Can someone other than a cardholder cancel a credit card without the cardholder's permission If so is the CC company required to notify the card holder?
October 02, 2005 2:54AM
No, not legally anyway. A credit card account is a contract between the card issuer and the person(s) named on the account. Therefore, only the issuer or the account holder can close the account for reasons as specified in the original agreement. Anyone wishing to close an account belonging to another person would need to obtain a POA or court approved conservatorship. Any person(s) who w/o legal authority tampers with another person's financial dealings can be charged with numerous violations of federal and/or state laws. In most instances that would include a spouse and parent(s) of a child who is of legal age.