Biz Auto Loans on Personal Report?

Discussion in 'Credit Talk' started by DemPooches, Aug 18, 2003.

  1. DemPooches

    DemPooches Well-Known Member

    For those of you who have gotten biz vehicle loans, does your lender report the installment loan on the personal report of the PG?

    We'd like to avoid a new installment loan on either of our personal reports and will probably make a decision about what vehicle to buy based partially on keeping it off of the personal reports.

    Any info either way would be appreciated.

  2. DemPooches

    DemPooches Well-Known Member

  3. creditwork

    creditwork Well-Known Member

    I have leased and purchased vehicles under the company name and they did not appear on my personal credit report.
  4. DemPooches

    DemPooches Well-Known Member

    Could you assist with a little more info? Who did you use for the financing? Majors, I mean, not local banks and such.


  5. creditwork

    creditwork Well-Known Member

  6. BurnIt

    BurnIt Well-Known Member

    Re: Biz Auto Loans on Personal Repo

    Funny you ask. We have bought several biz vehicles and equipment over the last 10 years. The Associates, Clark Credit aka Bobcat Financial, Ford, and GMAC. This last loan was written through Ford, and they put it on our personal report. No one else has ever done that, including our local bank. I inquired about it, and was told it was written with our personal guarantee. Good luck.

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