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Question
i am finance secretary of a church. the former pastor left the church i work at and with him a business credit card in the churches name that he was a user on. when i discovered that he had the card i tried to cancel it but the company said that only he could cancel the card. 2 years later after i learned he still was in pocession of the card and using it i called the credit card company again and this time the let me cancel it . today we recieved a message stating the account was in gross arrears. what should i do, i have to answer to the finance committee on this matter. i am afraid it will cost me my job.
Cindi:
Thank you for your inquiry. I regret that you and your organization have been jeopardized and violated in such an irresponsible way, especially by someone whom you all trusted. It is difficult for me to provide advice since I am uncertain of who is actually liable for the debt at this point. You may want to consult with an attorney, so you can better understand what steps can be taken at this point to resolve the debt issues. As for what you should do, the best choice is always to be honest and forthright in explaining the facts of the matter. You did make an effort to stop use of the card, and that should say something about your level of concern in the matter. I wish you the best in addressing the issue, and hope that your committee won't penalize you for someone elses sins.
Respectfully,
Christine Janklow
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Answers by Expert:
Christine Janklow
Expertise
As President of SettleSource,Inc. a business debt settlement firm, I invite you to inquire about all aspects of business debt solutions to best determine which may be most appropriate. If you have questions such as: What is debt settlement and how process provide debt relief to my business? What options are available to deal with my business debts? Is it possible for a business owner to negotiate their own settlements? Why is debt settlement preferable to filing a bankruptcy or debt consolidation? Why are creditors willing to provide settlements to a business? How will settling debts affect credit scores? or How to rebuild a business after debt is eliminated. Please ask it now! For more information regarding how debt settlement can help your business, please visit www.SettleSource.com and place your inquiry. Mention All Experts to have a confidential no cost consultation with Christine. If this is your business situation time may play a very important factor in getting matters resolved proactively before they have negative affects on the business.
Experience
My expertise is specific to providing business solutions that will have profound positive impacts on the financial health of businesses. I have 25 years experience as an entrepreneur and have developed national sales programs; strategic alliances; product development; marketing programs; business and turnaround plans and debt settlement programs all providing methods to improve the financial outlook for large and small businesses. In the area of commercial debt settlement I have over 10 years experience working with large and medium corporations and closely held businesses to enable successful debt reduction and turnaround. I am a professional debt arbitrator and have negotiated with major banking institutions as well as vendors, suppliers and other trade creditors.
Organizations
Provisors;Turnaround Management Association; Los Angeles area
Publications
Accounting Today; Web CPA; National Restauarant Association;Los Angeles Daily News; Today Magazine Monthly series of business articles entitled "Brand News."
Education/Credentials
Bachelor of Business Administration; Associate of Arts Merchandising
Past/Present Clients
American Airlines, American Express, Safeway Inc., New York Life, consumer products manufacturers; retailers, food service industry and other small businesses and service providers.
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