Yes, PG is personal guarantee!
Paydex is the company that is slow as heck in reporting your info so you can have scores just like your FICO scores personally. Eventually they get to it and your score goes up or down according to your payments, debt etc.
I do know the paydex reporting issues. Every single one of my accounts above report and boost my score just like your personal credit. Sure it takes a while and is NOT EASY to do as I mentioned, takes time to build it up to get the better ones, but everyone has to start somewhere. What I said was easy was getting started............
Modee is correct about site inspections etc. Most all corp credit will require you to have a business site/addy ( some require photos or lease agreements etc, phone number ( I use T Mobile for this ) , You have to be listed in 411 or something etc, provide letterheads, accountant info such as profit & loss statements etc.
They will check you out, Lowes for instance will ask for some docs while Staples asked me for nothing.
What I said was easy is getting started, filing and having a business going for a while to get credit, its not a day or week long process. Most of you or us have some business going anyway, you just have to start and build some credit within your corp.
* Biggest thing I see is people who build up corp credit and misuse it and financially overburden themselves with corp debt. This is a huge no - no.
Corp Credit is not for personal use and visa versa.
You have to be able to manage your money, personal and business.
Look up LLC's, there are many advantages of having one. Tax and otherwise.
Research it before you do anything.
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