Quote:
Originally posted by Sassyass
I have not viewed any of the new laws as of late,
My experience is from the mid 90's.
I could be very off.
But I am pretty sure that the days of letting the "company' take the hit, are gone, and the owners of the company will end up paying one way or the other. Money owed will be collected. One way or the other, the people responsible for the "company" will be held accountable for the "companies" mistakes.
I quote the word company because it is treated as a separate entity.
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I understand that you would hope its over but its not, laws are laws and the fact is if you didnt sign as a co-signer yes people can call to try to collect but they cannot report you to the 3 personal credit bureaus.
Your name will show up if they do a D&B or other places where they can file but not with the 3 credit reporting agencies.