Use your new store cards, Pay your bills, and don't PG (personal guarantee) if you can help it.I made the mistake of PGing a secured card with Wells Fargo BEFORE I built the trade lines on my current business and I got stuck with a card with a low limit that is actually hurting my business credit due to util on that card.

We have properties in PG getting 18 to 25% coc. 

Dar,I Would replace it and take the hit to the budget.

Giving them a PG of any kind is like giving a hungry dog a meaty bone and you will bear witness to this when you try make any changes, sorry to tell.In my experience, the simplest way to vacate a PG is to restructure the loan instrument.

no I don't believe so the lender would get wiped out.. as they are junior to the IRS at that point. when I have done this it has been for very well qualified companies/individuals that gave me PG's IE if I got wiped out they would have to pay me off... and or I took cross collateral in other deals. its best just to buy it and wait the 120 days.

It will based on your personal credit only if you gave  theme your ssn# and PG, but you could give your duns# and other info and get unsecured LOC if your profile settled up right!

Particularly PG County and Baltimore City/County.

Quick note, you can get Fannie loan to a revocable living trust (still with PG and on your personal credit).

PG

Department of Treasury January 21, 2009 This is a 100 pg.