Announcement

Collapse
No announcement yet.

Started New LLC, Applying for a Business Debit Card

Collapse

Unconfigured Ad Widget

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

    Started New LLC, Applying for a Business Debit Card

    I'm currently in lap 2 of 5 on my Ch 13. Started an LLC for an e-commerce business with a friend. We opened up a business checking account and want business debit cards. I'm reading through the agreement and the following language is present:

    "The undersigned agree(s) that all information is accurate and authorize(s) the financial institution to verify credit and employment history by any necessary means, including preparation of a consumer report by a consumer reporting agency."

    Since this is not a "credit card", I'm a bit surprised to see language that the bank would run my credit. Does anyone have any experience with this? Will my bankruptcy cause an issue in obtaining a debit card? The bank account itself is open, and I have a clear history from chexsystem/telecheck/etc. Any thoughts?

    Edit: The bank we are using is a regional bank, not a credit union, or major financial institution.

Unconfigured Ad Widget

Collapse
Working...
X