What happens when you sign as the guarantor for corporate credit and the business goes under?

post Category: Corporate Credit — admin @ 2:40 pm — post Comments (2)
postSeptember 22, 2009

If you owned a business and you signed for corporate credit as the guarantor and can no longer pay the bills, what happens to your personal credit?
How long does it take for it to reflect on your personal credit? And, if you make some type of payment every month, how does that affect the personal credit and do they still come after you for the lower payments. Who is a very GOOD company to go with that will help us, there are so many out there and so many crooks.

YOU are responsible for the debt.

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Horaayy..there are 2 comment(s) for me so far ;)

#1

I would assume the same thing as when you sign as guarantor for personal credit.
References :

bud68 wrote on September 22, 2009 - 8:22 pm
#2

YOU are responsible for the debt.
References :

Trina S wrote on September 22, 2009 - 8:39 pm
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