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Can you be added to a credit card as an authorized user during bankruptcy?
Wiki User
∙ 10y ago
I seriously doubt it ! A credit check on your name would flag up that you're in the throes of bankruptcy - and thus are a very high risk !
Wiki User
∙ 10y ago
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How long after an authorized user can you get your own credit card?
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.
How much would it raise your credit scores if you were added as an authorized user on a credit card?
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.
What is an 'authorized user' of credit card?
When you get a card you can request to have another user on your card, they will get there own card, but it will be under your credit card. (Example: my hubby has a credit card and I'm an authorized user, so I have a card with the same acct number.) added note:- When adding an authorized user to your account, you are agreeing to any and all charges that person places on the account. If the authorized user chooses to abuse the account, such as making purchases beyond the amount that you are able to pay or by exceeding the limit of the card, the negative effects goes against the primary users credit. The authorized users credit is not affected at all and they are not responsible for payments. So be careful who you chose to add to your card.
What credit card companies allow authorized users?
As far as I know these credit card companies will allow authorized users to be added. 1. CitiBank 2. Barclays 3. CapitalOne (some cards) 4. Bank of America (some cards) 5. USAA There may be more but these are the ones I know about.
If your parent added you to a credit card and was then late on payments does this have to remain on your credit report?
This depends on how you were "added". Were you allowed to use the card as an authorized user, or added to a joint account? In the first situation, it is typical for the bureaus to report the debt on your credit. But, technically, since you never signed a contract accepting liability for any debt, it is not "yours" and you could dispute this. If the latter situation applies to you, then you are jointly liable for the debt and it can show on your credit report for 7 years.
How long after an authorized user can you get your own credit card?
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.
How much would it raise your credit scores if you were added as an authorized user on a credit card?
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.
Will the owners credit be impacted is an authorized user is added?
The owner and/or joint owner are solely responsible for the credit card. This includes everything from making payments, dealing with fraud, being reported to the credit bureaus, etc. If an authorized user abuses his/her credit spending, the responsibility still lies in the hands of the owner of the credit card.
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?
Yes
If you have a credit card account and you added a family memeber but the cc company didn't need their ss number or birthday year just their name only does that mean it's not reported on their credit?
It depends on if they were added on as an authorized user or as a cosigner. If you just give permission for someone to use the card, then it will not appear on their credit report. However, if they sign on the card and agree to take responsibility for repayment, then it should appear on their credit report. If you sign for the card, they should ask for a social security number. My guess in your situation is that they were just added on as an authorized user.
What can you do if you were added as an authorized used to a credit card and now the primary is saying you were not and reported fraud?
Somebody had to SIGN that authorization check at the bank for the signature
What is an 'authorized user' of credit card?
When you get a card you can request to have another user on your card, they will get there own card, but it will be under your credit card. (Example: my hubby has a credit card and I'm an authorized user, so I have a card with the same acct number.) added note:- When adding an authorized user to your account, you are agreeing to any and all charges that person places on the account. If the authorized user chooses to abuse the account, such as making purchases beyond the amount that you are able to pay or by exceeding the limit of the card, the negative effects goes against the primary users credit. The authorized users credit is not affected at all and they are not responsible for payments. So be careful who you chose to add to your card.
If your name was added to your parent's credit card can you have the account removed from your credit report?
Only if you did not authorize it. Then your parents would be charged with credit card fraud.If your parents added you to their account as an authorized user, you are not liable for any balance, whether you charged on the card or not. Authorized users generally did not enter into a legal agreement with the creditor. That agreement only extends to the account holder.However, it is customary and usual for these accounts to show on consumer's credit report. There are numerous lawsuits and class action suits contesting the practice. The bureaus continue to do this because their primary client, the credit card companies, benefit if a frustrated or confused authorized user pays the account.Your situation is different if you were added as a co-borrower to the account. Like the co-signer on a car loan, you would be liable for the full amount of the loan or account.If you dispute any information on this account with the credit bureaus it will be deleted from your credit report. The credit bureau must delete Any account in which you are only an authorized user once information is disputed. I have done this myself accidentally.
Since their clients don't tend to have much money, how do bankruptcy law firms make money?
It costs money to file for bankruptcy. Usually the cost is added on as a credit towards your debt when you file. this site here will give you more information on bankruptcy http://www.boston-bankruptcylawyer.com/article-how-do-bankruptcy-lawyers-make-money.aspx.
What credit card companies allow authorized users?
As far as I know these credit card companies will allow authorized users to be added. 1. CitiBank 2. Barclays 3. CapitalOne (some cards) 4. Bank of America (some cards) 5. USAA There may be more but these are the ones I know about.
If your parent added you to a credit card and was then late on payments does this have to remain on your credit report?
This depends on how you were "added". Were you allowed to use the card as an authorized user, or added to a joint account? In the first situation, it is typical for the bureaus to report the debt on your credit. But, technically, since you never signed a contract accepting liability for any debt, it is not "yours" and you could dispute this. If the latter situation applies to you, then you are jointly liable for the debt and it can show on your credit report for 7 years.
How do i get credit history?
You can get credit history by having a credit card or line of credit. Anything that reports to the credit bureaus that you are paying each month. You can also get some credit accounts added to your credit history by becoming an authorized user on a spouses or family members account. All this doesn't matter if it isn't paid on time, so a credit history length with a good payment history will help your credit score.
