Hello,

I have a Sole Proprietorship and for my business I use a Business Chequing account. The account has an overdraft availability of $50K, and I a business credit card too.

On the personal credit side, I have about 10K of credit card debt that I’m contemplating paying off using my Business Account’s overdraft allowance because it has much lower interest (10% vs 23%).

Question: Do loans, overdrafts and/or credit card debt on my Sole Proprietorship appear on my personal credit report to anyone checking my credit? (E.g.’ a bank for a mortgage or getting a loan?)

The reason I ask is because I currently have an overdraft of $2K on my business chequing account and a balance of $600 on my Business Credit Card. I have had a balance on them since Feb, and slowly paying them down.

However, when I took a look at my Equifax credit report today, for June, I don't see the Business overdraft balance or my Business Credit card balance on the report.