Credit Scoring For Commercial Leases How Much Will My Credit Score Go Down If I Turn In A Commercial Lease?
How much will my credit score go down if i turn in a commercial lease? - credit scoring for commercial leases
I have a small company with a commercial lease on a truck carrying $ 90,000. The semi-finals are not on the road for more than 6 months and can not afford the monthly payment of $ 1800. What happens if I go back into the vehicle now registered in the name of the company, but I am the guarantor for the personal touch.
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3 comments:
It is a little different because you are not the borrower, but when I look back, the lenders are looking for you to pay the deficit, because it guarantees. So, if you do not sell the car for, say, $ 70K, but you owe $ 80K, you must pay up to $ 10K, otherwise they would not complain, and perhaps a sentence that is the * * into their credit report reported, is on the borrower. So you have a little time to do things with them or trying to create a payment plan or something, but in the end if something goes wrong, go wrong anyway.
It is a little different because you are not the borrower, but when I look back, the lenders are looking for you to pay the deficit, because it guarantees. So, if you do not sell the car for, say, $ 70K, but you owe $ 80K, you must pay up to $ 10K, otherwise they would not complain, and perhaps a sentence that is the * * into their credit report reported, is on the borrower. So you have a little time to do things with them or trying to create a payment plan or something, but in the end if something goes wrong, go wrong anyway.
Although it will come after you and the contract should ensure no impact on your creditworthiness.
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