- Wed Jul 18, 2007 7:26 pm
If you defaulted on the credit card payments then that is a different matter, as that is a separate agreement to the original franchise.
From the way your original post was worded I assumed (and it look like incorrectly now) that the default was placed by the franchise company, because you couldn't keep up payments on that.
Unfortunately, as it is the credit card, then they wont remove the default, as that is a completely separate issue, and they could argue in court that as the franchise was a separate entity to the credit card, you could have made purchases on the card and then failed to keep up payment, thus defaulting, and the judge would agree with them.
Yes I know that payment of the card would have been contingent on the income from the franchise, but that unfortunately is not the concern of the credit card people.