Posts Tagged Business Debt
Creditors CANNOT Put Business Debt on Personal Credit Report
northcaldwellbob asked:
Credit Reporting: credit cards such as AMEX cannot put corporate/business debt on your personal credit report if the business stops paying. We’re seeing a lot of this these days with American Express Corp.
Kelly
Can bad business debt go on your personal credit report?
christine s asked:
I opened up a couple of accounts for my business in 2005 but under my tax ID number. Unfortunatley the accounts went bad because I was in a car accident and now can’t work. Does this go on your personal credit report or the duns and bradstreet report.
JORDAN
I opened up a couple of accounts for my business in 2005 but under my tax ID number. Unfortunatley the accounts went bad because I was in a car accident and now can’t work. Does this go on your personal credit report or the duns and bradstreet report.
JORDAN
Small business debt with NO personal guaranty. Is my personal credit protected?
Stella asked:
Hello. I started a business at the beginning of last year, but was never able to get it off the ground. I closed it in December.
Hello. I started a business at the beginning of last year, but was never able to get it off the ground. I closed it in December.
I opened several accounts with no personal guaranty and I don’t have the money to pay those bills right now. Is it possible for my debtors to sue me directly? Can those items end up on my credit report? If it takes too long for me to get back on my feet, can my business’ creditors garnish the wages I earn on my job?
I would like to pay them, but it will be a while before I am back on my feet and I want to make sure my personal credit is protected.
Thanks!
I should point out that the business was an LLC.
personal credit report