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If I sign as a guarantor for a business CC does it affect my personal credit?

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natasjlp
Regular Contributor

If I sign as a guarantor for a business CC does it affect my personal credit?

want to co-sign for my business but am looking at mortgages and don't want to lower my score by signing up for a new line of credit. I am not concerned about paying back in time but might have monthly balances - will that affect personal as well?

Message 1 of 3
2 REPLIES 2
Red1Blue
Super Contributor

Re: If I sign as a guarantor for a business CC does it affect my personal credit?

Not unless you default on your business cc.
Message 2 of 3
2wheel
Frequent Contributor

Re: If I sign as a guarantor for a business CC does it affect my personal credit?

No It should not. You might get a hard inquiry on credit report for it depending on who you are seeking credit from.
2wheel
Message 3 of 3
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