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Personal name on company credit card

I

isasir

Diamond Member
Any customer service rep. I ask this question always says "it might," so I figure I'll ask ATOT...

My name (as well as my company's) is on a corporate card that I have. If a bill doesn't get paid in time, is it possible for this to affect my personal credit?

Bills from certain companies come addressed to me, and in some cases don't even have the company's name referenced, even though it was charged on a corporate card.

The other day I got a collections notice sent to my name, which wasn't fun.
 
Originally posted by: DaShen
Unless you own the business, I don't think so
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Yeah that's what everyone says ("I don't think so" or "It probably won't") and that's what I think, but I'm hoping for something more definitive.
 
no.

You're an authorized signer for the card, that's it. Likewise my wife has a credit card tied to my CC account, but only my credit is on the line, even though her name is on the card.
 
It depends. Some company opens the credit card account in your name even though it's a corporate card. So basically, it's your credit on the line. In those cases, I refuse to have them give me a corporate credit card. I think American Express corporate card is like that.
 
Originally posted by: toekramp
if your SS is associated with it, then yes it can have a negative effect on your credit card.
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This is not neccsarily true. They may still collect personal information, including SSN, but base the credit descision on the authorized owner of the account(s).
 
Originally posted by: Kenazo
no.

You're an authorized signer for the card, that's it. Likewise my wife has a credit card tied to my CC account, but only my credit is on the line, even though her name is on the card.
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/thread
 
Originally posted by: AnyMal
Originally posted by: Kenazo
no.

You're an authorized signer for the card, that's it. Likewise my wife has a credit card tied to my CC account, but only my credit is on the line, even though her name is on the card.
Click to expand...

/thread
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It's your credit.. go ahead and sign it away without reading the fine print.
 
by having your name followed by the company name you are acting on behalf of the company and are not personally held accountable.

as long as the company's name is on it I cannot see anyway it could impact your credit.
 

The service rep is correct - It Might. It depends on how the company contracted with the card issuer.


<-----Manager of Card Serives Dept at my company (among other things)
 
Originally posted by: isasir
Any customer service rep. I ask this question always says "it might," so I figure I'll ask ATOT...

My name (as well as my company's) is on a corporate card that I have. If a bill doesn't get paid in time, is it possible for this to affect my personal credit?

Bills from certain companies come addressed to me, and in some cases don't even have the company's name referenced, even though it was charged on a corporate card.

The other day I got a collections notice sent to my name, which wasn't fun.
Click to expand...


If the credit card company used your ss# and name to secure the card along with your company name then the answer is yes. I had a company card, and you are the responsible party credit wise. The company will reimburse you for the card charges, and they will guarantee the card to the credit card company, however if the charges are not paid on time or not at all it is placed on your credit. If the credit card company did not utilize your ss# and name then no.
 
Okay, I just read some of the responses and there is a lot of misinformation.

AGAIN, It depends on how the card contract was set up with the issuer and Visa/MC/AMEX.

We have two cards in our company.

On the first, there is no/limited liability, no credit check, no statements, and the company pays for all purchases directly.

On the other card there is a credit check, statements are received by cardholder, payments are made by cardholder (and reimbursed by company through an expense report), credit could be impacted. Now on the second card, the company is held responsible for non-fraudulent charges after a certain period of time, so noone is ever held delinquent after that time period (generally 90 days), but the fact that a credit check is done and the amount of balance and outstanding balance is reported to the credit agencies does have an impact on the the cardholders credit.
 
You need to read the terms and conditions that you signed.
I am responsible for debt on my company card.
And the "Company" is a state government.
 
My corporate card is personally linked to me. If I don't pay it on time - I get screwed. I get reimbursed from the company every month. The cycle coninues - but If screw up a payment - they are after my ass - not the company's.
 
Here are a few more details to further clarify my situation -

It's an American Express Corporate card.

I get a statement addressed to me, but it isn't a bill. I assume the complete bill goes to our Finance department.

The company's name is right under mine.

I'll probably talk to my company's finance director, but sometimes I wonder if even he would know. Maybe I'm better off calling American Express directly to ask them?
 
Originally posted by: kt
Originally posted by: AnyMal
Originally posted by: Kenazo
no.

You're an authorized signer for the card, that's it. Likewise my wife has a credit card tied to my CC account, but only my credit is on the line, even though her name is on the card.
Click to expand...

/thread
Click to expand...

It's your credit.. go ahead and sign it away without reading the fine print.
Click to expand...


my company issued corporate card does not come up on my credit reports.

/thread
 
My own name is on my corporate CC... It does affect my credit rating if I don't pay it off in time, HR made it perfectly clear...
 
If the account is in your name, yet it's a company card and the just pay for it, so long as they pay every month it's only going to help your credit. Otherwise you would just be an authorised holder. Now if you own the business, so long as it's not actually in your name, it still won't hurt your credit, don't you just love corporate protection laws.
 
Originally posted by: BCYL
My own name is on my corporate CC... It does affect my credit rating if I don't pay it off in time, HR made it perfectly clear...
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They would tell you that, I'm sure they're misinformed or lying to you. I can't see how it can impact your credit score if it's not on your credit report, my corporate AMEX card isn't on my CR.
 
Originally posted by: compuwiz1
No
Authorized user.
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There is no blanket answer to this question.

Pull a copy of your credit report from www.myfico.com


Sometimes, even if you are an authorized user with no financial responsibility for the account, it can still appear on your credit report.

On the account, it will have a field for "RESPONSIBILITY".

This will say:

INDIVIDUAL
JOINT
AUTHORIZED USER

That is how you will know.

If the account does not appear at all on your credit report, you are an authorized user.
 
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