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LOL. I retract my statement about people on this forum being friendly.

So if a representative of this company called up Capital One and said, "Hello, I would like to open a credit card in my client's name. I don't have Power of Attorney, but I do have this document that they signed giving me permission to do this." Would Capital One be okay with that? If not, on...

First off, let me say that I have found this to be a very useful and friendly forum, so thank you to everyone who contributes their time here. I'll briefly describe my situation: I'm starting a business and I found it difficult to get traditional financing. I found an odd little company based...

So if my brother-in-law doesn't pay his share of the dinner bill, can I report him to the credit bureaus?

I guess what I'm saying is, regardless of the original creditor vs. the collection agency doing the reporting, it doesn't seem fair to have a debt that hasn't been evaluated in a court of law negatively impact one's credit rating.

Thank you again for the great reply. You're saying the contractor in my example could report me to the credit bureaus? What are the rules about who can report what? Does the contractor have to prove the debt in some way to the credit bureaus? What if I'm disputing the debt? What stops people...

Thanks very much for the prompt and detailed reply! You said that the collection agency doesn't have any more power to collect the debt than the original creditor, but can't collection agencies harm your credit rating the longer you don't pay them? To me that has always seemed to be the only...

I've had this question for years, hopefully someone here can help me out with it. Here's a hypothetical scenario to illustrate what I'm asking: Say you hire a contractor to do some remodeling work in your basement. The contractor does a poor job, or maybe doesn't even do the work at all, but he...