You Have Business Debt
You might think your business finances are separate from your personal finances, but according to Ferguson, that’s not always the case. “If you have personally guaranteed any business loans using your own Social Security number, they will show up on your credit report and could cause your home loan application to be rejected.”
Legal Guidance Now is for general educational purposes only and is not intended to provide legal advice on any subject matter whatsoever. Your use of the content provided by this website is at your own risk. Due to frequent changes in the law, some information on this website may not reflect the current state of the law. We are not responsible for any errors or omissions in the content of this website or for damages that arise from your use of the content under any circumstances.
No reader of Legal Guidance Now should act on the basis of any content included in this website without seeking appropriate legal advice (in consideration of the particular facts and circumstances at issue) from an attorney who is licensed to practice law in the reader’s state.