If I take out a business line of credit of 120k using my good standing credit score could I then sign over the responsibility of that money to someone else with a personal guarantee contact risking only my credit score? So if the invested money goes south the 120k would be the responsibility of the one who signed the personal guarantee contract to pay it back? Any help would be very much appreciated I need to make an educated dissection for a very important move. Thanks! (I live in Texas)What is the name of your state (only U.S. law)?
-
FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018.
By continuing to use this site, you are consenting to our Terms of Service and use of cookies.
question about a Contract
- Thread starter dsmith292
- Start date
Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills Please click a topic or scroll down for more.
Find the Right Lawyer for Your Legal Issue!
Fast, Free, and Confidential
data-ad-format="auto">