Wednesday, October 21, 2009

Can a collection agency report negative information on a personal credit report for a corporate account?

I am having problems with an account opened through my corporation. First, I did not open the account (separate issue), and am working to get that resolved. In the mean time, a collection agency has reported this account on my personal credit report. Can they legally do this since it is a corporate account? I am trying to find out what the law is regarding this type of thing. I live in California and the corporation is in California also - if that makes a difference. Any informatio would be appreciated. Thanks!

Can a collection agency report negative information on a personal credit report for a corporate account?
Request a copy of the Contract for the account, you need to see if you agreed to be personally liable is case of non payment, of course this is sometimes in the tiny print that most people don't read, until you get this resolved you can post a consumer statement on your credit report letting your other creditors know this particular account is in dispute, and what the dispute is concerring.
Reply:It depends on whether it's a corporate AND personal account. You probably had to provide your social security number....correct?


Even though in your eyes it's corporate, they may have in the loan agreements that you as the individual are the guarantor.


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