Hi all,
I have a corporate card through a very large organisation and I am leaving the company next week to start a new role.
I have never missed a payment but the past month I have ran up a £2000 bill roughly.
Stupid I know and I haven't missed a payment or anything.
My question is.....
My american express doesn't show on my credit file at all.
I can not pay the full £2000 off in one go like you have to every month.
If I didn't pay the bill my understanding and
this maybe naive is that the company I used to work for has to pay it?
If I did not pay it how could it effect my credit report?
I am thinking it won't because it doesn't even show.
If I don't pay the amount I will get a few nasty letters I presume.
My point is if I don't pay the £2000 nothing will really happen?
Am i being stupid, probably am.
If I didnt pay what is worse case? As long as it doesn't affect my credit report I am not really that bothered.
Thanks for help