If you own a small business, you may be responsible for the business credit card debt. One of the key questions regarding the business credit card debt is did you personally guarantee the payment of the credit cards or did your company guarantee the debt? Nearly 99% of the time you personally guaranteed the credit card debt. The debt obligation is usually determined by the credit card application which you originally filled out to obtain the credit card. Most credit card companies require the individual, not the company, guarantee the payment on the small business credit cards. You’re probably […]