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What if someone put you on the credit card account and said you could use the credit card am i also responsilbe for paying the credit card bill?
Wiki User
∙ 15y ago
In general, NO!
If you did not sign anything to be a member then you are not bound contractually, period!
However, discover has sued people who were put on as authorized uses and then you have to sue back or provide proof that you were just a non-binding card carryer. So they can hold you resposible, but not legally - you may have to fight to get off the account.
BoA allows primary card members to simply enter a name, birthdate, and social security number for an authorized user and then they begin REPORTING to the credit agencies that primary person's credit card activity. So, this can be used to suddenly make it seem like you have a credit card and good credit when you really do not - this is a common technique used by gurus to instantly build credit. But, it will also show up as a defaulted account if the main card member defaults! So if this happens, you will have to all in and claim that you are not the primary card member and have them quit reporting to you (you might also deny that you ever gave permission to be an authorized user!)
Wiki User
∙ 15y ago
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Will a credit card company accept a personal check from you if you are paying off someone else's account?
Absolutely. I have been paying off my boyfriends account for 2 years now and as long as I put the account number on there, they don't care who it is from, as long as they get their money. * In addition, a person who makes payments on someone else's credit card account is not legally bound to continue to do so nor are they responsible for the debt itself.
Will paying an old closed account raise credit more than paying an old open one?
== == There is no difference in credit score increase if you pay a close or open account off. Paying an account is always a good idea, and eventually it will increase your score.
When paying on credit is that classified as accounts payable or receivable?
account payable
What accounts are affected when paying on account?
When you pay on account, the entry is Cash - Debit Accounts Payable - Credit
If you stop paying on a collection account that no longer shows on your credit report can the collection company report the unpaid balance to the credit bureaus?
Yes they can and they probably will. if you are concerned about your credit profile, it would not be a good idea to stop paying.
What happens if someone stops paying their credit card bill?
If someone stops paying their credit card bill, the account will go into collections. Additional fees and interests will be added to the account. Based on the amount owed on the credit card bill, the lender may file suit.
On my bank statment what does counter credit mean?
Money that was paid into your account by someone going into the bank and paying it over the counter
Will a credit card company accept a personal check from you if you are paying off someone else's account?
Absolutely. I have been paying off my boyfriends account for 2 years now and as long as I put the account number on there, they don't care who it is from, as long as they get their money. * In addition, a person who makes payments on someone else's credit card account is not legally bound to continue to do so nor are they responsible for the debt itself.
Will paying an old closed account raise credit more than paying an old open one?
== == There is no difference in credit score increase if you pay a close or open account off. Paying an account is always a good idea, and eventually it will increase your score.
When paying on credit is that classified as accounts payable or receivable?
account payable
Can you send credit from someone to someone else?
No, you can not give credit that you have to someone else. You can loan someone money or your credit card, but you are still responsible for paying the credit card company back.
What do you need to get a credit account with Les Schwab Tires?
Good credit And A record of paying bills on time.
Is paying the minimal on credit cards considered a sign of credit trouble?
Paying the minimum amount due on credit card is not necessarily a sign of credit trouble because it actually makes the credit card account current.
What accounts are affected when paying on account?
When you pay on account, the entry is Cash - Debit Accounts Payable - Credit
You just finished paying off your credit card should you close the account?
Closing the account will remove the temptation to spend up the cards again but, closing the account can actually lower your credit score. You ought to take that question and your private credit information to a credit counselor for a better answer. By the way, CONGRATULATIONS on paying off the cards!
Can paying off a credit card damage your credit score?
No, only if the account is a paid closed account. What affects your score is utilization of your credit limit, which should only be about 25 to 35%.
Can you report a debt someone owes you to the credit bureau if they are not paying?
no
