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Do you have to pay your company credit card debt if it is out of business?

It depends on the credit card application and the structure of the company. Most credit cards issued to a small business are guaranteed by the owner. In that case, you must pay. If the card was issued soley to the company, the credit card company could sue your corporation to recover any assets available. If the company was a sole proprietorship or a partnership, you are liable.


How can you make the credit card company reopen an account and remove 'closed by credit grantor' from your credit report?

You can't MAKE a credit card company reopen an account. You can call the credit bureau and request that they change the status to indicate that is was closed by you and not the credit grantor. Or, you can simply put a notation in your credit report stating that the account was closed by you and not the card company.


You gave a company your credit card as proof of id and they took money without permission?

My guess is that company was a collection agency? Never give anyone your bank info, or credit card info. If the company was a legitimate company you were doing business with and you did not authorize payment dispute the charge with your credit card company.


Can a a credit company file the same account twice on your credit report?

It happens and can be disputed. Call you credit card company or credit agencies.


Does a company credit when the company is the accounts payable and the card was issued by the company for business expenses affect your personal credit score?

If none of your legal information is attached to the card (SSN for example) then the answer is No it will not affect your presonal credit score.

Related Questions

What is a commercial credit card?

A commercial credit card is one that is issued to a company or business. It normally shows the users name and the company name on the card.


What does WFN PBP NS stand for on your bank statement?

This is a payment to a credit card. Most likely a retail credit card. This is the abbreviation for the company that manages my J. Crew card.


What is cemf no abbreviation in creditcard?

what is the abbreviation for credit card charge


What DC credit card abbreviation stands for?

Diners Club Credit Card brand or Debit Card


What does the abbreviation cc stand for?

credit card


What MC credit card abbreviation stands for?

MasterCard


Can a credit card company bill a consumer for unauthorized charges if the credit card was improperly issued by the credit card company and the card was not activated and was stolen from the home?

Notify them that the credit card was stolen to the credit card company and dispute all the charges on the credit card. You would also have to file a police report if the credit card was stolen. The credit card company must investigate the charges.


Can a company charge your credit card without your permission?

No, a company can not charge a credit card without permission. This violation should be reported immediately to your credit card company.


Will you need to go through a credit check in order to get a corporate credit card from your company if the credit card is in your company's name?

That decision is up to the credit card company. If the corporation is relatively new or had no credit history, the credito card company might demand that you personally guarantee the debt and you will need to have a credit check. If you have been in business a long time, the credit card company MIGHT not require a personal credit check.


Who should you call if a credit card company listed you as deceased on your credit report?

You should call the credit card company.


How do you find out if your company is eligible for credit card for fair credit?

In order to find out whether or not your company is eligible for this or not, you are going to have to contact the credit card company and ask if you are.


When do you typically receive a credit card?

You typically receive a credit card after your application is approved by the credit card company.