Would a BUSINESS credit card debt affect me PERSONALLY?? (small business, payment, LLC)

[Muffincatmeowem]

Im jus wondering would a single member LLC's credit card debt affect that person's personal credit report if one cannot pay back the LLC's debt???

[Freebird2007]

depends upon how the LLC was established....but for the most part, its limited liability

[Suncc49]

Originally Posted by Muffincatmeowem

Im jus wondering would a single member LLC's credit card debt affect that person's personal credit report if one cannot pay back the LLC's debt???

Yes, you probably signed a guarantee?

[PacificFlights]

Agree with Suncc49, odds are unless this is some major corporate credit crad where they are fully responsible for all debts on the card, most small business credit cards require you personally to guarantee payment and was issued under your personal credit.

[CDusr]

Yeah, most likely yes for the reasons mentioned.

[bigDwiki]

Yes. Although you shouldn't be using a business card because it offers none of the same protections as a consumer card.

[NJBest]

Yes, it will. According to your agreement, a business credit card holder can be held personally liable for all debts. Even with major corporate credit cards -- if the business refuses to pay, they can come after you.