We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Company loan, but personal credit search on director?
happyindebt
Posts: 32 Forumite
My limited company bought something on finance - but I've just seen that they performed a personal hard credit search on one of the directors. Is that something normal or can I can dispute it? Thank you.
0
Comments
-
You can’t dispute a search that’s not yours, no.0
-
It is normal and no, you can not dispute it.1
-
Can the director dispute it?D3xt3r5L4b said:You can’t dispute a search that’s not yours, no.0 -
Why are they looking to dispute it? When they, or the authorised representative signed the finance agreement it will have included clauses allowing them to conduct credit searches against the company directors, this is normal practice.flavianatill said:
Can the director dispute it?D3xt3r5L4b said:You can’t dispute a search that’s not yours, no.1 -
Is there a personal guarantee for the loan from the Director?
It's your Ltd Co. Are you the Director they did a search on? If, not, where do you fit in to this, and who are the other people involved? This will help people understand and maybe provide more pertinent comments.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards