Delete Selected Option from the Personal/Corporate Guarantee

Aug 6th, 2022
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How to Delete Selected Option from the Personal/Corporate Guarantee

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hello everyone in todays tutorial i would like to show you how to delete customer information from the shopify store this is particularly useful when a customer emails you and asked to delete their personally identifiable information data from your shopify and thats very easy to do so first of all you have to be logged into your admin panel then click on customers locate the customer which you would like to delete and save this one then scroll a bit down where you see erase personal data just click on erase personal data basically once you proceed it will delete the name address email ip and credit card number which pertains to this customer in particular as well it will send requests to all the shopify apps that your store is using there are also having access to discuss data so once you click erase personal data it will take approximately 10 days to process this request during this time you can cancel the request relatively simple by pressing this cancel button and thats pretty mu

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This can be a good thing if payments are made timely and as agreed, as you could get a bump on that for your own credit score. In the meantime, however, it does potentially impact your credit utilization ratio and your debt-to-income ratio.
The act of becoming a guarantor doesnt, by itself, normally appear on your credit report. But there are ways being a guarantor could affect your report: If the borrower cant make their repayments, the responsibility for paying them will fall on you and this will form part of your credit record.
An otherwise valid and enforceable personal guaranty can be revoked later in several different ways. A guaranty, much like any other contract, can be revoked later if both the guarantor and the lender agree in writing. Some debts owed by personal guarantors can also be discharged in bankruptcy.
What happens if you are liable under a personal guarantee? Once you have signed a personal guarantee a creditor can pursue you for the debt if your company defaults. Some personal guarantees also go one step further and grant the creditor a charge over your property such as real estate.
How do I remove a personal guarantee? Simply ask your lender. This may seem a bit counterintuitive since it was your lender that required it in the first place; however, there are two reasons why a lender would consider removing a personal guarantee.
You could lose any collateral tied to the guarantee (equipment, home, car) The lender can take your checking or savings balances if they were part of the collateral.
The difference between corporate and personal guarantors is quite simple: a personal guarantor is an individual who agrees to take on the obligations of a debt for a debtor, whereas a corporate guarantor is a corporation that takes on payment responsibilities.
Unless a business is a sole proprietorship, personal guarantees can only be discharged by filing an individual bankruptcy. A business bankruptcy will not eliminate a personal guarantee. Likewise, the Chapter 13 co-debtor stay only applies to consumer debts and personal guarantees are usually considered business debts.

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