two checking accounts + credit score

Discussion in 'General Business' started by fsmedia, Apr 27, 2007.

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  1. #1
    Does having two checking accounts effect your credit score at all? I'd like to open up one for personal and one for business so I can keep the two separate...any ideas on this matter?
     
    fsmedia, Apr 27, 2007 IP
  2. 900rr

    900rr Peon

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    #2
    i think not,if you have large amount of money for long time on that accounts,could be useful to impove credit score .
     
    900rr, Apr 27, 2007 IP
  3. fsmedia

    fsmedia Prominent Member

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    #3
    Oh ok cool, thanks.

    After writing the post, I also thought about since I'll have an LLC, I'll create accounts under that. Thanks though
     
    fsmedia, Apr 27, 2007 IP
  4. Valley

    Valley Peon

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    #4
    The only thing that generally affects your credit score is whether you pay your bills or not.
     
    Valley, Apr 28, 2007 IP
  5. SophMedia

    SophMedia Peon

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    #5

    Not at all - however having multiple accounts for yourself (as in just in one name, such as you personally or your business) with low balances is a bad thing.
     
    SophMedia, Apr 28, 2007 IP
  6. fsmedia

    fsmedia Prominent Member

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    #6
    Why specifically is it a "bad thing" though? what's the reasoning behind that?
     
    fsmedia, Apr 28, 2007 IP