Comments on: Will I Be Responsible for My LLC Debt When it Folds? – Lisa http://getoutofdebt.org/8723/will-i-be-responsible-for-my-llc-debt-when-it-folds-lisa Free debt help and debt advice on how to get out of debt, getting out of debt consolidation scams, and inside information on the debt relief and debt help industry. Fri, 25 May 2012 02:12:00 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Steve Rhode http://getoutofdebt.org/8723/will-i-be-responsible-for-my-llc-debt-when-it-folds-lisa#comment-16607 Steve Rhode Fri, 13 Nov 2009 15:24:49 +0000 http://getoutofdebt.org/?p=8723#comment-16607 Lisa, Happy to help. When the time is right think about this. If you want to keep or improve your credit you need a credit card or two. You don't have to carry a balance but you need to show you can be responsible for unsecured credit. Steve Lisa,

Happy to help.

When the time is right think about this. If you want to keep or improve your credit you need a credit card or two. You don’t have to carry a balance but you need to show you can be responsible for unsecured credit.

Steve

]]> By: Lisa http://getoutofdebt.org/8723/will-i-be-responsible-for-my-llc-debt-when-it-folds-lisa#comment-16605 Lisa Fri, 13 Nov 2009 15:00:59 +0000 http://getoutofdebt.org/?p=8723#comment-16605 After several telephone calls back and forth it was found that yes, there was a contract that was not signed. I knew there was no way I would have singed anything that held me personally responsible for any debt incurred by the business, it was the same reason we do not have a line of credit or any credit cards. I value my credit as much as anything else of value. When you get right down to it, credit is all the working man has!Steve.........thank you again! After several telephone calls back and forth it was found that yes, there was a contract that was not signed. I knew there was no way I would have singed anything that held me personally responsible for any debt incurred by the business, it was the same reason we do not have a line of credit or any credit cards. I value my credit as much as anything else of value. When you get right down to it, credit is all the working man has!Steve………thank you again!

]]> By: Steve Rhode http://getoutofdebt.org/8723/will-i-be-responsible-for-my-llc-debt-when-it-folds-lisa#comment-16563 Steve Rhode Thu, 12 Nov 2009 19:47:12 +0000 http://getoutofdebt.org/?p=8723#comment-16563 Lisa, Hum. For $800 it might be worth spending $300 to get a lawyer to send them a letter. If there is no support for the debt it may kill it then and there. Steve Lisa,

Hum. For $800 it might be worth spending $300 to get a lawyer to send them a letter. If there is no support for the debt it may kill it then and there.

Steve

]]> By: Lisa http://getoutofdebt.org/8723/will-i-be-responsible-for-my-llc-debt-when-it-folds-lisa#comment-16561 Lisa Thu, 12 Nov 2009 18:34:20 +0000 http://getoutofdebt.org/?p=8723#comment-16561 Steve, upon further investigation I have found I have no contract with the credit/debit card carrier. A friend had already owned the machine and gave it to me. They did not even come to the office to hook it up, we did it al my telephone. They still insist I owe $800.00 Lisa Steve, upon further investigation I have found I have no contract with the credit/debit card carrier. A friend had already owned the machine and gave it to me. They did not even come to the office to hook it up, we did it al my telephone. They still insist I owe $800.00

Lisa

]]> By: Steve Rhode http://getoutofdebt.org/8723/will-i-be-responsible-for-my-llc-debt-when-it-folds-lisa#comment-16550 Steve Rhode Wed, 11 Nov 2009 23:51:03 +0000 http://getoutofdebt.org/?p=8723#comment-16550 Jeremy, The business card thing is a evergreen gotcha. The lenders bill it as a business credit card and ask you to put the business name on it but way down in the fine print...well you know. Thanks for the comment. Steve Jeremy,

The business card thing is a evergreen gotcha. The lenders bill it as a business credit card and ask you to put the business name on it but way down in the fine print…well you know.

Thanks for the comment.

Steve

]]> By: Jeremy http://getoutofdebt.org/8723/will-i-be-responsible-for-my-llc-debt-when-it-folds-lisa#comment-16549 Jeremy Wed, 11 Nov 2009 23:40:20 +0000 http://getoutofdebt.org/?p=8723#comment-16549 I learned the hard way shortly after college. I had a business and even created a corporation, but was not aware that my "business" credit cards at the time had a personal guarantee tied to them. Needless to say, the business failed and was shocked to find creditors calling and suddenly my credit score trashed due to late payments. Chalk one up for learning the hard way! .-= Jeremy´s last blog ..<a href="http://genxfinance.com/2009/11/11/avoid-a-financial-holiday-hangover-this-year/" rel="nofollow">Avoid a Financial Holiday Hangover This Year</a> =-. I learned the hard way shortly after college. I had a business and even created a corporation, but was not aware that my “business” credit cards at the time had a personal guarantee tied to them. Needless to say, the business failed and was shocked to find creditors calling and suddenly my credit score trashed due to late payments.

Chalk one up for learning the hard way!
.-= Jeremy´s last blog ..Avoid a Financial Holiday Hangover This Year =-.

]]> By: Steve Rhode http://getoutofdebt.org/8723/will-i-be-responsible-for-my-llc-debt-when-it-folds-lisa#comment-16548 Steve Rhode Wed, 11 Nov 2009 23:27:28 +0000 http://getoutofdebt.org/?p=8723#comment-16548 Lisa, Glad I could help. Steve Lisa,

Glad I could help.

Steve

]]> By: Lisa http://getoutofdebt.org/8723/will-i-be-responsible-for-my-llc-debt-when-it-folds-lisa#comment-16546 Lisa Wed, 11 Nov 2009 23:16:32 +0000 http://getoutofdebt.org/?p=8723#comment-16546 Steve, thank you so much for a quick and accurate response! You're the best. So glad i stumbled upon you! Steve, thank you so much for a quick and accurate response!
You’re the best. So glad i stumbled upon you!

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