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Can you be sued as an authorized user by primary card holder after he has written off credit card charges as business expense on his tax return?
Yes. It could be written off as business expenses before the debt was collected and adjusted on tax forms afterwards. It really depends on if it was reported as a loss or an expenditure attributed to business dealings. A prudent person would probably leave it as a business expense write off, to avoid the possibility of haggling with the IRS.
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Short answer:It depends on the bank. Most likely though, no. Long answer:It depends on the bank and if the person asking the credit limit increase is a primary card ho…lder. Most banks or credit card companies won't allow a secondary card holder to increase the credit limit. I just called and checked. The bank my credit card was associated with was MBNA.I am a secondary card holder (my name is on the card, but the primary responsibility to the account is under someone else's name).They told me the primary card holder needs to call in to modify the credit limit. So in my case, the answer is no. An authorized user of the card cannot increase the credit limit without the knowledge of the primary card holder.
You can't be sued by the credit card company since it states in the agreement for authorized users that the person is not responsible. As for your family member, I'm not sure …if they would win or be able to prove you didn't pay them back. Yes , you can find yourself in a civil suit as an authorized user. Bank of America has had me in one for years. They attempt to file for Summary Judgment and the judge denies it each time. This is in NC, so you may have better judges in other states who will drop a frivolous suit before you waste days and days of your life. Thanks BoA and Dominion Law Associates T. Camille French. Dirty lawyers are truly what makes this world as bad as it is.
Answer If a credit card is used by an individual authorized to use the account and that person was not aware the primary acct holder was deceased when the c…ard was used, the card company will probably include the charges in the final bill submitted to the estate rep. If death was known they will hold the authorised user responsible for the charges. If the user was not authorized and knew about the death of the holder it was fraud and criminal charges should be filed.
When you get a card you can request to have another user on your card, they will get there own card, but it will be under your credit card. (Example: my hubby has a credit… card and I'm an authorized user, so I have a card with the same acct number.) added note:- When adding an authorized user to your account, you are agreeing to any and all charges that person places on the account. If the authorized user chooses to abuse the account, such as making purchases beyond the amount that you are able to pay or by exceeding the limit of the card, the negative effects goes against the primary users credit. The authorized users credit is not affected at all and they are not responsible for payments. So be careful who you chose to add to your card.
Answer When a credit card is charged off it means that the company has given up on trying to collect funds on the card and they usually sell the rights to a… collection agency and the collection agency will try any means possible to get some money out of you. They usually will send official letters, email, and call your house phone, cell phone and work phone if they have access to this information.
Answer Not to the credit card issuer. The account holder is totally responsible for debt incurred on a credit card. The exception is… married couples residing in community property states, where both spouses are considered have the same rights to property and assets and the same responsiblity for debts.
No, presuming the credit card holder makes all the payments he is supposed to...the user is not liable for the debt on the card, and it is not part of his BK.
No. The secondary cardholder's credit history has nothing to do with the primary cardholder's. The reason for this is even if there are two cards, there is still only one acco…unt for both cards which the primary cardholder is responsible. Jags
pay off their balances each month.
Yes. The point of having an authorized user is for that person to be able to use the credit card of the primary card holder. Usually when an authorized user is created, speci…fic limits (amounts, number of transactions, merchant types, etc.) are set up. Sometimes the authorized user is given a card in their own name and that card may even have a different card number so usage may be tracked by the card company and the primary card holder.
%DETAILS%. Answer . There are a few factors that determine who is responsible. First of all, the names on the cards/accounts, if both spouses are named on the account,more… than likely they can be each be held responsible. If they reside in a community property state, almost all debt is considered joint, though only one of them was the account holder. There are a few other states, that have laws pertaining to how the card was used. They are sometimes referred to as "family necessity statutes", food (not dining out) clothing, medical care, etc. This means a spouse might have to repay some of the debt. These laws seldom hold up when challenged, as they are often difficult to substantiate.\n.
No. All activity on the card should be ceased. The companies should be notified of the person's demise. A copy of the death certificate or other proof of death rendered to th…e ccc's. It is illegal for anyone to use a card in such circumstances.
What is the chance of being sued for a outstanding credit card balance under 700 that he credit card company has already charged off?
Answer Who would sue you? If it is charged off the CC's have given up because it is not worth their time or money. but it could be sold to some collection crooks… that will tell you that they will come after you. If it was wrote off they can't legally collect it, but they are known to LIE and if you make any kind of payment you could again start the whole thing over. Chances are the statues of limitation have run out and then it is noncollectable by any one unless you pay on it.
Were these Charges MADE after the Death of the Card Holder? - if Not - then the answer is NO -- NO -- NO ....Why then do most trustors pay off? Its a step in "wrapping Up" s…omeones affairs - the paying off of Credit Cards and other debts - The "good old soul.. his word was his bond would have wanted it that way! Lets get it clear - Credit Card charges made by a decedent - ARE not subject to repayment if that person cannot by the fact of their death - pay that bill in person by check or moneyorder. The estate has no obligation to pay off credit card charges, only the living person who made those purchases & charges is responsible. Think of it this way - if your relative shot somebody, and then died - would you have to go prison for them? That's not logical! Inheritors of estates large & small are entitled to suffer their loss without private or public harrassment from bill collectors!
If a person has been added as an authorized user in the past on a credit card and the primary card holder has requested they be removed as an authorized user will the account discontinue being reporte?
Yes, usually, but not always. It depends on the credit card, and whether you have the information required. Sometimes the primary user has to activate them, but then the o…ther authorized users can use them. For instance, this is the message on a popular credit card site: "If you are an Authorized User for this credit card account you'll need to have the Primary Cardmember's date of birth and the last 4 digits of their Social Security Number. If they don't have a Social Security Number you'll need their billing address zip code." So, unless you are the primary user, or have the primary user's information, you can't activate until they activate it.
In State Laws
If you are an authorized user on a credit card and the primary holder dies are you resonsible for the debt?
An authorized user on a credit card can be responsible on an account in which the primary card holder passes. The creditor looks at the situation as the authorized card ho…lder was able to make purchases with the account, and should be held liable, even in the event of the primary's death.