If the credit cards are in HIS NAME ONLY, then no. You do not have to pay them off.
Thay can get a court judgment against you and they can attach a lien to your home if you own a home.
In the way the world is now, a kid can go to jail if they use their parent's credit cards.
The new credit card law called the Credit Card Reform affects students by not letting card issuers lure students in with freebies or offers for a credit card application. This law limits issuing credit cards to people under the age of 21.
The Consumer Financial Protection Bureau (CFPB) is an independent unit located within and funded by the United States Federal Reserve. It is also currently affiliated with the U.S. Treasury Department. Its main purpose, among others, is to promote transparency and fairness for consumers regarding mortgages, credit cards, student loans, and other consumer financial services.
"According to the research I have just recently conducted regarding this question, I have discovered that Montgomery Credit does indeed offer credit cards."
A holder where you can put a single card or a multiple of different cards. the cards can be credit cards or dibit cards etc. lol jk its someone who is signed to a specific card which is thiers; its in their name.
One can find information regarding Citi credit cards on Citi's official website. On this site they give customers a long description of information about these cards.
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Amazons credit cards provide the holder with more discounts on the amazon website and they will be informed on new deals only available to them as a reward for using them.
Not if you are responsible for all of the loans or credit card payments on your credit report. But, if the second card holder is responsible for any payments on your cards, and doesn't make them, then it can cause your score to lower.
There are no laws that limit the number of credit cards one can have, but there is a 'law' of common sense. Too many credit cards and too little money equals a lot of debt.
Secured credit cards are credit cards which offer the same spending advantages as traditional credit cards, however the individual must provide the initial starting credit. Therefore, if a secured credit card has a 300$ limit, that initial 300$ is usually provided by the individual. These types of credit cards are used by people with a history of bad credit, or to re-establish credit. Many local banks, such as Bank of America and Wells Fargo have information regarding these types of cards listed on their websites.
"Information at the american express web page has all sorts of information regarding the type of credit cards that are offered by american express,including the fees, interest, benefits of being an american express card holder."
Yes. Even though credit cards are considered unsecured transactions, the account holder can be sued by the original creditor or a third party collector for the debt.
The most obvious way would be to check the statements for usage. And all credit cards should be notified as soon as possible of the death of the holder and the accounts cancelled.