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This is a discussion on Can bad personal credit affect your chances of getting credit when you start a within the Report a Black Listed company forums, part of the General Category category; ltd company in the UK ? I have bad personal credit, however I will be starting a new company soon. ...
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#1
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| 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 ? |
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#2
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| 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 |
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#3
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| 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!. |
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| bad, personal, credit, affect, chances, getting, start |
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