Contact the credit card company. Usually they will close that account completely and move to a new card for the remaining member.
Authorized users are not legally responsible for debt. Contact the crediting bureau and despute the item (explaining the circumstances.) They have to remove it!
It is the date after which the card account will not be authorized to accept any more charges.
Yes
hell no
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.
Call the credit card companies and tell them that you want her removed as an authorized user from your card.
Credit card companies are usually responsive ONLY to the primary card holder. They generally will not speak to, or honor requests from authorized users.
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.
Authorized users are not legally responsible for debt. Contact the crediting bureau and despute the item (explaining the circumstances.) They have to remove it!
In a word, yes.
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 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
No.
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.
None, cause credit card companies are getting away from co-signers and joint accounts and having authorized shoppers instead. By having only authorized shoppers the full responsibility of the credit card is the Primary card holder.
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