Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Scores
Profile Image

Question By
Joeym1094

0 Contributions
0 People Helped
Loan questioning
Would be detrimental to my credit to take out a personal loan and a business loan or is that just pointless? How would it affect my credit if I did

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
7816 Contributions
1498 People Helped

It depends on what your credit is like now, we don't have that information. Could you be approved for two loans in the same time period?

Top Contributor
11263 Contributions
4445 People Helped

When you take out a business loan, the interest can be deducted from your business taxes which likely have a Tax ID number that is different from your Social Security number.  Your personal credit is linked to your Social Security number, your business credit is llinked to the Tax ID.

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.