Can bad personal credit affect your chances of getting credit when you start a

[Rakhat]

ltd company in the UK ? I have bad personal credit, however I will be starting a new company soon. Will this bad personal credit history affect my chances of getting say an initial overdraft for my company ?

[justiceformaddie]

It may well do .. there are many companies who are willing to lend to people with bad credit ..

If you go with them you pay a high apr

[Physics-Student]

Most probably yes unless you have a very good collateral such as a property with enough equity or a guarantee by someone with good credit rating.

Overdraft are normally guaranteed by directors of those companies but as you say you have a bad credit history so your word is not worth the paper it is written on!.