Business credit card and credit report
Date: Thu, 09/09/2010 - 16:02
I have a Citibusiness credit card ($6,500 balance) and a Citibank Home Depot credit card ($22,000 balance). Both are in the name of an LLC.
I haven't made payments on either one in 120 days.
I find it curious that neither card is showing up on any of my credit reports. Even though they are business cards, I was told that they would show up negatively on my credit reports once they became delinquent.
I have personal credit cards that I haven't made payment on in 120 days, and those missed payments showed up immediately on my credit reports.
Does anybody know what gives?
I haven't made payments on either one in 120 days.
I find it curious that neither card is showing up on any of my credit reports. Even though they are business cards, I was told that they would show up negatively on my credit reports once they became delinquent.
I have personal credit cards that I haven't made payment on in 120 days, and those missed payments showed up immediately on my credit reports.
Does anybody know what gives?
Your business credit wont show up on a consumer credit report.
Your business credit wont show up on a consumer credit report. It will show on your Dunn and Bradstreet report.
I was under the impression that I was still the guarantor of the
I was under the impression that I was still the guarantor of the card even though it was issued in the name of my LLC.
If this isn't so, then what are the implications? Should I just let the cards charge off since they won't show on my credit?
If you are personally liable on the debt (which you probably are
If you are personally liable on the debt (which you probably are if you signed something to that effect) some banks report biz debt on your credit report and some do not. If a collector buys the debt, they might put it on your report too.