I had a business account with a credit union and did not close my account after closing my business. Unfortunately, my old merchant account DID NOT close my account as requested and continued to submit payment request. This caused my account become overdrawn and the unfortunate fees. I moved from another state, so i did not care about the account nor did I keep track of it (business credit union). One day I went to WAMU to open a checkings account 2 years later and they stated I was in check systems via my SSN. I told them that was impossible, however, I found out the credit union sent my business account to chexsystems with my SSN, since I was an officer. The business was Incorporated, which means it had it own identity and I do not believe they should have used my SSN, but they should have used the EIN (employement identification number) for the business. Since the company was incororated, if a client wanted to sue me, he or she could not do so legally, however they could sue the business and the officers would be reponsible for any losses, if applicable. Does anyone know if this is accurate? Can the credit union legally report my SSN instead of the EIN if the company was incorporated?
