I have a client name Dr. Thomas who was referred to me for a Small Business Loan for 150,000.00 and then plan was to hire employees and have working capital for business needs.
Dr. Thomas did the application and was initially declined for funding. Looking within the credit report, the client showed 2 late payments that Dr. Thoma's was not aware of.
I advised Dr. Thoma's to get his credit report and see where those late payments were being reported by which we found out by ordering the credit report from Capital One, but Dr. Thomas does not have a Capital One Credit Card.
Dr. Thomas and I called Capital One and after a hour of being on the phone found out a credit card 4 months ago was opened in the client's name. Dr. Thomas filled out a questionnaire with Capital One to dispute the card and filed a police report and now an investigation is under way to clear Dr. Thomas name and credit report.