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How do companies have credit?

BayHouse Credit Forum: 10/1999 to 01/2001: Credit Reporting, FICO Credit Scoring, Disputes, Collections, Charge-offs, Bankruptcy, CCCS: How do companies have credit?
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shawn2 (Shawn2)

Saturday, July 22, 2000 - 02:33 pm Click here to edit this post
Ok. this is kinda wierd and very "out" there.

I'm just curious about this, I'm self employed as an s-corp in the state of florida. I know that if my business applies for a loan, it is my credit that is checked.

How does this work with larger companies?

Can I as a company report unpaid bills, etc? How do you go about that? Only reason I'm interested is I'm amazed at ordering products or services how incredibly difficult getting what you paid for is..

Like I bought a new cell phone for my business, at the time about the most expensive out there besides the big nokia. Anyways...long story short it does not pickup indoors 90% of time. The bill for this came to over $600 after laptop adaptors, etc. Yes, I can call and complain, but basically I'm sick of having to go back to companies and spend my time because they aren't providing what I paid for. Over 600 for a cell phone the thing should work and you shouldn't have to jump hoops. It has become a huge time drain and I hate to say it....but I think the economy is too good, companies care -0- about their customers these days.

Can I as a company bill them? and I KNOW this is stupid...but can I report them to a credit bureau somehow for unpaid bills?

Just curious about that whole process..

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G. Edwards (Edwards)

Saturday, July 22, 2000 - 05:44 pm Click here to edit this post
Contact the Better Business Bureau, you'll find out if anyone else has had problems with them and what their response to other complaints are. Dunn & Bradstreet is another possibility if a company fails to take care of financial obligations.

Write letters, don't use telephone communication with them, save all documentation you can. Then get an attorney involved, especially if you find other complaints on file with the BBB.

I'd write the Better Business Bureau and cc them if nothing else.

The BBB is supposed to work as a reporting database to protect consumers from possible "high risk" businesses/practices.

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Anonymous1 (Anonymous1)

Tuesday, July 25, 2000 - 10:30 am Click here to edit this post
See what a "free economy" without reasonable restrictions is creating? Big companies getting so big that they lay off tons of workers in the name of overlap and decide to screw their customers because we have no other option in many cases. These mega mergers need to be better scrutinized. Has our government forgotten what a monopoly is? They don't care. I have called my congressman and senator with regards to the phone company's bad service because I have no choice because they are the only game in town. Cable is also a problem. Has anybody noticed the state of customer service at 80-90% of retail outlets? Pitiful and sad.

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Shylock (Shylock)

Tuesday, July 25, 2000 - 04:38 pm Click here to edit this post
Actually more and more there is an option instead of the phone company ... it's called a cell phone. Many people I know have closed their home phone and operate entirely off of a cell now. There's plenty of competition there too ... AT&T Wireless, Pacific Bell, Verizon, Sprint PCS ...

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Scott (Scott)

Wednesday, July 26, 2000 - 04:06 pm Click here to edit this post
What I'VE always wanted to know is this: If I protect all my personal assets in a trust, and I'm the only company officer, and the company is sued - what do they get in the event I loose? This is actually relivant to me right now, as my wife and I are considering launching a business together.


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