how can i build creadit for my wife and her busine...
# credit
a
how can i build creadit for my wife and her business, i opened once a capital one card for her, and closed it, i have no idea if she has a credit score or not.
p
Which Capital One card? Even for a business, most of what matters is personal credit card history. Open another card as soon as you can, because your credit profile looks at a few primary factors: Length of credit: the longer banks have been extending credit to you, the better. Always encourage to open and keep open especially the earliest cards you ever got. Credit utilization: how much of this credit are you using? If they give you $10,000 of credit and your statement closes with 4000 every month, that’s a decently high rate, lower is better. Most importantly I believe: Positive credit use: not having any late fees or interest charged.
c
p
Also, certain business credit cards will not affect personal credit the same way, I would recommend trying both, but especially focusing on getting a few personal credit cards and hold onto them. If you have a lot of credit cards, you want to avoid getting too many personal ones, But if you don’t have, I would recommend getting personal cards specifically as that will show that you are trustworthy to the credit card companies
c
if she is authorized user on your accounts that should help her too