Legal Question in Credit and Debt Law in Nevada
Rights regarding Corporate Credit
I had a business partner a couple of years ago who forged my name on an American Express Corporate account and used my personal information to guarantee this account as well as others. I contacted American Express, when I found out about this, who then closed the account, and then transferred her card balance and my card balance onto a new account number without telling me they did so, which caused billing mix-ups because payments were not credited. I have had nothing but trouble in trying to resolve this with American Express, they have lied to me, been uncooperative, harassed me by collection agencies, and going into my personal information and credit reports when I never authorized them to do so because the opening application for this account was forged and not my signature. American Express is now posting 120 + late & collection status on my credit report which has dramatically reduced my personal credit scores. They refuse to talk with me to resolve this issue and I feel that my consumer rights and privacy have been violated. I would like to know what recourse I have in this situation.
1 Answer from Attorneys
Re: Rights regarding Corporate Credit
You should dispute the late remarks pursuant to the Fair Credit Reporting Act. I think the FTC website has instructions on how to do it or you can pay an attorney to do it for you.
The creditor has damaged your credit reputation and you have a cause of action against them for that. You would need to seek an attorney who handles credit damage claims to pursue that.
You will need to take to the attorney all documentation concerning the old partnership, the credit application by your former partner, all documentatin concerning your efforts to clear up the fraud, copy of the police report concerning the credit card fraud, copy of your credit report and a list of your damages.
The list of damages should include any loans that you were denied as a result of the late remarks and any loans where you had to pay a higher interest rate as a result of the bad remarks.
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