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Sorry you need to re-think this question. Only certain, goverment, institutions can get your credit report legally with out your permisssion. When you ask for any type of credit you usually agree to a credit check somewhere in the form you have filled out. * No. Someone has made an error. Authorized user's of an account are not legally responsible for the debt incurred on the account and any activity on that account should not appear on the AU's credit report. It is entirely possible that the AU has been listed as a second account holder, if the AU has a second card bearing his or her name they can likely be held equally responsible for the debt. It would be in the best interest of the involved party to resolve the matter as soon as possible.
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Is it legal to use another persons credit card?
If they have granted permission. Ideally they'd contact the credit card company to add you as an authorized user.
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.
How do you drop an authorized user from your account?
You can call the lender and close that authorized user account. It no longer affects their credit anyway so there is no damage.
Are you liable for the amount you signed for or the full balance on a credit card if you are an authorized user only?
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.
If you are specified as an authorized user on a credit card account that is not a joint account can your credit score increase?
No, only the primary cardholder's credit score is affected.
Is it true if you add a person to another persons credit card it can improve the first persons credit rating?
If it does report it will show that you are just an authorized user, most cards don't even report authorized users anymore.
What information do you need to give to the credit card company to add an authorized user?
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.
Can an account that has an authorized signatory be transferred to that person even though the account was initially in the other person's name?
No. The authorized user/signer will have to apply for an account using their own credit history.
If you are an authorized user on someone else's major credit card and the account isn't paid does it affect your credit as well?
It negatively affects both the primary and the authorized user credit score and report.
How does the authorized users credit impact the primary users credit?
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.
Will adding an authorized user with bad credit to your credit card effect your credit rating?
NO. IT wILL BE NOTED AS "A" FOR AUTHORIZED USER ON THAT persons credit file. it does does not increase or decrease your credit score. It should boost theirs in you pay the bill on time. JUDE KAGABINES LEXINGTON SC
If you are an authorized user on a credit card and the holder files bankruptcy are you responsible for their balance?
No, authorized users are not responsible for debt incurred on such an account.
