Answers
My friend owns a C Corp and he wants to add my name to the checking account that will be opened today. Also, he wants to get a $50k unsecured credit line. What does that mean? If he borrows it thru the corp but thru my name on the c corp checking account will it effect my credit? What if he doesn't pay it back? He claims because it is unsecure it is thru a corp and not thru him?
You can be help relable for the loan also as long as your name is on the account and also if he puts you on as a secondary lender beleive me I know my husband did this to me and I had to pay even though I didn't sign anything and we were seperated at the time and will be divorced on Dec. 7th
loans" "unsecured personal loan" "line of credit" "unsecured business loan" "personal line of credit" ...
Non-Profit Budget Counseling: Credit Counseling Debt Consolidation ...
Most Americans are looking for a solution to absolve their debts and improve their financial health. In eliminating debt everyone has heard of the many alternatives in debt management. In joining these programs the primary concern most consumers have is how their credit score will be affected long-term. Debt management, debt consolidation, does affect your credit but it depends on what type of plan you go with. Knowing and understanding how each of these affects your credit can help you make an educated decision that coincides with your financial goals. Consolidation Loan: Everyone wants to pay back less in interest and consolidation loans have provided a debt management plan for those...
News
Credit Counseling Debt Consolidation Does Affect Your CreditPR-inside.com (press release) - Dec 30, 2009
A consolidation loan provides a line of credit to the consumer in which all their other unsecured debts can be transferred and combined for the convenience and more »Wall Street Journal - Dec 29, 2009
1 small-business lender it offered unsecured credit lines of up to $100000 to start-ups, some in business for only one day. Bank of America's small-business and more »Winnipeg Free Press - Dec 30, 2009
The company owes at least $3.2 million to unsecured creditors, according to Ernst & Young, the firm hired as the trustee in bankruptcy. and more »Benzinga - Dec 11, 2009
If you have high unsecured debts (credit cards, line of credit, personal loans), what are the options for getting out of debt in a relatively short period and more »
Red, White, and Blue Press (blog) - Dec 24, 2009
A secured credit card is an excellent way for someone with a low credit score to either get a line of credit or help repair their credit. and more »TMCnet - Dec 29, 2009
These loans can be approved at high interest rates, which are unsecured in nature. However, the problem can be easily solved by doing extensive on-line and more »The Northern Miner (subscription) - Dec 23, 2009
The proceeds will repay the company's existing term loan and reduce outstanding amounts under its revolving line of credit. The debt offering consists of and more »