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James D.
  • Chicago, IL
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Can I convert personal credit to corporate credit?

James D.
  • Chicago, IL
Posted Mar 18 2017, 14:52

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!

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