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A responsible use of credit is paying off your credit cards each month. Another example of using credit responsibly is using it when you need it only.
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∙ 9y ago
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What if person uses deceased persons credit cards?
The use of a deceased person's credit card would constitute credit card fraud. Unlawful use of a credit card is a criminal offense.
How would you use constitute in a sentence?
Can you constitute your actions.
If your 19-year-old at college is authorized to use your credit card but not responsible for paying it why would it appear on his credit report?
I believe that since they are over 18 it is considered a part of the credit history, more so if their name is on the credit card too
How do you use to constitute in a sentence?
That did constitute a valid request.
Is it easier for a person with poor credit to refinance their house with the help of a cosigner who has excellent credit?
It can be easier if you use their credit by putting them on title on the home and use there credit, however they will be responsible for the loan and be on title as at least a part owner. If you use another persons credit to do a refinance, the other person must in most title states be put on title and will be responible for the loan even if you both sign which you would have to do.
Can you build credit if your guardian adds your name to their credit card?
Probably not because the credit would still be in your name. The guardian would only be able to use the card, but wouldn't be responsible for the charges. The only way to build credit is if the CREDIT, ie the responsibility is in their name.AnswerIf you are referring to being an authorized user of an account, it would not help you to establish a personal credit history. If you mean becoming a joint account holder with the other person then you would be able to establish your own credit history. Keep in mind, as a joint account holder you could be responsible for the entire debt if the other person does not pay their share,(and vice-versa).
Is it illegal to use your child's credit?
Since when can a child have credit? They need a steady job in order to apply for credit. And Mom would have to sign for that, if the child is under the age of majority....so in fact Mom is responsible to pay the bill if the child defaults on payments. Basically it is Mom's credit card.
Can you use the word constitute in a sentence?
yes Does such an activity constitute a criminal offence?
What would a socially responsible company use?
Socially responsible companies use renewable resources.
Who is responsible when your spouse uses your credit card and leaves you with the debt?
You are, I'm afraid. Your credit card is a binding contract that makes you responsible for all debts incurred. It is your responsibility to collect from anyone that you allow to use your card. If the use was without your consent, then it gets a lot more complicated.
Will balances still appear on your credit report after taking out a loan for your sister and letting her use your credit cards if she can't get credit on her own and you have to co-sign?
Yes, as a cosigner you will be responsible for the debt, so it will reflect on your credit report.
Can you get a credit card at age 13?
No, they can't accept that their parents or one of them authorize that they can, and if they do they need to really check that their son or daughter is responsible enough for a credit card. A minor may be able to use an adult's credit card if the credit card owner has officially authorized the minor to use it.
