Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago, 03/24/2017
Can I convert personal credit to corporate credit?
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!