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If I default on my e-Credit Line, will my credit score be negatively impacted?
Lending Club reports all account experiences, both positive and negative, to one or more of the business credit reporting agencies. Late payments, missed payments, or other defaults on your account may be reflected in your credit report, as will a record of on-time payments.
If the business is unable to pay, the full responsibility for any outstanding principal, interest, and/or fees will shift to the guarantor, at which point the personal credit bureaus may be contacted and collection activities and default remedies can be taken against the guarantor.
Frequently being delinquent has a significant negative impact on your credit score.
最后更新:2017-05-22 21:31:17
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