Comments on: Is it illegal or some type of fraud to use business credit cards for personal use? http://finance.coolgreatstuff.com/is-it-illegal-or-some-type-of-fraud-to-use-business-credit-cards-for-personal-use Fri, 02 Dec 2011 01:49:53 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: rusty_266 http://finance.coolgreatstuff.com/is-it-illegal-or-some-type-of-fraud-to-use-business-credit-cards-for-personal-use/comment-page-1#comment-21322 rusty_266 Mon, 29 Mar 2010 21:50:12 +0000 http://finance.coolgreatstuff.com/is-it-illegal-or-some-type-of-fraud-to-use-business-credit-cards-for-personal-use#comment-21322 I wouldn't worry about it. As long as you make the payments it really doesn't matter what you use the cards for. Fraud is extremely difficult to prove to begin with, so imagine a credit card company trying to prove what you purchase is not related to your business. Its not going to happen. With a small business, to some degree, everything is business. Buy what you want, make your payments = no problems whatsoever. I wouldn’t worry about it. As long as you make the payments it really doesn’t matter what you use the cards for. Fraud is extremely difficult to prove to begin with, so imagine a credit card company trying to prove what you purchase is not related to your business. Its not going to happen. With a small business, to some degree, everything is business. Buy what you want, make your payments = no problems whatsoever.

]]> By: coachpisco@verizon.net http://finance.coolgreatstuff.com/is-it-illegal-or-some-type-of-fraud-to-use-business-credit-cards-for-personal-use/comment-page-1#comment-21321 coachpisco@verizon.net Mon, 29 Mar 2010 21:07:30 +0000 http://finance.coolgreatstuff.com/is-it-illegal-or-some-type-of-fraud-to-use-business-credit-cards-for-personal-use#comment-21321 Please tell me this question is a joke. Of course it's illegal to use a business credit card for personal use, IN ANY SITUATION! Please tell me this question is a joke. Of course it’s illegal to use a business credit card for personal use, IN ANY SITUATION!

]]> By: bdancer222 http://finance.coolgreatstuff.com/is-it-illegal-or-some-type-of-fraud-to-use-business-credit-cards-for-personal-use/comment-page-1#comment-21320 bdancer222 Mon, 29 Mar 2010 20:50:26 +0000 http://finance.coolgreatstuff.com/is-it-illegal-or-some-type-of-fraud-to-use-business-credit-cards-for-personal-use#comment-21320 If the account is from your business or a business account in your name, you can use it for whatever purpose as long as you pay it and don't claim personal expenses as business expenses. Many credit card companies actually offer business credit card accounts to individuals who do not have businesses. Business accounts will not show on your personal credit report. They also do not have to comply with FCRA and FDCPA as they are NOT consumer debt. If the account is from your business or a business account in your name, you can use it for whatever purpose as long as you pay it and don’t claim personal expenses as business expenses.

Many credit card companies actually offer business credit card accounts to individuals who do not have businesses. Business accounts will not show on your personal credit report. They also do not have to comply with FCRA and FDCPA as they are NOT consumer debt.

]]> By: PattyAnn http://finance.coolgreatstuff.com/is-it-illegal-or-some-type-of-fraud-to-use-business-credit-cards-for-personal-use/comment-page-1#comment-21319 PattyAnn Mon, 29 Mar 2010 20:27:24 +0000 http://finance.coolgreatstuff.com/is-it-illegal-or-some-type-of-fraud-to-use-business-credit-cards-for-personal-use#comment-21319 Businesses get special discounts. If you aren't the business, you are not entitled to those discounts. Legally you are misusing a business card using it for personal, and that would be against the law. Businesses get special discounts. If you aren’t the business, you are not entitled to those discounts. Legally you are misusing a business card using it for personal, and that would be against the law.

]]> By: me-inside http://finance.coolgreatstuff.com/is-it-illegal-or-some-type-of-fraud-to-use-business-credit-cards-for-personal-use/comment-page-1#comment-21318 me-inside Mon, 29 Mar 2010 20:06:58 +0000 http://finance.coolgreatstuff.com/is-it-illegal-or-some-type-of-fraud-to-use-business-credit-cards-for-personal-use#comment-21318 Most companies will fire you on the spot, others will give you a warning if they like you and the amount is small (<$20), others will have you pay it back (if you fail to, press charges) and then fire you after you pay back. Most companies will fire you on the spot, others will give you a warning if they like you and the amount is small (<$20), others will have you pay it back (if you fail to, press charges) and then fire you after you pay back.

]]> By: saved_astronaut http://finance.coolgreatstuff.com/is-it-illegal-or-some-type-of-fraud-to-use-business-credit-cards-for-personal-use/comment-page-1#comment-21317 saved_astronaut Mon, 29 Mar 2010 19:50:20 +0000 http://finance.coolgreatstuff.com/is-it-illegal-or-some-type-of-fraud-to-use-business-credit-cards-for-personal-use#comment-21317 i wouldn't even go there. if i were u, i'd wanna KEEP my job by NOT risking it!!! 2 many ppl out there don't even HAVE jobs who'd really like 2 work. the economy's hurting right now which causes many jobs 2 B cut. u should B very fortun8 u even HAVE a job, b/c many out there don't i wouldn’t even go there. if i were u, i’d wanna KEEP my job by NOT risking it!!! 2 many ppl out there don’t even HAVE jobs who’d really like 2 work. the economy’s hurting right now which causes many jobs 2 B cut. u should B very fortun8 u even HAVE a job, b/c many out there don’t

]]> By: independancy http://finance.coolgreatstuff.com/is-it-illegal-or-some-type-of-fraud-to-use-business-credit-cards-for-personal-use/comment-page-1#comment-21316 independancy Mon, 29 Mar 2010 19:18:11 +0000 http://finance.coolgreatstuff.com/is-it-illegal-or-some-type-of-fraud-to-use-business-credit-cards-for-personal-use#comment-21316 Yes, if you get caught then you will prob have to repay, at least. Yes, if you get caught then you will prob have to repay, at least.

]]> By: jandis5457 http://finance.coolgreatstuff.com/is-it-illegal-or-some-type-of-fraud-to-use-business-credit-cards-for-personal-use/comment-page-1#comment-21315 jandis5457 Mon, 29 Mar 2010 18:58:48 +0000 http://finance.coolgreatstuff.com/is-it-illegal-or-some-type-of-fraud-to-use-business-credit-cards-for-personal-use#comment-21315 If this is a card from your business I don't see what it would matter, I would check with the cc provider just in case. However, if this account is owned by your employer I could see that it could be grounds for termination. If this is a card from your business I don’t see what it would matter, I would check with the cc provider just in case. However, if this account is owned by your employer I could see that it could be grounds for termination.

]]> By: bearr41 http://finance.coolgreatstuff.com/is-it-illegal-or-some-type-of-fraud-to-use-business-credit-cards-for-personal-use/comment-page-1#comment-21314 bearr41 Mon, 29 Mar 2010 18:00:03 +0000 http://finance.coolgreatstuff.com/is-it-illegal-or-some-type-of-fraud-to-use-business-credit-cards-for-personal-use#comment-21314 Yes, it is illegal to use a business account for personal expenses. Yes, it is illegal to use a business account for personal expenses.

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