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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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What can you do if a credit card on which you were an authorized user is showing up as a charge off on your credit report?
Authorized users are not legally responsible for debt. Contact the crediting bureau and despute the item (explaining the circumstances.) They have to remove it!
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.
If someone is an authorized user on a credit card although not liable to the credit card company are they liable to the primary card holder?
%DETAILS% The options of the account holder are the same as the creditor. If the person who made the charges is unwilling to pay, a lawsuit (usually in Small Claim…s) can be filed. When considering legal action remember, unless there is a guaranteed way of collecting a judgment, the plaintiff may be "throwing good money after bad." Yes. If you made purchases on a someone else's credit card, you are liable. None of us can change the laws of the universe. We all have to pay what we owe. None of us get something for nothing. Even if the person you owe never collects, you will end up paying in one way or another. Technically, to "collect" from you, the card holder may have to take you to court and get a judgment against you. Even then, collecting on a judgment is not the easiest thing to do. Nevertheless, you may be losing in some other, less tangible way. But you will end up paying somehow. This is why it is always advisable to pay what you owe. It is often cheaper, easier and less stressful in the long run to take your lumps and do things the right way in the first place.
Is a person who is only listed as an authorized user on a credit card but never used it liable for the debt if the primary holder files bankruptcy?
%REPLIES% Answer No. An authorized user is not responsible for credit card debt in any situation. Answer Sorry, I failed to mention that the excepti…on is if the "AU" is a spouse and the couple reside in a community property state. Answer What if the authorized user charged on the card? Would he be held responsible for that?
Business partner is authorized user on credit card and business is dissolving does the primary card holder own what was purchased by authorized user?
Ownership is an issue not covered by credit laws. There may be other statutes that deal with this issue. "Possession is nine tenths of the law" comes to mind. Creditors are on…ly concerned with the money due them. An authorized user does not qualify as a "debtor" under the Fair Credit Reporting Act and therefore never has liability. The primary card holder would have liability regardless of who purchased the items/services and who has "ownership".
When asked must credit card companies remove you as an authorized user from an account even without the consent of the primary card-holder?
Answer Credit card companies are usually responsive ONLY to the primary card holder. They generally will not speak to, or honor requests from authorized users.
Can you be responsible for the primary user credit card charges even when you were removed from being an authorized user?
Answer If you were only an authorized user and not a joint account holder, you should never be responsible for the primary account holder's debt.
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?
If you are a authorized user on a credit card and the primary holder is not paying the bill can the authorized user be held responsible?
No. Authorized Users are NOT liable for the debt, only the PRIMARY on the account is liable.
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.
Is an authorized credit card user responsible for credit card debt if the primary card holder declares bankruptcy?
No. The card holder is responsible for all debt on the credit they extended to him. (You may be responsible to the credit card holder for the debt he incurred for you, if …that was your agreement).
Is it fraud for an authorized user to make charges after the death of the primary credit card card holder?
You were an authorized user of the card and should be able to use it any time. It's not a fraud for you to use the card. That is... unless you made the charges on the …card while knowing that the bill would not be paid because of the primary card holder's death. That could be considered fraud.
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.
Can you take the fees credit card companies charge you for accepting credit card cards in your business as a tax write off?
These fees are part of the cost of doing business and reduce your taxable business income the same as other business expenses do.
NO. Only the primary and/or joint owners are responsible for paying the owed balance, even if all charges were accrued by an authorized user. They are also the only ones 1) he…ld accountable if the bill is not paid and 2) whos credit rating is affected.
A Primary card holder's credit will not be impacted by adding an authorized user.
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