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 liable for the debt, only the PRIMARY on the account is liable.
No, presuming the credit card holder makes all the payments he is supposed to...the user is not liable for the debt on the card, and it is not part of his BK.
If you're only an authorized user on a credit card, you don't directly owe anything as far as the credit company is concerned. However, you can still be sued by the individual who has the card account.
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.
Yes, you can transfer any balance you want to your credit card. Note if you transfer the balance to your credit card, you are now liable for the full debt and not him unless he is an authorized user on the credit card.
YES No if you are an authorized user. However, they can put a lien on your house since it is joint but they can not force you to sell it.
No. The only exception would be a married couple residing in a community property state.
No. An authorized user is not responsible for credit card debt in any situation. Sorry, I failed to mention that the exception is if the "AU" is a spouse and the couple reside in a community property state. What if the authorized user charged on the card? Would he be held responsible for that?
Being an authorized user no longer has an impact on your credit score like it used to. In the past, you were able to be added as an authorized user on a credit card, and all of the credit history and credit limit would be reported on your credit report as if it was your credit effectively obtaining unearned credit for the authorized individual. A few years ago the credit reporting industry changed, and no longer recognize an authorized user as credit responsible and therefore it has little to no impact on your credit score. If you would like to obtain credit from this card, contact the card issuer and request to be added as a joint user. If you are jointly responsible for the credit, it will report to the bureaus and impact your score. Approval is still required, but it is typically easier to be approved when you are already and authorized user on a card.
In a word, yes.
A Primary card holder's credit will not be impacted by adding an authorized user.
if you are an authorized user on the card then you are responsible for the card too. so yes they can
When you get a card you can request to have another user on your card, they will get there own card, but it will be under your credit card. (Example: my hubby has a credit card and I'm an authorized user, so I have a card with the same acct number.) added note:- When adding an authorized user to your account, you are agreeing to any and all charges that person places on the account. If the authorized user chooses to abuse the account, such as making purchases beyond the amount that you are able to pay or by exceeding the limit of the card, the negative effects goes against the primary users credit. The authorized users credit is not affected at all and they are not responsible for payments. So be careful who you chose to add to your card.
No, authorized users are not responsible for an account. Only the actual account holder is responsible for all debt that is incurred.
No, Rhode Island is not a community property state and an authorized user is not responsible for the debt incurred.
Only if the married couple lived in a community property state.
No, having her listed as an authorized user will have no impact on your credit score.
Yes. An authorized user, is a term used by CCC's as a safeguard for possible credit card fraud. It does not make the "user" the debtor, or the responsible party for repayment.
No, only the owner and authorized users of the credit card will be reported on the credit card company to the credit agencies. If your husband is an authorized user on the credit card then it will show up on his credit report.
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.
An authorized user is never legally liable for any debt. Authorized users do not fit the definition of "debtor" under the Fair Credit Reporting Act, nor have they signed a contractual agreement obligating themselves to pay. However, if this authorized user is the beneficiary of the decedants' estate, THAT might make them liable for the unpaid bills. This would depend upon the status of any existing will, and (the applicable) state inheritance laws.
It negatively affects both the primary and the authorized user credit score and report.
Only in community property states, also authorized user is just that, now if you signed as co-applicant than yes.
No, as an authoriezed user on someone else's card, any purchases you make goes on the primary cardholder's statement and his credit bureau file, not the authorized user's file
Call the credit card companies and tell them that you want her removed as an authorized user from your card.