Due to a few major situations I got in over my heard with credit card debt at my small business. I have worked with all but one of my cards and have been able to pay most off. I do have one that I have tried to work with but to no avail. Between the interest penalties etc it is just unmanageable. They have said the are going to go to charge off. Can this go against my personal credit. I am incorporated - the card has the business name and my name on it.
Yes, it likely will go against you personally. I would be fairly certain that the company had you sign off as a guarantor of the debt when you opened the account. That's pretty standard with a small business credit card.
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