Opening a Business Account??????

[adilzia]

Guys please Comment on this .

I want to open a business account.I am using some personal loans since october.But didnt pay back even one payment.
Will this affect at the time of opening a business account??i mean with bad credit history.

[Princess of Ammi]

well if you have been unable to pay back a specified amount within given time could be an obstacle well company accounts normally subjects to their own criteria where a director or history is considered before a decision.
you should always pay back on time it will build your credit history as well as it increases the value to amount being offered to you