Dear Money Helps: Last fall I left my job at DaimlerChrysler for another opportunity. I had an American Express card for business expenses and filed my last expense report a week after I left. It took months for DaimlerChrysler to process the report, and when it finally did, it didn’t cover $300 in late fees. Isn’t the company responsible? My wife and I are buying a house and are worried that this will hurt our credit. - Mark Moores, Albuquerque
Answer: You’re right to be worried about your credit score. When your company gives you a corporate card, it’ll cover approved business expenses, but it’s your name and FICO score that suffer if there are late payments or other problems.
DaimlerChrysler spokesman Kevin McCormick admits that it took an unusually long time to process your expenses. That’s partly because you were no longer an employee and couldn’t submit your report electronically. So [...]
Original post by and software by
