I've had several real estate transactions step south in this horrible economy. My credit, which have been perfect for several years, is so bleak now I can't even purchase a vehicle although my cash flow have increased again. While I repair my personal credit, can I incorporate one of my businesses and obtain credit through my corporation at a much more favorable rate?

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Answers:    It would depend on how the corporation looks to the lender. If it is well capitalized and have sufficient assets that can secure the debt, the corporation should be able to borrow in need a personal guarantee. But a very new corporation near only limited assets probably would be incompetent to borrow without your guarantee. Creditors evaluate the debtor's ability to repay the debt. Incorporating may not solve your problem. You should evaluate the judgment carefully before you step to the trouble of forming a corporation.

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No, creating an LLC will not allow you to borrow under a business name. You will still hold to borrow under your name.
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