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Can a person tell the credit card company that the debt they owe is someone elses as they gave funds to that person. I thought that if it was your card it was your debt?
Wiki User
∙ 14y ago
I'm sure they can tell the credit-card company anything they like. Whether it makes a difference is another question.
The card-holder has the contract with the credit-card company. There is no way they could legally go after someone else for payment of the debt, unless they were also a signatory to the account. That just seems common sense to me. Sorry I am not a lawyer though.
Wiki User
∙ 14y ago
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How does someone pay for another person's credit card with their credit card?
Phone the person's card company - tell them you'd like to make a payment - then follow their instructions.
If someone with great credit co signs for some with bad credit does it help the person with bad credit?
The person with bad credit pays back the loan that the good credit helped him with in good payment statis. Have payment met on time or a little early will help the person with bad credit. The person with good credit is very generous with his credit. If the bad credit person does not pay on time or falters the loan. the Good credit person will have a problem . Not the bad credit person. Helping someone get back on their feet is a good thing. Make sure that your Good credit is not in jepordy.
If someone gave you all their personal information in a Messenger IM such as their credit card details and you used them can you get in trouble?
You can if you used the information without their permission to obtain goods, services or monies. If that person gave you permission to use their card for a purchase you both agreed upon and they gave you all the credit card information, then that is one thing. However, if you then use that person's credit card info to purchase something else, then you have frauded the person and the credit card company. The person would have grounds to prosecute in court, and if they did not and the purchase was not paid, then also the credit card company would have grounds to prosecute. It is NEVER a good idea to give out your personal credit card info, even to someone you know, for this reason.
How much does a person need to spend on a company credit card before its considered a crime?
If the person is not authorised to use the company credit card, anything they spend is fraud - no matter how much or how little the amount !
Can someone with bad credit co-sign with someone with good credit and get a card using the other person's good credit?
You've got that stated backward. The person with bad credit who needs a credit card would be the borrower. He has to find someone with good credit to be the cosigner. And the cosigner has to really trust the borrower because he is going to be responsible for repaying the card if (when) the borrower doesn't.
How does someone pay for another person's credit card with their credit card?
Phone the person's card company - tell them you'd like to make a payment - then follow their instructions.
Where can someone find information about Experian Credit reporting?
A person can expect to find information about the company of Experian Credit Reporting by going to the companies website and clicking on the about section.
If someone with great credit co signs for some with bad credit does it help the person with bad credit?
The person with bad credit pays back the loan that the good credit helped him with in good payment statis. Have payment met on time or a little early will help the person with bad credit. The person with good credit is very generous with his credit. If the bad credit person does not pay on time or falters the loan. the Good credit person will have a problem . Not the bad credit person. Helping someone get back on their feet is a good thing. Make sure that your Good credit is not in jepordy.
How do i transfer my contract phone into someone else's name?
It is usually not possible to transfer a contract phone into another person's name unless the contract time has expired. Once it has expired, the company that provides the service for the phone will perform a credit check on the person who wants to purchase your phone. If they pass the credit check, the company will write an entirely new contract for the other person.
If someone gave you all their personal information in a Messenger IM such as their credit card details and you used them can you get in trouble?
You can if you used the information without their permission to obtain goods, services or monies. If that person gave you permission to use their card for a purchase you both agreed upon and they gave you all the credit card information, then that is one thing. However, if you then use that person's credit card info to purchase something else, then you have frauded the person and the credit card company. The person would have grounds to prosecute in court, and if they did not and the purchase was not paid, then also the credit card company would have grounds to prosecute. It is NEVER a good idea to give out your personal credit card info, even to someone you know, for this reason.
Who is responsible for a deceased person credit card?
Bank's Insurance company
How much does a person need to spend on a company credit card before its considered a crime?
If the person is not authorised to use the company credit card, anything they spend is fraud - no matter how much or how little the amount !
Can someone with bad credit co-sign with someone with good credit and get a card using the other person's good credit?
You've got that stated backward. The person with bad credit who needs a credit card would be the borrower. He has to find someone with good credit to be the cosigner. And the cosigner has to really trust the borrower because he is going to be responsible for repaying the card if (when) the borrower doesn't.
If you sue someone for charges they make on your credit card do they have to pay you or the company?
The person pays the card holder. The card holder is totally responsible for repayment of debt to the lending institution.
What does credit spreads involve?
A credit spread is when a person purchases some interest in a company and gets a discount on buying more of the same stock. A credit spread is used mostly when the stock is in a troubled company.
What is the purpose of credit report check?
The purpose of a credit report check is to check how a person manages their credit obligations and if they have any history of not paying. If one has bad history then it is more of a risk for a company to give that person credit.
Can someone with no credit cosign for someone?
A lot of creditors will not accept a co-sign from someone with no credit. They want proof that if the person who takes out the loan defaults, the co-signer will have the credit funds available to pay off the loan.
