YET another credit card scam

[hanoverphist]

If you quit paying the card, would their only recourse be to come after the company? Or would they be justified in pursuing you personally, perhaps because you signed the app as the person responsible for payment?

Regardless of the name on the card, etc., if you personally guaranteed the card, then it's hard to say they are doing anything wrong. Again, I do understand why you're not happy about it.

the company cards here are to the company, not the employee. billing goes directly to the company, we are just authorized signing agents allowed to use the cards in the companies name. if the bills dont get paid, they go after the company, not the employee. when it all comes down, it will hit the owner of the company in some way, but not directly on their personal credit report until the company goes under or they have to funnel their personal money into the inc to save it.

 

[Phoenix86]

This is wrong on so many levels, they are separate legal entities.

It's like reporting IceBergSLIM's personal credit on my personal credit report.

 

[CPA]

All of my corporate cards at various companies (both large and small) have reported directly to my personal credit dating back 10+ years.

mine doesn't

 

[IceBergSLiM]

I suspect they are putting in these policies to purposefully push people to close the accounts so the CC companies can shrink their debt obligations or something like that. Similar to cutting credit lines for no reason but in a much more snakey weaseling coniving fashion. Never again will capital one have my business.

So basically us peons must pay the price yet again....for greedy banks that made poor lending decisions.11

 

[Miramonti]

the company cards here are to the company, not the employee. billing goes directly to the company, we are just authorized signing agents allowed to use the cards in the companies name. if the bills dont get paid, they go after the company, not the employee. when it all comes down, it will hit the owner of the company in some way, but not directly on their personal credit report until the company goes under or they have to funnel their personal money into the inc to save it.

Are you the same as the OP? Kranky's question was the right question...does the OP's business have a separate liability from his personal liability, such as being incorporated. I am a sole prop, and while I have an account under the business name, I'm still personally responsible for it's liabilities.

In this case, it makes sense to group the credit together. On the other hand, if it's not the case, and it's a corporation, then I would suspect it's illegal to group the credit together.