Even though you may not need to personally guarantee most of the credit applications, you still want to look at your personal credit report at several points in this process. This would be a good time to make sure you don't have any derogatory statements or get inquiries removed. Until you have built your business credit profile to a level that your personal guarantee is not needed, you will have to provide your personal guarantee on applications, as well as monitor your personal credit report for inquires and mistakes. You as a business owner/entrepreneur should always know what is on your personal credit report and pull it at least twice a year to verify information. Mistakes do happen and it is better to catch them now when you do not need your credit. Even little things like too many different spellings of your name can bring down your credit score. Example: My wife is leasing a vehicle and the sales person misspelled her name by one letter, instead of Loretta he spelled it Lorreta, so Trans Union had her name spelled inaccurately and then she had to dispute it with them.
In order for you to get a look at your credit report as the banks and lending institutions will, you must have a tri-merge credit report pulled. The tri-merge report has all three credit bureaus on it. TransUnion, Experian, and Equifax. Most mortgage companies have the ability to pull this type of report, however, that will cause an inquiry to be placed on your report. Here is a link to a service that is commonly used by banks and will not cause you an inquiry on your credit report.
