0
If you are under eighteen and have a credit card are you liable for not paying and what will happen to your credit score when you do turn eighteen?
Wiki User
∙ 18y ago
A better question is how a minor got a credit card? If the card was obtained under false pretense then the debt is valid and the person holding the card will be responsible for repayment whether or not they are a minor. It's doubtful the information would be included on any future credit report, but not impossible if the debt were to become an issue to be decided by a court.
Wiki User
∙ 18y ago
Add your answer:
Earn +20 pts
What is your liability of paying back a business credit card if it had a personal guaranty attached to it and the company has gone out of business?
You are completely liable. That's the point of the personal guarantee. When you agreed to that you destroyed the concept of a corporate shield and are completely liable for the debt.
Are the heirs responsible for credit card debt in the state of pa?
Not on a personal level. Typically the estate is responsible for paying the debts, including the credit cards. If an heir co-signed any paperwork regarding the credit card, they may be held liable.
If you are a authorized user on a credit card and the primary holder is not paying the bill can the authorized user be held responsible?
No. Authorized Users are NOT liable for the debt, only the PRIMARY on the account is liable.
If an executor overpays a beneficiary and the other beneficiaries want the overpayment back who is liable?
The executor is liable for any errors they make in paying debts or paying beneficiaries.
What can happen if you stop paying your lease payment?
Assuming it is about a car, they will take it away, you will lose your deposit and your credit will be ruined.
If a credit card company says you owe them money but it is not on your credit report do you have to pay?
If it isn't on your credit report, the credit card company still has hopes of you paying it off. When they see that isn't going to happen, you can bet your butt that it WILL be on your credit report.
What is the difference between Partnership and Limited Liability Company?
in case of limited liability company the members are liable up to a specific amount or the capital invested by them but in case of partership the liability is unlimited and even the personal properties can be sold for paying up the credit in case of limited liability company the members are liable up to a specific amount or the capital invested by them but in case of partership the liability is unlimited and even the personal properties can be sold for paying up the credit
how can i get help paying my credit cards and hospital bills?
help paying credit cards
How do you fix your personal credit?
Pay your bills, develop a history of paying your bills on time and in full. Repairing your credit doesn't happen overnight. Companies want to have assurances that you are a good risk. Paying a few bills doesn't convince anyone. It takes time.
What is the law in Florida regarding credit cards after death of the card holder?
In Florida, the executor or personal representative of the deceased's estate is responsible for notifying credit card companies of the cardholder's death. The estate is generally responsible for paying off any outstanding credit card debt using the deceased person's assets. Family members are not typically personally liable for the deceased person's credit card debt.
High paying jobs for workers under eighteen?
There are minimal high paying jobs for workers under eighteen years. This is mainly due to the fact that they do not have the qualifications and experience required for such jobs and can only work on entry levels.
What is an Example of good credit?
Paying off all credit cards each month Paying off all credit cards each month
