Bryan S. asked

⚖️  Law

I took out a business credit card for my church, with the Pastor responsible for repaying it. The card was maxed out, and the interest rate increased significantly, making payments unaffordable. The Pastor's name appears on the account as an authorized user, and I have documented proof of all purchases. The card was approved with my credit but does not appear on my personal credit reports. I need to know how to protect myself legally, ensure the Pastor is held responsible for the debt, and avoid the credit card company coming after my personal assets. Should I consider a trust?

January 10th, 2023

Brittany W. answered

Given that you signed a personal guarantee for the business credit card, you are personally liable f...

January 10th, 2023

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