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DISCOVER Biz credit cards reporting to personal credit rpt

 
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Keith McGrath
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Joined: 02 Mar 2007
Posts: 52
Location: Lockport, Lemont, Homer Glen, New Lenox
PostPosted: Fri Jan 30, 2009 11:08 am    Post subject: DISCOVER Biz credit cards reporting to personal credit rpt Reply with quote
I just had a a new account show up on my personal credit report. It was my Discover Business credit card.

An intial search online uncovred the following
http://www.fatwallet.com/forums/finance/898139/

where others are reporting the same thing, no matter the age of the Discover card

gamer83 said "After three more calls I have been informed that it is an across the board Discover policy, that beginning Jan 17th, they are going to report all business lines to personal reports."

So for anyone with a DISCOVER biz card, you may want to pay it off NOW if your statement has not been issued.
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Keith McGrath

Buyer of SFH or apartment buildings in Lockport, Lemont, Homer Glen, New Lenox and Mokena.
http://www.willcountyhomebuyers.com
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Keith McGrath
Fast Track
Fast Track


Joined: 02 Mar 2007
Posts: 52
Location: Lockport, Lemont, Homer Glen, New Lenox
PostPosted: Tue Dec 29, 2009 5:23 pm    Post subject: Capital one business credit cards now reporting to personal Reply with quote
To keep this thread updated with the latest biz credit cards to avoid

Capital one as of Oct 09 eports biz credit cards to personal.
http://www.creditbloggers.com/2009/10/capital-one-credit-reporting-causes-new-problems-for-small-business.html

So here is the current known list of Business Credit Card issuers that report to personal credit reports.
State Farm
Discover
Citi Professional
Capital One

If for some reason you want a credit card from these companies, get a regular personal card that will be covered by the Credit Card Reform Act of 2009.
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Keith McGrath

Buyer of SFH or apartment buildings in Lockport, Lemont, Homer Glen, New Lenox and Mokena.
http://www.willcountyhomebuyers.com
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