Kabbage Personal Guarantee?

[MyDataMyChoice]

I am over 120 days past due
But then entered a payment agreement
Never showed up on credit

Only filed a UCC filing against business
Also listed my name on UCC

But I don't think UCC goes towards personal assets only business related



I found three bloggers all says Kabbage is not a PG

I asked Kabbage if they report to personal bureau and they said No

And no where on loan doc does it say they can report

[MyDataMyChoice]

http://fitsmallbusiness.com/kabbage-reviews/

[navigatethis12]

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@JTC403 wrote:
I am over 120 days past due
But then entered a payment agreement
Never showed up on credit

Only filed a UCC filing against business
Also listed my name on UCC

But I don't think UCC goes towards personal assets only business related



I found three bloggers all says Kabbage is not a PG

I asked Kabbage if they report to personal bureau and they said No

And no where on loan doc does it say they can report

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They may not report to the bureaus, but that doesn't mean that they won't sue if a balance isn't paid off. On their site it says they pull to verify your identity, but no other company does that when a personal guarantee is required. There's no reason to identify your identity if the business is taking out the loan for itself. I believe it is and for whatever reason, they just aren't saying it. If they have a social, they have proof that that individual took out the loan and I believe if the balances was high enough they'd attempt to get it back.

[ktl72455]

Before I went 120 days past due, I would take out another loan to cover the payment.  I have 6 loans out right now for various amounts and various reasons, if I could not make a monthly payment one month I would take a loan out from them, let it sit in my pay pal or bank and make the payment.  Sooner or later I would be able to make the payment.   I just took out a loan for 10,000 to put down on a property that I will use as a rental. Its expensive money yes, but I will write it off and pay it off and have another rental property and no bank needed.  I have 38,0000 available from Kabbage of I want it, which I wont :-) 

[Creditaddict]

I added another account and they upped my limit from $20k to $38k!! Also dropped my rate to 5.25% the first 2 months and then it's 1.25% I believe it is.