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If a parent has a credit card debt appearing on a credit report and the child had a CC under the parent is the child responsible for paying for this debt as well?

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2010-12-28 23:48:22
2010-12-28 23:48:22

Children can not be held liable or responsible for contracts of any type and also do not have any ability to get credit or have a credit rating. That is why their CC is in your name and why only you are responsible for paying their CC debt. All that is impacted here is your credit.

AnswerIf the "child" is over the age of 18 and is a joint account holder and not simply an authorized user then they are responsible for the debt. Additional Information

If the parent co-signed for the child's first credit card and now the child is emancipated. That account should be closedand a new account should be opened in the child's name alone. That is the only way to get the parent's name off the account.

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