Advanta Bank Business Card Question
Date: Tue, 09/29/2009 - 17:51
Anyways I have 7k in debt with Advanta with a business card for a business that closed 3 years ago. The Advanta Debt doesn't show up on my credit reports that I pulled from the internet and the one that bank pulled for me to do my refi.
I work at a small bank and my boss who is helping me with the refi and was the one who suggested trying to get everyone to settle, and make my refi easier. He said don't worry about Advanta then if its not on your credit report, if their not willing to work with your Fthem.
Today I got 3 different things from Advanta 1 a letter stateing I am late and they are going to file it to my credit report, 2 A letter from Equifax stateing Advanta reported the non payment however they reported under the business name and tax ID #. 3 was a check from Advanta $113 for unfair rate hikes a couple of years back.
I called and then faxed them today asking for a copy of the orginal signed agreement today to see how it was filled out and signed.
I am trying to see if I am still personally responible for this debt since it wasn't on my credit report after 4 years or so.
Any suggestions or input? I really really hate to pay these loan sharks back if I can help it.
Thanks
Well, my personal belief is that a business account shouldn't ap
Well, my personal belief is that a business account shouldn't appear on your personal report. However, a lot would depend upon the nature of the company that you had.
Have you claimed the business income under your personal income file? Were you the sole proprietor?
Well the card never has appeared on my credit in the past. I was
Well the card never has appeared on my credit in the past. I was reading about someone else who just said their suddenly appeared and was down as past due.
I was told by my boss today that it is illegal to post a negitive under someone's personal credit that was taken out under a business. It was filed as late to equifax already using the business name and tax id #.He said we had even lost a 10k lawsuit over that exact same issue.
I have faxed Advanta and asked for a copy of the orginal signed agreement to see how I filled it out. The company was an LLC and I think I was listed as a something on the 3 person board on the LLC but I do not remember what. The LLC and owner went Bankrupt almost 3 years ago but for some reason the owner couldn't include it because it was in my name also.
My boss who is handleing my refi is pretty adament about me not worrying about or paying Advanta back. I just hope he's right
