applications based on personal information. When you apply for a business credit card you will have to enter basic business and personal information, including business owner name, business address, date of birth, your employer identification number (EIN), and sometimes your personal social security number.

There’s only one credit card for your credit history on our site – . The card has moderate APRs, but to get this card you will have to pay a $ 125 set up fee.

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