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What can you do if you were added as an authorized used to a credit card and now the primary is saying you were not and reported fraud?
Wiki User
∙ 17y ago
Somebody had to SIGN that authorization check at the bank for the signature
Wiki User
∙ 17y ago
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If an authorized user on a credit card transfered balances to that card and the primary user of the card files for chapter 7 will the authorized user still have to pay or will the debt be fully wiped?
I'm trying to follow what your really saying: Presumably there is a "primary" ...that would be the one who applied for the credit and signed the agreements to pay the charges. That person requested a card for another person to use, under the primaries credit agreement, and agreed to be responsible for the charges that person made...the credit card company went along with this request...but it was NOT extending any credit, or even had any type of agreement with this other authorized signer. All charges by that person are the responsibility of the primary...the debt from using the card is not to the second (authorized) person...and any debt (if there is one you can prove), would be by the authorized user to the primary...if they had an agreement that the authorized would pay for any use. The primary would be a creditor of the authorized in that bankruptcy. The credit card company isn't a part of it...the debt remains with the primary...regardless of any payment or not he gets from the authorized party or their bankrutcy. And alternatively, if the authorized person made charges and the primary goes BK, that charges are part of the primaries BK, (and may be discharged). Again, if there is an agreement that the authorized would pay those charges, that "receivable" or asset to the Primary must be reported as such in his BK filing.
Can a debt to a foreign creditor be reported to a US credit bureau?
Yes, if there is a legal contract saying that the money is owed it can be reported to the credit bureau. It is up to them to determine if it falls under American Law.
If you allow someone with poor credit history to be an authorized user on your credit card will it lower your credit score due to their poor history?
I was a authorized user on one of my exwifes accounts and did not realize it. I noticed my credit score was going down steadily and was not sure why. Then it made a big plunge so I checked my credit report and fiqured out I was a authorized user on one of her accounts that she had stopped paying on.I called the company and at first they would not take my name off of the account saying it would have to be settled first. I argued with them how could I be responsible for something I don't even see a statement on. It took several calls but I finally reached someone who saw my side of the story. They had trouble deleting my name from the account and had to get a supervisor involded to get me removed. My credit score jumped by more than a 100 points the next month. EDIT: This would have been a good response if the question was "Will my credit be affected if I am added as an authorized user". I think the person answering the original question got the authorized user and account holder in reverse. The answer below is correctly answers the question without confusion. Also...a couple of credit card issuers have policies that hold Authorized Users responsible for their actions and safeguard the Primary Account holders credit file. Credit scores are not affected by the actions of an authorized user. Neither can an AU be held legally responsible for the account regardless of what they may be told by the card issuer. The premise being that an AU has no control over how the account is handled as they do not have access to payment of the account or other issues such as increasing the credit line.
What do you need to know about cosigning a loan?
You are standing up for the person getting the loan and saying that they are trustworthy and honest and will pay the lending institution back, BUT in the event they can not repay........................ YOU....... will pay back their debt.
According to an old saying 1 should Give Credit Where Credit Is what?
Due
Can you co-sign for anything with bad credit?
No, most lenders will be looking at your credit before they accept you as a cosigner. They are looking for someone responsible since you are in essence saying that you will be paying the loan if the primary signer can't for any reason--sickness, death, layoff, loss of job etc. It will be your job as a cosigner to follow up and making sure the primary person is making payments...if they are not you will need to. This will affect your credit if you let it go...and it will not be good. It could also last for years affecting both of your credit reports..
How do you change I saw him just now into reported speech?
You would change "I saw him just now" into reported speech by saying "I said that I had seen him just then."
Why does Skype keep saying that you have no Skype credit?
For some Features of Skype you need Skype Credit!
How do you use credit in a sentence without saying credit card?
The student gave credit to the original author of the quote to avoid plagiarism.
What is the credit score you start off with if you have no credit?
If you don't have credit, you **can't** have a score, since they are solely based on your use of your credit. The bureaus return a report saying "no credit information on file".
Can collection agencies report the same dept more than once and for different amounts to the credit bureaus?
No. You have to put in a dispute saying that the two are the same debt and that there reported for two different amounts. The credit bureau will dispute it for you and have it fixed. The company in most states has 30 days to respond with the correct information. And then the incorrect information will be removed. If they don't respond at all to the credit bureau in 30 days the credit bureau will remove them both completely from your credit report. It is a win win situation.
Why did you get banned on club penguin just for saying poop?
Users all around probably reported you. Maybe so many users reported you that ClubPenguin banned you for 24 hours.
