another interesting fact when moving abroad, especially China…is not only the time difference but dealing with finances from back home in USA.
So, lets go through this saga step by step –
1) newyorkbarstore.com’s credit card program was bought by American express from GE corporate card – and this specific card program (productivity online) was closed and all cardholders had to pay their bills and the cards were closed.
2) the company couldn’t take this cash flow crunch at once, so we tried to roll it over to my other card.
3) the incoming card, from bank of america, CLOSED my account when they say the incoming balance transfer.
so last night (daytime in USA) I called Bank of American to investigate why my card was closed. After about 4 transfers of operators that were not experienced enough to tell me, I probably got to the “end of the line” operator, as she seemed very experienced in telling customers NO.
“Sir, 2 months ago we have noted on your account that you called saying you were in financial distress”
me: yes, I was having tough times, and trying to see if my financial institution, that was also under financial distress (little jab), could give me some breathing room”
“Yes, sir, well you are not bank of america, you are your own business. So what is your financial situation now, you say it has changed?”
Ok, yes, I am not Bank of America, but I can see that you did an open sale on the stock market to raise capital yesterday. Anyway, yes, I have now improved my financial situation and have additional funding.
“ok, sir, now how much, and what are the details of this transaction”.
Yes, well its from a European company to my company in China.
“China? in US dollar sir, so you are saying these investments and transactions are all overseas international origin. Sir, we need to know what US situation is, you are where now?”
Yes, I am in China now, calling from Skype. I have been making all my payments, my credit score is perfect, I am just asking for a debt consolidation. And I have income. Is there anything wrong with my credit score?
“No sir, it is not your credit score, it is your personal income. We need to verify your personal income, but since the account has now been closed due to financial distress notes and it seems you are not currently residing in USA, this will be close to impossible to re-open. The best I can say is work on your personal income and call Bank of America back in 6 months.”
Ok, well I guess there isn’t much else for me to say. Will this affect my personal credit score?
“no sir, this is a business account and will not affect your credit. Your score is fine. Thank you for calling Bank of American small business card services, have a wonderful day.”