How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask lwpat Your Own Question
lwpat, Attorney
Category: Business Law
Satisfied Customers: 25387
Experience:  Attorney with over 35 years of business experience.
Type Your Business Law Question Here...
lwpat is online now
A new question is answered every 9 seconds

If my LLC is unable to pay a bill for services rendered, and

This answer was rated:

If my LLC is unable to pay a bill for services rendered, and they send it to a collections agency, will my personal credit be affected?
Thanks for using JA. I will do my best to answer your questions. DON’T FORGET the your deposit is not used to compensate me until you rate my service.

If the bill is to the LLC only and you did not sign a personal guarantee, then it should not be placed on your personal credit report and will not affect your credit. However, if you did sign a personal guarantee, often found in the fine print, then it can be placed on your report.
lwpat and 2 other Business Law Specialists are ready to help you