I've had a Wamu business VISA CC for three years. Per my understanding, business accounts should not be reported to the three bureaus for personal files.
As we know, Chase has taken over these accounts. Chase is now reporting business CC's as personal CC's. I have made many attempts to get an answer as to why (or how!) from them, but no avail.
Has anyone else experienced this?
You should go back to your copy of the original credit application and see if it was made in the company name with a comany tax ID or in your name with a social security number.
If it was made in the company name with a federal tax ID that is NOT your SSN, then you have a reason to ask them to fix it.
I have three businesses, one Sole Proprietership using my SSN for Tax ID and two LLCs with their own EINs. My only CCs for the Sole Proprietership that didn't show on my personal reports was a MBNA Platinum Business Card (now BofA Business Card) and the Amex Capital Line (program discontinued by Amex 1-15-09).
I'm thinking if your Tax ID is your SSN, they can report or not as they choose. If you have a separated EIN then they cannot since it is a completely separate entity. I have CCs for the LLCs from Advanta, Amex, CapOne, BofA, Lowes, Home Depot, Chevron. If you default, it certainly could hit your personal reports.
It looks like you chose to accept his solution!
I read it and thought it was bizarre. From your reply, it seems you did also.
I think his statement of business lines ALWAYS being higher is particularly strange. In my business as a business consultant I have found the opposite to be true most of the time although I mostly deal with businesses under $25,000,000 in yearly sales.