brittaarnink
New Member
Out of the blue, a few days ago, I recieved a phone call from a collection agency saying I owed a debt of another because I was the primary on a business credit card. I was told I owed $6245.
In 2002, I started a concrete business with another partner. We opened a business credit card each having our own names and numbers. They did credit checks on us and we had different limits.
I sold the business to my partner in June 2005. The credit cards were paid and a signed contract was put together stating my partner was sole owner and was responsible for all expenses. I immediataly closed my card account and my name was taken off all bank accounts.
Now over four years later their saying he had stopped making payments in Dec. 2008 and that they couldn't get ahold of him. So they tracked me down in another state and said I was responsible.
The collection agency has sent my name to the credit borough and this has dramatically dropped my score.
What should I do? Please help..... Thanks
In 2002, I started a concrete business with another partner. We opened a business credit card each having our own names and numbers. They did credit checks on us and we had different limits.
I sold the business to my partner in June 2005. The credit cards were paid and a signed contract was put together stating my partner was sole owner and was responsible for all expenses. I immediataly closed my card account and my name was taken off all bank accounts.
Now over four years later their saying he had stopped making payments in Dec. 2008 and that they couldn't get ahold of him. So they tracked me down in another state and said I was responsible.
The collection agency has sent my name to the credit borough and this has dramatically dropped my score.
What should I do? Please help..... Thanks
