Can he use
an existing credit card in his name for all his business expenses, or does that pierce the corporate veil?
Not exact matches
In addition to using your existing accounts fraudulently, criminals can also use your information to open new bank accounts, sign up for credit cards or take out loans in your nam
In addition to using your
existing accounts fraudulently, criminals can also use your information to open new bank accounts, sign up for
credit cards or take out loans
in your nam
in your
name.
Your
credit report should contain a detailed list of every single
credit account you've ever had
in your
name: active
credit card accounts, loans that are both
existing or fully paid off, plus your monthly repayment history for each.
When you or someone else attempts to open a
credit account
in your
name, increase the
credit limit on an
existing account, or obtain a new
card on an
existing account, the lender should takes steps to verify that you have authorized the request.
You have zero fraud liability on your
existing credit cards if someone steals them, but unravelling ID theft and what money is really owed
in your
name can be time - consuming and very, very expensive.
This is certainly a big factor on how your history is viewed but the amount of
credit which is
existing in your
name, along with how much is available to you without making an application is also considered (ie: the total of your available
credit limits on
credit and store
cards).
If you've never had a
credit card in your own
name, and you're not making payments on your student loans just yet, it's possible that your
credit score may not
exist.
Phony debt collectors can use your information to commit identity theft by charging your
existing credit cards, or opening new
credit card, checking, or savings accounts, writing fraudulent checks, or taking out loans
in your
name.
«Identity Theft is the assumption of a person's identity
in order, for instance, to obtain
credit; to obtain
credit cards from banks and retailers; to steal money from
existing accounts; to rent apartments or storage units; to apply for loans; or to establish accounts using another's
name.
Having to Be Responsible for Debts You Forgot About (or Didn't Know
Existed)-- There is nothing worse than finding out months (or years) after your divorce is over that you have a
credit card bill
in your
name that was never dealt with
in your divorce.