Business Lines of Credit

Did you know that most business lines of credit for the newer Investor are still personally guaranteed?

There's a misconception that because business lines of credit (and business credit cards) don't report on your personal credit file, that you can default & not be responsible for repaying. Nothing can be further from the truth. Though keeping the business credit off of your personal credit file is one of the great benefits of getting it lined up, if you fail to pay them, the lender will be able to go after you because of the personal guarantee.

We recommend that our clients also establish non-personally guaranteed business lines of credit. Not to get around paying back their financial commitments, but to add that extra layer of protection between the business & their personal assets.

Until next time, Great Investing....

Darian - The Investor Helper
1-800-290-8372 x7922
email: support@investor-helpers.com
online: www.investor-helpers.com
"Helping Real Estate Investors is our Mission"