topic Re: Amex Corporate Card Liability in General Credit Topics

Amex Corporate Card Liability

Anonymous — Wed, 12 Sep 2007 20:06:33 GMT

Hello,

I was hoping that someone could offer some advice on corporate credit cards. I had a(n) corporate amex with my previous employer. When I left the company, my direct manager, who had to approve expense reports apparently did not approve them and amex was never reimbursed for their moneys owed. I got letters from amex in reference to this but did not pay them any mind. I did submit my SSN for this card and today I get a call from a collection agency informing me I am liable for the balance and basically a lot of strong arm language was used by the person. They would ask about current employer and other info which I refused to answer. The person said they would have to list me as uncooperative and would not explain exactly what that meant. I have disputed items on credit reports before and seen as one of the options for dispute CORPORATE CREDIT CARD. I am confused and scared right now. The balance is huge and no one from my old company seems to want to talk to me. Where do I stand? Any info would be extremely helpful.

Thanks,

Anxiety

Re: Amex Corporate Card Liability

Anonymous — Wed, 12 Sep 2007 20:10:59 GMT

anxiety wrote:
Hello,

I was hoping that someone could offer some advice on corporate credit cards. I had a(n) corporate amex with my previous employer. When I left the company, my direct manager, who had to approve expense reports apparently did not approve them and amex was never reimbursed for their moneys owed. I got letters from amex in reference to this but did not pay them any mind. I did submit my SSN for this card and today I get a call from a collection agency informing me I am liable for the balance and basically a lot of strong arm language was used by the person. They would ask about current employer and other info which I refused to answer. The person said they would have to list me as uncooperative and would not explain exactly what that meant. I have disputed items on credit reports before and seen as one of the options for dispute CORPORATE CREDIT CARD. I am confused and scared right now. The balance is huge and no one from my old company seems to want to talk to me. Where do I stand? Any info would be extremely helpful.

Thanks,

Anxiety

sorry The only thing that I would advice is to see an attorney. Write to the CA and tell them NOT TO CALL! If they do they are in violation!

Maybe someone on the forum knows about busness accounts.

Re: Amex Corporate Card Liability

Anonymous — Wed, 12 Sep 2007 20:27:04 GMT

Thanks for your advice. I am a mess right now worrying about this whole thing!

Re: Amex Corporate Card Liability

Anonymous — Wed, 12 Sep 2007 20:27:44 GMT

From the T&Cs of one of the Amex Business Cards

I have advised Additional Card applicant(s) that you may obtain, verify, exchange, and use information about them in the same manner as described above, that they may be responsible for payment of their own charges if I fail to pay them, and that their own credit records may be affected by nonpayment of the account. I understand that Additional Card(s) will not be issued to me if I have an unsatisfactory account with American Express or if the Additional Card applicant(s) have ever had an unsatisfactory account with American Express

Now I now that Amex will not even issue an AU card without a SSN. What did you sign when you accepted this card from your employer? Where there terms where you would be responsible for repayment if expenses were not approved?

Re: Amex Corporate Card Liability

scorepower — Wed, 12 Sep 2007 20:30:26 GMT

Hi There,

I would definetly work back with the company you worked for and have them take care of this. Did you have a formal way of submitting claims through your employer? Did your manager reject the claims or never approved them? Does the manager still work there? You might need to take some legal action.

From my experience, i had my card not paid for about 6 months. I called AMEX and was working with my employer. I didn't want my name going into collection because my employer was late in making the payments. AMEX said they didn't report for 6 months because it's a corporate account.

Re: Amex Corporate Card Liability

Anonymous — Wed, 12 Sep 2007 20:39:01 GMT

says I as corporate card member are responsible for all charges billed to account yada yada to the extent that you as the corp cardmember fail to honr any of the obligations under this agreement we reserve the right to collect the amount of such charges directly from you.

Re: Amex Corporate Card Liability

Anonymous — Wed, 12 Sep 2007 20:48:13 GMT

anxiety wrote:

says I as corporate card member are responsible for all charges billed to account yada yada to the extent that you as the corp cardmember fail to honr any of the obligations under this agreement we reserve the right to collect the amount of such charges directly from you.

Was that from the company or Amex? Amex will go after each individual cardholder.

Re: Amex Corporate Card Liability

Anonymous — Wed, 12 Sep 2007 21:27:52 GMT

That was from amex. Am I screwed if my boss decides to screw me? Also can CA call my wife's cell phone. They pulled the number off of the CR and told her about it which is how I found out about it. Needless to say she was freaked out. Were they supposed to do that?

Message Edited by anxiety on 09-12-2007 02:27 PM

Re: Amex Corporate Card Liability

Anonymous — Wed, 12 Sep 2007 21:26:16 GMT

anxiety wrote:

That was from amex. Am I screwed if my boss decides to screw me?

In a word...yes. You can always go after the company if the expenses were legit. I'd go with my lawyer.

Re: Amex Corporate Card Liability

Anonymous — Wed, 12 Sep 2007 21:32:04 GMT

So do I pay the amount in the meantime and try to recoup the loss through the legal process? It is a big pharma company with a legal dept that's probably larger than small corps. If this is the case-can I negotiate payments or partial payment in meantime?

Re: Amex Corporate Card Liability

Anonymous — Wed, 12 Sep 2007 21:41:32 GMT

Get a free legal consultation first.

Re: Amex Corporate Card Liability

Anonymous — Wed, 12 Sep 2007 21:52:50 GMT

No need for a legalism yet. Call your comany boss and ask him to remove you as a AU. Now call the AMEX and tell them that you were just an AU and did not rack up these charges. Usually, AMEX will take you off their AU status if you ask nice and do not threat them in any way.

But it is not unheard of that AMEX goes after everyone that ows them money.

Try in nicely, wouldn't hurt. If phone call wouldn't resolve this, then write a letter to AMEX first. If negative response, then ask your attorney to write 2 letters: one to your former boss and one - to an AMEX Chaiman & CEO: Kenneth I. Chenault. Tell your story nicely and politely. He is a righteous "dude ". he will listen.

Re: Amex Corporate Card Liability

Anonymous — Wed, 12 Sep 2007 21:53:38 GMT

what about the CA they are saying that they'll give me 24 hours to contact my company to try to get them to pay and basically alluded to after that I would be "fair game"??

Re: Amex Corporate Card Liability

Anonymous — Wed, 12 Sep 2007 21:59:53 GMT

montana wrote:

No need for a legalism yet. Call your comany boss and ask him to remove you as a AU. Now call the AMEX and tell them that you were just an AU and did not rack up these charges. Usually, AMEX will take you off their AU status if you ask nice and do not threat them in any way.

But it is not unheard of that AMEX goes after everyone that ows them money.

Try in nicely, wouldn't hurt. If phone call wouldn't resolve this, then write a letter to AMEX first. If negative response, then ask your attorney to write 2 letters: one to your former boss and one - to an AMEX Chaiman & CEO: Kenneth I. Chenault. Tell your story nicely and politely. He is a righteous "dude ". he will listen.

Amex does not have AU so to speak. Any cardholder for Amex is just that, a cardholder. He also signed an agreement to be liable for the charges.

OP:

As far as the collector is concerned. You say they are giving you 24 hrs to make good. First of all they CANNOT threaten you. Second of all, is tgis first contact wih these people? They MUST give you thirty days to acknowledge the debt. When you are dealing with scumbags its best to do so in writing. Send a CMRR stating that this debt is not yours and refer them to your former employer. At this point they will need to contact them and AMEX to find out if you a re truly liable for the debt.

While they are running around with thei fingers up their noses, this would be a good tme to see what your liability is by a: Contacting the company yourself and finding out why these expenses were never paid to Amex.b: getting a free legal consultation.

Message Edited by Brammy on 09-12-2007 05:59 PM

Re: Amex Corporate Card Liability

cgmiller63 — Wed, 12 Sep 2007 22:00:34 GMT

I have a corporate card and in the card holder agreement it states that the user may be liable for any charges that the company does not pay. This is to protect the company from non-business related expenses. I would call the head of the company's Finance-Expense department to see what can be done to resolve this matter. If these were all legitimate business expenses the company should pay them.

Re: Amex Corporate Card Liability

CreditDrama85 — Wed, 12 Sep 2007 22:01:35 GMT

unfortunately Amex is the only credit card issuers out there who can hold authorized users responsible if the primary cardmember refuses or does not have the means to pay the account.

Amex does not have the right to list it on your personal credit report if you are not the president of the company; however if they decided to sue you and get a judgement in their favor, this will be on your credit report.

i think the only way you could probably clear this up and have a legal leg to stand on is if you were able to prove discharge/sepration from the company before the bulk of the charges were made and the account went into default. (of course the could be no card activity for you during this time).

Re: Amex Corporate Card Liability

Anonymous — Wed, 12 Sep 2007 22:15:49 GMT

I would call your ex-employers legal department. Explain that if your credit rating is damaged because of their actions you would seek to be compensated for a lifetime of higher interest payments -which could run into millions of dollars. Ask them to prevent this by setting up a meeting with the comptroller (or whoever can authorize payment), where you can explain why the expenses were legitimate. At the end of the meeting request an acknowledgment on company letterhead that these were legitimate business expenses and that they will pay them. Copy it and fax it to any collectors.

Re: Amex Corporate Card Liability

Anonymous — Wed, 12 Sep 2007 23:53:48 GMT

rhinoci, is right. i have a corporate amex card. in fact this was the first of my amex cards.

we had a lady that left the company. she did not sumbit an expense report for $25 bucks, i tried to cancel the account and amex would not speak to me even though i explained who i was and that i would be paying whatever was owed.

long story short my company paid the expense report. no one wants a law suit.. your old company should have told you if your expenses were not approved.

Re: Amex Corporate Card Liability

Anonymous — Fri, 14 Sep 2007 03:02:26 GMT

thank you for your advice I will try to contact the legal dept. something showed up on experian

A new inquiry has appeared on your credit report.
Here are the details of this inquiry: Reported By: Experian Reported On: 09/13/2007

Alert Type: Installment Inquiry

Creditor Type: Other Collection Agencies

Date of Alert: 09/12/2007

Creditor Name: NATIONWIDE CREDIT, INC.

Creditor Address: 2015 VAUGHN RD NW STE 400 KENNESAW, GA 30144-7802 Creditor Phone Number: (800)4564729

what does this mean? and does this affect my score at this point?

Re: Amex Corporate Card Liability

Anonymous — Fri, 14 Sep 2007 03:13:03 GMT

Those folks are nasty

http://www.ftc.gov/opa/1998/10/nationwide.shtm

Sorry I hate to do this. Read through this and if they contact you do anything listed here, make sure you hae notes and names. They are already in trouble with the FTC. I would also challenge permissable purposes for a hard pull on your credit file just lay low until they make first contact though.

Actually I think the 24 hours thing counts as a threat. Report em, they are already onthin ice. they will probably bounce it back to Amex aster than you can shake a stick at them.

That inwuiry is coded as if you applied for a new installment loan....oooh against FTC regs..... keep a copy of that andinclude it in your email that you did not apply for new credit but they coded it as such. Burn Em

Message Edited by Brammy on 09-13-2007 11:13 PM