Credit and Debit Cards

If you have a credit card can you get one for someone as a second card holder who has no credit and cannot get any and will that help their credit?


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Wiki User
2005-11-04 20:54:33
2005-11-04 20:54:33

no-- they are just a second card holder (user). you can add someone without their signature-- therefore the place has no information on them so how could it help them. And beware --- they may not pay it back.


Related Questions

Yes, a second credit card holder has his/her credit card also but of course, they are just under the primary card holder.

Not if you are responsible for all of the loans or credit card payments on your credit report. But, if the second card holder is responsible for any payments on your cards, and doesn't make them, then it can cause your score to lower.

Usually all you need is the person's name and their relationship to the account holder. Credit Card issuers have different criteria for adding an authorized person or a second card holder.

if you mean credit card, it is the responsibility of the PRIME (meaning the person in whose name the card is under) card holder, so it is only ethical that the second card holder pays their own charges,

No. Only is she became a joint account holder, then both persons credit would be affected if any default occurred.

No, the first lien hold cannot claim or collect any monies from the 2nd lien holder. The lien holders sole recourse is with the borrower.

There are many places where one can apply for a second mortgage with bad credit. This includes lenders such as Norton Finance, YBS Online and Vanquis.

It depends. If the second person is just an authorized user, meaning. they are not the responsible party for paying the account. You would only put the primaries social security number, income, and job information on the paperwork. If you put the secondaries private information on the application then it would affect the application.

Under Florida law a spouse cannot be held liable for debt repayment if the debt was not jointly incurred. The issue concerning the second card holder will need to be taken up with the creditor. If the couple were still legally married at the time, the creditor will probably accept the spouse's right to use the account. In which case the account holder will be held liable for all charges pertaining to the account in question.

Not anymore. This year marks the beginning of a new policy for FICO scores regarding authorized users. It will no longer add positive entries to your credit report.

Maybe. If the "second" person is an actual account holder then he or she is liable for the debt. If the "second" person is an authorized user of the account, he or she is not legally responsible for the debt but that does not mean the creditor will not attempt to collect from the AU. Additionally, married persons living in community property states are generally liable for credit card debt and other debts incurred during the marriage even when only one spouse is the actual account holder.

The best option would be to contact the issuer of the card and ask if you are a joint account holder. If you are not on the account, they will not give you any information. If you are an authorized user/second card holder you are not responsible for the repayment of the account. The exception might be pertainint to laws that governing marital accounts in community property states.

The first part that is called for the corn holder is called a "spike". And the second part of the corn holder is called the "ear"

No. However, in the case of a foreclosure sale (or any sale), the first lien holder will always be made whole (paid completely) before any sale proceeds are applied to the subordinate liens.

Yes. The second mortgage holder would take possession of the property subject to the first mortgage.

Is the questioner asking about having a 2nd mortgage on his house, which WOULD show up on his credit records? Or are we talking about the 2nd mortgage holder filing a lien against his property for non-payment? Actually the answer to both is the same. Any actions taken involving credit transactions WILL show up on a credit bureau reportsand will affect his credit standing.

There are no companies that give extra credit after three months. First of all, credit cannot be associated with credit cards. Second of all, if one is referring to rewards, then most extra bonus rewards come from purchases within the first 3 months, not after.

The name of the original ticket holder is printed on the ticket. The second time you use the ticket they check your ID at the entrance.

Yes. Just have the co-signer with the better credit score fill out the application as the first applicant. They won't necessarily even run a credit report on the second applicant.

Assuming the use and payment history is desirable and the account is not new, then yes. In fact, there have been reports of people "renting" their credit history out by putting people on as being authorized or second users, thereby giving them credit history and an account with positive payment status. While this is highly risky, it demonstrates that there can be benefits to being co-user of some accounts in certain circumstances.

Nothing, other than your obligation to repay the person. Credit card debt belongs to the person who has the account. Authorized users and second card holders are not liable for the debt other than to the account holder.

the first mortgage is collateral for the second mortgage.

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