By the way, According to the Fair Credit Reportinf Act, a finance company or a collection agency MUST make contact with the person PERSONALLY whom they are reporting to the credit bureau and send them a letter explaning the consequnces of non compliance which would result in negative information to the credit bureau.
Assuming they made no mistake (which they did) they still would have had to send a letter to me (not the business) because they reported me to the bureau. Well they didn't, and I bet this happened to many people.
This is a violation to the FCRA. Their excuse is I was a guarantor, but still that does not make it right, assuming they were right all the way, and assuming they were right is going after a business owner eventhough the business was incorporated. I know the last line is grounds for dispute in itself, but I strongly believe they are in violation of the FCRA.
0 comments