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Will a relative be liable for your other debt if you've been told to get on a their card as a secondary user to try to improve your credit score?
Wiki User
∙ 19y ago
No. If either party defaulted on the account, it would probably have a negative effect on the other person FICO. It is doubtful that this option would render any change in a person's credit rating.
Wiki User
∙ 19y ago
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Are you liable for your husbands credit card?
Yes, you are liable for your husbands credit card.
Is an additional credit card holder liable for the whole debt on the credit card account?
ia an additional credit card holder liable for the whole debt of the credit card account
What happens if one of your credit cards is sold or transferred to another credit card company?
you are still liable to pay what you owe
Can you transfer a spouse's credit balance to credit card?
Yes, you can transfer any balance you want to your credit card. Note if you transfer the balance to your credit card, you are now liable for the full debt and not him unless he is an authorized user on the credit card.
Does cosigning for a car loan build credit for both people?
Of course. Although a consumer would not be asked to co-sign if they also needed to "build credit".Professional lenders insist on a co-signer when they have reason to believe that the primary borrower will not repay the loan. If a lender (who's business is to lend money) believes that your friend or relative is a bad credit risk, why would you jeopardize your credit to help them secure a loan.Co-signing a loan makes both parties 100% liable for the debt.
If you do a credit card balance transfer for a relative and they do not pay can you get out of it legally?
If the debt has been transferred onto your credit card, you are liable to pay. You can sue your relative in small claims court to recoup the money you are owed.
Are you liable for your husbands credit card?
Yes, you are liable for your husbands credit card.
Is an additional credit card holder liable for the whole debt on the credit card account?
ia an additional credit card holder liable for the whole debt of the credit card account
Am I liable for my husband's credit card debt incurred before we met?
NO
Can my spouse be liable for my credit card dept?
Nope.... your debts are YOUR responsibility.
What happens if one of your credit cards is sold or transferred to another credit card company?
you are still liable to pay what you owe
How do you sign a credit application for a business with out being held personally liable?
Its possible to do it and its not......
Can a relative buy a car for you with his good credit and you pay off the loan?
Yes, but the vehicle will legally be theirs in every aspect. The payment will report on their credit and affect their debt levels if they apply for another loan regardless of if you pay it for them or not. If something happens to or with the car, they will be liable. Registration and insurance will be in the name of the person financing the car.
Are you liable for the bill when someone has used your credit card?
If you knew they were using it yes. You are also in breach of your credit card agreement and may also be party to a criminal fraud. If you did not know they were using it, then if you can convince the Bank of this you are not liable; you are a victim of a crime.
When you die do your children have to pay your credit card off?
The estate is responsible for the debts. Anyone on the credit card would also be liable for the debt.
Would my mother's children be liable for any credit card debt she had at the time of her death?
Your mother's estate is responsible for her credit card debt.
Am i responsible for my spouse's credit card debt after they die in the state of Ohio?
Only in certain instances. If your name on the credit card debt? For instance, is it a joint account? If so, you are liable for it. If not, you are not legally liable for it. Some sneaky collection agencies will try to tell you that you are liable when you are not. This is illegal. Learn your rights against collection agencies by reading up on the FDCPA.
