if you are an authorized user on the card then you are responsible for the card too. so yes they can
No, only the owner and authorized users of the credit card will be reported on the credit card company to the credit agencies. If your husband is an authorized user on the credit card then it will show up on his credit report.
Only if you have authorized them to do so.
If you are an authorized user of another persons credit it has no effect on your credit at all. It will not raise nor lower your score. The credit card company simple issues you a card with your name on it and then holds the person who holds the credit with them responsible for any charges you make.
If they have granted permission. Ideally they'd contact the credit card company to add you as an authorized user.
If you're only an authorized user on a credit card, you don't directly owe anything as far as the credit company is concerned. However, you can still be sued by the individual who has the card account.
debit Unissued Common Stock credit Authorized Common Stock
No, the credit score of the authorized user will not affect the main cardholders credit score but the authorized users score can be affected as you can see creditcardideas.com/blog/adding-an-authorized-user-to-increase-credit-scores
An authorized user is never responsible for credit card debt. However, if the married couple live in a community property state they are in general terms both equally responsible for all debts.
I'm trying to follow what your really saying: Presumably there is a "primary" ...that would be the one who applied for the credit and signed the agreements to pay the charges. That person requested a card for another person to use, under the primaries credit agreement, and agreed to be responsible for the charges that person made...the credit card company went along with this request...but it was NOT extending any credit, or even had any type of agreement with this other authorized signer. All charges by that person are the responsibility of the primary...the debt from using the card is not to the second (authorized) person...and any debt (if there is one you can prove), would be by the authorized user to the primary...if they had an agreement that the authorized would pay for any use. The primary would be a creditor of the authorized in that bankruptcy. The credit card company isn't a part of it...the debt remains with the primary...regardless of any payment or not he gets from the authorized party or their bankrutcy. And alternatively, if the authorized person made charges and the primary goes BK, that charges are part of the primaries BK, (and may be discharged). Again, if there is an agreement that the authorized would pay those charges, that "receivable" or asset to the Primary must be reported as such in his BK filing.
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.
Contact the credit card company. Usually they will close that account completely and move to a new card for the remaining member.
Notify the company that has the listing, and tell them you are no longer a user on the card.
Your wife, as an authorized user, is not liable for those debts. Have your wife's name removed from the accounts. Wait at least 30 days and then she can try disputing those tradelines with the credit bureaus.
Absolutely not. If that's what happened, talk to a supervisor at the company and have it changed.
No, but generally they receive higher preference than unsecured creditors that issued credit prior to the bankruptcy, should the chapter 11 company go to chapter 7.
Being an authorized user no longer has an impact on your credit score like it used to. In the past, you were able to be added as an authorized user on a credit card, and all of the credit history and credit limit would be reported on your credit report as if it was your credit effectively obtaining unearned credit for the authorized individual. A few years ago the credit reporting industry changed, and no longer recognize an authorized user as credit responsible and therefore it has little to no impact on your credit score. If you would like to obtain credit from this card, contact the card issuer and request to be added as a joint user. If you are jointly responsible for the credit, it will report to the bureaus and impact your score. Approval is still required, but it is typically easier to be approved when you are already and authorized user on a card.
NO. The credit card company won't allow that to happen. It is illegal for ANYONE who is not the card holder, named on the card, to sign for goods purchased with the card. Expanding on the above answer: A minor may be able to use an adult's credit card if the credit card owner has officially authorized the minor to use it. This would require the adult to contact the credit card company to document the minor as an authorized user, because rules/regulations vary by company. Without this formal step, the first response holds true: it would be illegal.
If it was unsolicited (e.g. a credit card company looking into your finances to evaluate whether to offer you a card) then no. If it was authorized (e.g. your applying for credit, applying for a loan) then yes, this can negatively impact your FICO score.
No, they can't accept that the credit card company can make the rule to change. A minor may be able to use an adult's credit card if the credit card owner has officially authorized the minor to use it.
In general, those becoming "authorized users" will not have changes made to their credit report unless (1) they become an authorized user of a company card and that company requires employees to take personal responsibility for charges or (2) they become a joint account holder, making them responsible for all charges. So, if one falls into one of the above camps, the time varies based on the frequency with which the issuer chooses to inform the credit bureaus. Because "authorized user" status does NOT change the liability of the account holder, these types of credit report transactions are not priorities and may take place a few times per year. Wait three (3) months and re-review your credit reports. If the "authorized user" does not disappear, dispute the tradeline with the appropriate credit bureau.
No, having her listed as an authorized user will have no impact on your credit score.
Send them a "copy only" of your credit card agreement that you got from the credit card company that won't do it for you.
It negatively affects both the primary and the authorized user credit score and report.
NO. IT wILL BE NOTED AS "A" FOR AUTHORIZED USER ON THAT persons credit file. it does does not increase or decrease your credit score. It should boost theirs in you pay the bill on time. JUDE KAGABINES LEXINGTON SC