STEPHANE P asked:
When you get a company credit card, it is based on their credit rating. But when you are late making payments or don’t make payments(for whatever reasons) does this hurt your credit rating or just theirs? Each person is responsible for submitting expense reports, then the company cuts you a check, and you in turn pay the credit card company.
http://1mortgagecalculator.info
When you get a company credit card, it is based on their credit rating. But when you are late making payments or don’t make payments(for whatever reasons) does this hurt your credit rating or just theirs? Each person is responsible for submitting expense reports, then the company cuts you a check, and you in turn pay the credit card company.
http://1mortgagecalculator.info
It will damage the credit rating of the company. Every month you go 30 days past due from your due date will damage your credit rating. 1 month you’ll notice slight drop in your credit score…2 months past due will cause a noticeable drop in your credit score. 3 months past due is major damage. 5-6 months of non payment will cause a charge-off…the worst possible damage that lasts 7 years.
It will eventually hurt your credit so don’t play any games here buddy. Pay your bills.
It depends on how the company set your card up. Some companies will order a credit card in both their name and yours, so it affects both parties credit rating. Others put the card only in the company name.