When a business credit card account is opened, a personal guarantee is when an officer of the corporation designates himself and is bound by contract to be liable for all debts
incurred on the new credit card.
Not exact matches
After Katrina, researchers found that the worst - flooded residents relied
on credit cards in modest amounts —
incurring an average temporary increase of 15 percent, or $ 500, in
new credit card debt.
If you run a business or have a side hustle, you can get away with opening a
new business
credit card account without
incurring the 5/24 rule IF the
card won't be listed
on your personal
credit report.
Many
credit cards offer an introductory phase of 0 % APR, which effectively means that you will not
incur any finance charges or interest
on new purchases during your introduction phase.