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Not if you are responsible for all of the loans or credit card payments on your credit report. But, if the second card holder is responsible for any payments on your cards, and doesn't make them, then it can cause your score to lower.

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2006-12-09 15:57:58
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If there is an erroneous payment then

These funds last 5 years have limited use and cannot pay for new obligations

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Q: Can adding a second card holder to your credit account affect your credit score?
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Related questions

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

Are primary card holders credit affected by adding a user?

A Primary card holder's credit will not be impacted by adding an authorized user.

Is a secondary credit card holder resposible for debt?

Depends on what "Type" of Credit Holder you are. Here is how that will go: If you are what is known as an authorized user on the account. (i.e. - The Primary account holder has given you permission to make charges on the account), the answer is No. The primary account holder is responsible for any charges he/she has allowed you to make on the account. If you are a Secondary account holder (i.e. -your name was put on the account APPLICATION at the time the card was applied for), then your answer is YES. If the Primary account holder defaults on the account, then the credit card company will turn to try and collect from the Secondary account holder. BEWARE of becoming a secondary holder on anything that has to do with credit. If you know that the Primary holder may default, you could get stuck with a huge amount of debt on your hands, and if you can't pay, your nice credit score of 783 could very quickly go down the drain to 535 or lower.

What information do you need to give to the credit card company to add an authorized user?

Usually all you need is the person's name and their relationship to the account holder. Credit Card issuers have different criteria for adding an authorized person or a second card holder.

What does a credit score of 9001 mean?

Account holder deceased

How can one create a Merchant account with PayPal?

To set up a merchant account with PayPal, one must first create a PayPal account. The account holder then needs to choose one of the three available options for a merchant account. An account holder must also have their PayPal account verified by adding a major credit card or a checking account as a form verification.

How do you get any credit card benefits if one of credit card holder has died?

If you are a joint account holder you can still use the card. The creditor should be notified of the death of the other account holder. They may simply remove the person from the account or require you to open a new account in your name. However, if you are the joint holder you are responsible for the entire amount owed on the account.

Is a joint credit card account holder responsible for the entire debt when the other account holder dies?

Answer credit cardfrom past experience with my mother in law, you are responsible for the credit card balance The surviving joint account holder would be responsible for the entire amount owed.Credit Card DebtUnfortunantly you will be responsible for all of it.

Can a representative check the statement of account of a credit card holder?


What does 'name of account holder' mean?

Name of account holder refers to the name of the person who owns the account. This can be for bank accounts, credit accounts, loans or utility services.

Can you be removed as a joint account holder when you have not placed any debt on credit card?

No you must close the account.

What can happen if you don't pay your credit cards in North Carolina?

The creditor can sue the account holder(s) to recover the debt. The defaulted account will be entered on the consumer's credit report and negatively affect the person's credit score. That type of negative entry will remain on the CR for 7 years.

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