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INSTANT APPROVAL CREDIT CARDS HOW INSTANT ARE THEY Instant approval credit cards seem like offers that sound too good to be true but many peoplePERSONAL LIABILITY BO Directory FOR BUSINESS CREDIT CARDS If the company does not meet these criteria business credit card issuers will use the credit history of the customer applying for a business credit card as a basis for credit risk assessment. Keep in mind that most business credit card issuers will not approve your business credit card application unless you agree to the personal liability clause.
This essentially makes a business credit card the same as a personal credit card from a personal liability standpoint. Therefore whenever your company fails to pay off business credit cards the issuer can invoke the personal liability agreement to collect payment from the principal owner of the business credit card. Because of this personal liability provision in your business credit card application your personal credit reports will also contain a record of your business credit card history.
INSTANT APPROVAL CREDIT CARDS HOW INSTANT ARE THEY Instant approval credit cards seem like offers that sound too good to be true but many peoplePERSONAL LIABILITY BO Directory FOR BUSINESS CREDIT CARDS If the company does not meet these criteria business credit card issuers will use the credit history of the customer applying for a business credit card as a basis for credit risk assessment. Keep in mind that most business credit card issuers will not approve your business credit card application unless you agree to the personal liability clause.
This essentially makes a business credit card the same as a personal credit card from a personal liability standpoint. Therefore whenever your company fails to pay off business credit cards the issuer can invoke the personal liability agreement to collect payment from the principal owner of the business credit card. Because of this personal liability provision in your business credit card application your personal credit reports will also contain a record of your business credit card history.