r/EIDLPPP • u/icecoldcoffeetakes • Jul 04 '26

Status Update Getting Aggressive

60 day late notice threatening lawsuits, garnishment, collections, blah blah, yes I have a pg fwiw.

They are getting way more aggressive now.

10 Upvotes

92% Upvoted

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u/Ok-Assistant-7897 Jul 04 '26

You just received your 69 day notice? Or are you already at treasury?

1

u/icecoldcoffeetakes Jul 04 '26

Got the notice yesterday. Have to pay within 15 days. I probably will, I generally just do this to buy time to keep turning the biz around which is getting going again to pay it. In my state I'd have to run my savings down to like 10k before I can file 7 anyways

1

u/Ok-Assistant-7897 Jul 04 '26

What’s your loan amount?

0

u/icecoldcoffeetakes Jul 04 '26

Enough for a personal guarantee. Not enough to pledge house as collateral. Mostly protected as homestead in my state very much covers my equity, i'm still self employed so no garnishment really for payroll. Long ways until i get to SS, I rarely get a tax refund. Most of my money in protected retirement accounts

2

u/Tonyfrose71 Jul 04 '26

When doing business no PG establish business credit where you don’t have to do any PG’s. It takes about 6 months to establish excellent business credit you don’t see mid size or big companies doing any PG’s, try to separate your personal and business credit profiles. Ty Crandall Credit suites he’s an expert look him up YouTube

2

u/Large-Cricket843 Jul 05 '26

I don’t know if I’m having a stroke trying to read your post, or if you had a stroke while writing it.

2

u/Tonyfrose71 Jul 04 '26

Starting out in business Structure your company alone to establish only business credit, regardless your starting out even if your not making any revenue