Best Answer

No. Someone who pays the debt or an authorized user are not liable for the debt. Only someone named as a joint account holder can be held liable.

User Avatar

Wiki User

โˆ™ 2006-03-23 12:15:52
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Can you be liable for someone else's credit card debt if you made their minimum payment every month out of your checking and you weren't a joint card holder?
Write your answer...
Related questions

Can a creditor refuse payment by means other than a checking account?

Yes ... why would a creditor someone even consider taking a credit card payment from someone who has a history of not paying their credit card bills. Think !!!

In Ohio can you be liable for someone else's credit card debt if you made their minimum payment every month out of your checking and you weren't a joint card holder?

No, it does not make the non account holder legally obligated to continue payment nor assume the debt.

Where can one obtain a bad credit home loan with no down payment?

It is not possible for someone with bad credit to obtain a home loan with no down payment. They would need to have a 5% minimum down payment and collateral.

What is the minimum monthly payment on credit cards?

reload credit card

What does Minimum payment in your credit card bills mean What happens if pay less than the Minimum payment?

It's called minimum payment for a reason.. and that reason is that you don't have to pay you're full balance.. but you have to pay the minimum payment. NOTHING LESS

If your credit card balance is 1150 and the minimum monthly payment is 3 percent what is the minimum amount you must pay?

$1150.00 X 3% = $34.50 minimum payment or $1150.00 X .03 = $34.50 minimum payment

What is the minimum payment for a visa credit card?

2% or 20$.

Of these allows consumers to pay for purchases at a later date debit card credit card ATM card checking account?

A credit card allows you to pay for purchases at a later date. Credit card balances have a minimum payment due, but by paying more than the minimum, you save on interest payments.

Credit Card Minimum Payment Calculator?

Credit Card Minimum Payment Calculator Use this calculator to determine how long it will take you to payoff your credit cards if you only make the minimum payments. Enter your credit card information below and press "View Report" to see your payoff details.

What are the minimum payments on a credit card?

Depends on how much you owe. The more you owe, the more the minimum payment.

Why is it unwise to make only the minimum payment on your credit card?

Making the minimum payment on a credit card will only pay on the interest. Say you owe $500 and the Minimum payment is $20. That will be applied mostly to the interest and when the next billing cycle comes you will more then likely still have an outstanding credit line of the $500. In modern times, credit card companies are charging about 19% (Give or take) on outstanding balances.I would suggest that you always pay a little more than what the minimum shows.

What does the term minimum payment mean?

That is the smallest possible periodic payment to a creditor that is necessary to keep the credit account in good standing.

If I pay my minimum payment on a credit card can I spend up to my credit limit after?

Yes. You should try to clear as much as you can though.

What is Minimum Payment?

The smallest amount of a credit card bill that a consumer can pay, to remain in good standing with the credit card company.

Can you be held liable for a deceased credit card debt if you made the minimum monthly payment for them and were not a joint holder?

No, making a payment(s) on someone else's debt does not legally obligate the payer to continue to pay or to assume the debt as his or her own.

Can you send credit cards 5.00 per month and do they have to accept it?

Most credit card companies demand a minimum monthly payment of 5% of your balance owed.If you owe $1000 your minimum payment would be $50.You can send any amount you want. However your balance owing will steadily increase. It will only affect your credit rating.If you pay only the minimum payment each month, it will take years for you to pay your bill.

What is the minimum payment due on a credit card with a 50000 balance?

Most credit card issuers have moved to a monthly minimum payment due of 4% of the outstanding balance. For a $50,000 balance this would equate to $2,000. Some issuers only require 2% or 3% minimum payments, which would equate to $1,000 or $1,500, respectively. You would need to check with your credit card issuer to determine their particular minimum payment requirements. Check out to look at different scenarios.

Thomas charged 2400 on his credit card to buy furniture the interest rate charged by the credit card company is 24.9 percent after one payment the minimum payment on the debt is 50?


If your credit card balance is 1150 and the minimum monthly payment required is 3 percent What is the minimum amount you must pay this month?


What happens if you transfer money from your checking account to your credit card?

When you transfer money from your checking account to your credit card, you make a credit card payment. If you do not have a balance owed on your credit card, then you will have credit or a positive balance on your card.

What are the benefits of having a personal line of credit?

-revolving credit -a credit limit -monthly statement -enable cash advances -minimum payment required -insurance offered

What info goes on a recieipt?

The minimum information on a receipt is the date, amount, purpose of payment, from whom the payment was received, to whom the payment was made, and (optional) the method of payment such as cash or credit card, etc.

What are the options available for Verizon bill paying?

Verizon offers several ways to pay: online by credit or debit card, payment by mail, payment in person, and automatic deduction from a checking account, credit or debit card.

What is the process to be accepted into a IQ Credit Union?

Every IQ Credit Union Business Checking account comes with features and benefits. To be accepted into a IQ Credit Union you have to be accepting credit and debit cards for payment.

What will happen if a partial payment is made on a credit card?

If your payment is smaller than the minimum monthly payment, you'll incur finance charges, under-minimum fees, late charges, and so forth; your account may be listed as past due as well.