Jump to content

Help! Company CC Effecting my Credit Score


LJubel328
 Share

Recommended Posts

Hello,

 

I am new here and have found myself in a binding. Any help would be appreciated as I do not know how to go about fixing this.

 

I recently started a new job, and had been using my personal credit card then would be reimbursed for all charges. Recently, I was told I would receive a company credit card, however, as our company is not based in the United States the company card's are under my bosses credit score. I do not know the legality's of why it was established this way, but thats how it was set up.

 

One morning I received an e-mail from CreditWise saying there was a change on my credit, after inquiring I discover there was an AMEX opened under my name and carried a balance of $8,000 (it lowered my score by about 20 points.) At first, I thought it might be fraud and called AMEX, but then discovered it was my company card. 

 

I was under the impression from my employer it would be a company card. Though my boss must have opened an additional account under my name as a verified user, hence why the balance was reading on my credit score.

 

I do not want my company's finances reading on my personal score, and not sure how to go about fixing this. I assume the best option would be close the card, but my understanding is this also hurts your credit. I am not sure of what other actions I can take.

 

If anyone has experience with this or can offer guidance it would be appreciated. 

 

Thank you

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.