Regular Contributor
SantaMar
Posts: 117
Registered: ‎03-04-2012
will this effect my personal credit?

i had a business idea.  i formed an LLC.  got a tax ID number.  got business insurance.  i have not really had any success.  im considering canceling my business insurance (90 bucks a month)...i have three months paid.  but i was wondering if canceling my business insurance will in any way negatively effect my personal credit?  what if im grossly late on my business insurance monthly pay?!  my line of thought is if i dont pay they just cancel my insurance, cancel my coverage, throw out my policy....its not like i have i borrowed money to buy a computer and they want their computer back...