Re: Charging UP credit cards

Posted by datablade on January 03, 2002 at 15:25:41:

In Reply to: Charging UP credit cards posted by Dom on January 02, 2002 at 20:59:40:

Your friend just might find herself charged with a felony. Giving the tools to a business she or a friend controls (or any business/person) would not relieve her of the personal obligation to repay the amount charged. Most "corporate" credit cards are issued with a personal guarantee by the owner, so if the business goes under, the owner is still liable for any balance.

A clue is the request for the owner/officers social security number on the application.

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