Incorporating a business is only useful for credit purposes if you are actually generating income
. Otherwise, any creditor will require that you personally guarantee the business credit lines -- and as soon as the creditor sees that your personal credit is bad, you won't get the loan. So, unless you intend to start business operations now, there is no value to incorporation at this time.
If you want to improve your credit, the best way to do it is to simply keep paying your bills on time, because all of your bad credit entries must be deleted after seven years (except for judgments and bankruptcy filings
, which must be deleted in 10 years).
Hope this helps.
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