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If a person's name is on a credit card does that mean she is responsible for the charges?
Wiki User
∙ 8y ago
In general, whoever's name appears on the card will be the person responsible for the debt. This is the reason credit cards companies try hard to get a card holder to accept a card in a spouse's name. Thereby assuring payment from someone, one way or another. When you are married and live in a community property state, each spouse is obligated for any debt incurred regardless of who signed the contract. The exception is Wisconsin, which is considered a community property state, but has quite different debtor responsibililty statutes.
Wiki User
∙ 8y ago
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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.
Are you responsible for fraudulent credit card charges?
As a general rule, . The federal government mandates that you can be held liable for only $50 of unauthorized charges, and many credit card companies even waive that. This is if the credit cards were stolen. What may be the sticky point
When are you in credit card debt?
A person is in credit card debt when they have charges on their credit card and can not pay them. A person can make charges on a credit card and make payments at a later date. When a person charges on their credit card, the charge is now a debt that must be paid.
Are both spouses responsible for charges on a joint credit card when separated?
Yes. That's why you shouldn't share an account.
Can a credit card company bill a consumer for unauthorized charges if the credit card was improperly issued by the credit card company and the card was not activated and was stolen from the home?
Notify them that the credit card was stolen to the credit card company and dispute all the charges on the credit card. You would also have to file a police report if the credit card was stolen. The credit card company must investigate the charges.
If you sue someone for charges they make on your credit card do they have to pay you or the company?
The person pays the card holder. The card holder is totally responsible for repayment of debt to the lending institution.
Who are solely responsible for credit card defaults?
It may not be a "sole" party...it is everyone that signed as a responsible party (primary and co-signers) for the line of credit that was used....they are responsible to pay the charges and therefore are responsible if it is in default and the charge hasn't been paid.
What is the advantage of having a cashback credit card?
When one has a credit card which offers cash back one can get cash or a credit to the balance of credit card charges. A certain amount of charges must be applied to the credit card before receiving a reward.
Is an authorized user responsible for payments on Bank of America credit card even though they never used the card or had that card activated?
Authorized users are not responsible for repaying cc charges. Unless they are a spouse of the account holder and live in a community property state. I work at a credit card company and an authorized user is just someone who is able to make charges on the account. The primary cardholderand/or the joint cardholder would be the one responsible for the bill. The payment history may be reported to your credit bureau though. That does happen with some companies.
If your mother-in-law creates a credit card account for your wife when she was a minor is your wife responsible for the charges if she didn't use the card?
Modification to question... If your mother-in-law created a credit card account in your wife's name when she was a minor with the mother-in-law as a co-signer, and your wife did not use the card but the mother-in-law did, who is responsible for the balance?
Can a credit card company hold an agent personally responsible for charges made on behalf of the principal on a company credit card?
The only way is if you signed an agreement to be responsible for the card. The card agreement was first signed by an officer of the company and then added you as a authorized user. But they can't hold you responsible for any of the debt unless fraud is envolved and then you don't need to worry about the card company you will have much bigger problems.
What does charges are declined mean?
When charges are declined, it means that a payment transaction was unsuccessful and the payment method chosen (such as a credit card or debit card) was not authorized to complete the transaction. This could be due to insufficient funds, incorrect card details, or the issuing bank declining the transaction for security reasons.
