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Old 12-01-2013, 02:34 PM
GreenI.A.'s Avatar
GreenI.A. GreenI.A. is offline
LawnSite Silver Member
Join Date: Jul 2010
Location: North East
Posts: 2,132
Personal guarantees work similarly to co-signing a loan for a friend. Some creditors won't report it to your personal credit others will.

Here's my experience of who reports the personal guerentee to the credit burrows
Sunbelt - did not report on personal
Bank of America (line of credit) - reported
Bank of America (auto loans) - reported
Why do people not respect us as they do other tradesmen? Because every Tom, Dick, and Harry doesn't think he can be a plumber or electrician!
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