How much damage can a biz card do to me?

[APoshiterYid]

I have someone that wants me to open some business cards for them, under their companies' EINs but supplemented with my SSN. (They are having trouble getting approved because they have extremely high credit utilization, even though they pay them off 1 or 2 times per month.)

Anyway, I have read Dan saying that the nice thing about Business cards is that their credit utilization doesn't reflect onto your personal report/score, and I assume that would be the case here.

The question is, could it reflect onto my SSN negatively somehow? Let's say worst case scenario, that they default on the cards and it goes to collections. What if it's just some late payments every so often?

TIA!

[Yeki89]

I have a policy to lend out anything besides items of value.

This includes:

My drill
My ipad
My wife
and my social

[chamdena]

I love the list :-)

[Saver2000]

I have someone that wants me to open some business cards for them, under their companies' EINs but supplemented with my SSN. (They are having trouble getting approved because they have extremely high credit utilization, even though they pay them off 1 or 2 times per month.)

Anyway, I have read Dan saying that the nice thing about Business cards is that their credit utilization doesn't reflect onto your personal report/score, and I assume that would be the case here.

The question is, could it reflect onto my SSN negatively somehow? Let's say worst case scenario, that they default on the cards and it goes to collections. What if it's just some late payments every so often?

TIA!

Exactly that.

Late payments will show up on your CR and so will any other negatives.

I don't know forsure but I'd imagine once that happens it affects your score/history just as any other personal card would.

I don't think it makes a difference just because its a biz card. Someone  CMMIW

[MEIR613]

I have a policy to lend out anything besides items of value.

This includes:

My drill
My ipad
My wife
and my social

When I was in Yeshiva I had a rule you can borrow anything of mine without permission besides my boxers and cigarettes.

[Yeki89]

I don't remember that rule.

PM sent

[dirah]

I have someone that wants me to open some business cards for them, under their companies' EINs but supplemented with my SSN. (They are having trouble getting approved because they have extremely high credit utilization, even though they pay them off 1 or 2 times per month.)

Anyway, I have read Dan saying that the nice thing about Business cards is that their credit utilization doesn't reflect onto your personal report/score, and I assume that would be the case here.

The question is, could it reflect onto my SSN negatively somehow? Let's say worst case scenario, that they default on the cards and it goes to collections. What if it's just some late payments every so often?

TIA!

Rule for life:
If you're an אוהב when you're supposed to be an אויב, you will end up being an אויב when you're supposed to be an אוהב.
[Source: Rebbe Rashab]

AKA the difference between being an idealist or a realist.

[Moshe123]

Stay far away. Very far away.

[chaimmayer]

Rule for life:
If you're an אוהב when you're supposed to be an אויב, you will end up being an אויב when you're supposed to be an אוהב.
[Source: Rebbe Rashab]

I have read some poetic stuff from the Rashab before but I really like this one!

[elibeli2]

Stay far away. Very far away.

+1,000,000

[EMES]

 The אמת is ( punn intedned ) I think u are all jumping the gun .

Why does he want credit cards ? Is he in need of credit , and is a credit risk ? or he is paying his business expenses with a breeze via checks , debit cards  and is looking forward to earning points .

If he's a good friend u should be able to look over his
Business operations and make that assumption ...

[dirah]

The אמת is ( punn intedned ) I think u are all jumping the gun .

Why does he want credit cards ? Is he in need of credit , and is a credit risk ? or he is paying his business expenses with a breeze via checks , debit cards  and is looking forward to earning points .

If he's a good friend u should be able to look over his
Business operations and make that assumption ...

That is all good and nice until something goes wrong. Hopefully it doesn't, but anything could happen.
There is an obvious risk involved, and risks aren't usually worth it unless they are made worth it  .

[Saver2000]

Guys, the OP asked a question regarding how a cc with an EIN would affect his personal credit.

He didn't ask for business advice or mussar.

[APoshiterYid]

Guys, the OP asked a question regarding how a cc with an EIN would affect his personal credit.

He didn't ask for business advice or mussar.

+1000 thanks!