Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

My Boss owes money but I am named on letter from debt collection agency (UK)
You havent signed a contract, so you are only an authorised contact so you have nothing to worry about at all.  Your credit reference can only be affected if you are a signed party on the contract.  I would imagine that they wont remove your details as you may assist them by contacting your emplorer, and effectively chase the debt for them especially if you seem to be family member or a friend of the business owner. How did you find out about the debt, did they phone you?  If you really want peace of mind, you could write to them and confirm that you are not authorised to be contacted by phone or in writing regarding the debt, and that you are not in anyway liable for the debt and that your contact details must be put beyond use, and as you are concerned, say that if they take any further action against you such as affect your credit ref etc then you will take them to 'your' local magistrates court to seek compensation.  Use strong terms and insist they must do what you ask rather than just say that you would like something done etc.  Say that you 'Will' take further action which is generic, and that you 'May' do specific things so that it sounds strong but you haven't have committed to any thing in particular.  This would most likely be more than enough to stop further contact.