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Is an additional credit card holder liable for the whole debt on the credit card account?

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2010-03-03 23:14:02
2010-03-03 23:14:02

ia an additional credit card holder liable for the whole debt of the credit card account

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No. Authorized Users are NOT liable for the debt, only the PRIMARY on the account is liable.

No. Someone who pays the debt or an authorized user are not liable for the debt. Only someone named as a joint account holder can be held liable.

Yes, you can are liable for the debt incurred. Using a credit card, debit card, bank account, assets, etc. of a deceased person without being the legal administrator of the deceased person's estate is considered fraud.

An authorized user on a credit card can be responsible on an account in which the primary card holder passes. The creditor looks at the situation as the authorized card holder was able to make purchases with the account, and should be held liable, even in the event of the primary's death.

If you are the account or joint account holder, you are responsible for the entire balance regardless of who incurred the debt. If you are an authorized user you are not responsible for repayment except to the 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.

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.

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.

Absolutely not ! If the card is not i your name - you have no legal responsibility for any outstanding balance. HOWEVER - IF you are named on the account as a joint card-holder - you're legally responsible for fifty percent of the balance, regardless of who ran up the debt. Additionally, if you have a second card on the same account - YOU are liable for the expenses occurred on your and the account-holder is also liable for fifty percent of the balance.

There is a big difference between being responsible for something and being legally liable for it. As far as the credit bureaus are concerned, if the ACCOUNT is yours, it doesn't matter who made the late payments. You, as the account holder, are liable. The information is correctly reported against you.

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.

Liability is limited to the account and the cash in it. if there is any forgery or crime committed by the co-account holder, the other person cannot be held liable (Provided you have proof that you did not indulge in criminal activity) If the co-holder has lots of debt then the debtor can confiscate the cash in the joint account.

Not to the credit card issuer. The account holder is totally responsible for debt incurred on a credit card. The exception is married couples residing in community property states, where both spouses are considered have the same rights to property and assets and the same responsiblity for debts.

No, authorized users are not responsible for an account. Only the actual account holder is responsible for all debt that is incurred.

Yes. Bank is liable to pay the joint account holders jointly without any distinction ( subject to the operation instruction). Thus the liability to the bank also is joint.

If your name is not on the account, and the account is not considered a "joint account" by the credit card company, then you should not be held liable for any debt on your wife's credit cards.

No, you cannot have direct deposits into an account that you are not listed on. However, many account holders can add Power of Attorneys (POA) on their bank accounts, which is basically an authorized user. This person would have the same rights as the account holder, but the account holder is liable for the account. So if the account holder were willing to add you onto the account as a Power of Attorney, then you would have the ability to have direct deposits into the account, as well as full access to the account. The account holder has to go to the bank in-person to do this and must provide identification and sign off on this.

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 InformationIf 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.

Yes, you are liable for your husbands credit card.

No. An authorized user is like a visiting guest in a house. You're able to use all the amenities, but you're not responsible for the mortgage. Only a joint holder on the account -- that is, someone who opened and signed responsibility for the account with another person -- can be held liable for the charges made by the other joint holder.

The actual account holder is the person who is responsible for the debt. If a married couple reside in a community property state, they are usually equally responsible for debts, including credit card accounts.

If you can show it was forged and you did not use the account then you are probably not liable. You should discuss this with a local attorney.


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