Can I convert personal credit to corporate credit?

[James D.]

Does anyone know if it's possible to convert personal lines of credit to corporate lines of credit? I currently have about 70K of unused personal credit lines, but I refuse to use credit cards for consumer purposes, so they're just laying dormant (I only use them periodically to keep the lines open, and then immediately pay them off). I would like to use those cards for investing. I currently have 10K of corporate credit and have been approved for 40-50K of additional corporate credit. If I could convert the 70K of personal credit to my corporate lines, then I could use more towards investments without raising my utilization ratio beyond 35%. Any tips would be greatly appreciated. Thanks!

[Account Closed]

No. Corporate credit works on your Paydex Score which runs from 0-100. Your personal credit runs on an entirely different system which includes Statutes of Limitations and such. You can't marry the two. Why don't you get a cash line of credit to invest? If your ROI makes sense then a short term, higher interest unsecured personal loan might be the golden ticket for you. Idk. What is the interest rate on your corporate credit and is it liquid? It sounds as if maybe you don't want to be personally responsible for your debt but want it under the corporation - which is okay but then the question that begs to be asked is how quickly can you make a profit if you carry your debt load on your personal credit vs your business credit. At the end of the day what matters is how rapidly you can make a profit regardless of where the money comes from. That's my two cents. ; )