Rebuilding Your Credit

[GordonShumway]

Here's an interesting situation:
- Business CC C/O - OC started reporting TR on personal CR based on a personal guaranty that it may/may not have had listed on the original CC agreement/application.
- Fast forward, OC SOLD C/O account to CA which continues to report TL on personal CR.

Has anyone ever tried to challenge this under FCRA, etc?

[GordonShumway]

bump

[llecs]

They can report if you did a PG. Was it a Visa/MC? Store card?

[GordonShumway]

Whather I did a PG with OC (AMEX) is the big question.

10 years ago is along time ot remember.

Remember, the account was SOLD after many hands to a CA.

[llecs]

I can't speak to 10 years ago, but up to 3-4 years ago or prior, Amex did require PGs for their CC and I tried for one back when and failed dued to personal credit. Your contract would have likely had a default clause of some sort allowing a CA or others to collect on a defaulted account.

I have a couple of bad business accounts from 3-4 years ago that I did not PG and they aren't reporting, but I'm afraid for that one day they do report.

[GordonShumway]

Recent/post C/O date CC agreement has this clause:"You agree that we may give information about your Account to credit reporting agencies.
We may tell a credit reporting agency if you fail to comply with any term of this Agreement."

But this, under not circumstances can be agreement I'm bound to.

It is certaily not a PG.