depends on who's name it was under if it was hers yes it is theft if it was under both your names then no you are both legally obligated to pay if it was under your name well looks like you will have to pay
Asked in Credit and Debit Cards
Is it illegal for a store to set a limit on the amount you must purchase on your credit card?
No, it is not illegal. That is what they do when they find, or suspect, that you have maxed out your credit card. ...
What makes your credit score drop?
Late payments, No-Payments, Over the credit limit (Maxed out credit cards), Not having a good mixture of credit (Revolving Account, Installment Loan, Home Loan, Etc), and past history. ...
How can paying down your credit cards lower your credit score?
Paying down your credit cards won't lower your scores-- but paying off and closing the credit cards will lower the scores. You want to show that your cards are not maxed out and you have plenty of room between the credit limit and the balance . ...
Asked in Co-signing, Credit Reports, Credit
If someone with good credit cosigns for someone with bad credit will the cosigner's score decrease much?
That is a variable, it could put you in a maxed out situation where you couldn't get a loan for yourself. You only have so much credit to use. Good Luck ...
Why does your oil pressure gauge remain maxed when run?
Either the gauge or the gauge's sensor is broke. Has the oil & filter been changed in the vehicle lately? ...
Do credit card companies by law have the right to periodically do a credit report on you?
You bet your credit report they do. That is their right ... Banks and Credit Unions will also do this periodically if they so feel inclined. If one is paying all their bills on time and have no delinquent accounts or have their credit cards maxed out, then they should have nothing to fear from a credit report query. ...
Asked in Personal Finance, Credit and Debit Cards, Credit Reports, Improving Your Credit Rating, Money Management, Credit
How high credit cards affect your credit score?
High Credit card balance affect your credit score negatively. See, the debt to credit ratio makes up 10% of your credit score. This means the amount of money you owe on a credit line. The more you owe, the worse it hurts your credit (maxed out cards do the most damage). It is recommended to try to be below 30% of your line of credit. ...
Asked in Companies, Business Networking, Franchising
How much did it take Kevin plank to start under armour?
I read that he had 20k in cash and maxed out credit cards to a total of 40k. So, 60k total. ...
Asked in Personal Finance
How can one get a low APR loan?
Have good credit , over 740 preferably, have no maxed out accounts of any kind, no late payments and no recent credit card applications and even then its only when a credit card company is having these special promotions of 0% APR that you should take advantage of this. ...
Does consolidating student loans affect or lower credit score?
when you consolidate your student loans. It helps your credit score by closing the multiple loans. Your credit report will report the loans you consolidated as PAId/Consolidation. We all know paying a bill helps your credit. Now you have one large bill and as you pay on it ON TIME it will increase your credit score. Also, a rule of thumb is think of your old student loans as maxed out credit cards especially if you haven't paid on them. They...
Asked in Credit and Debit Cards, Credit
What is the most popular credit card?
I don't think there is a most popular credit card but the leading credit card carriers are Amex (American Express) Discover Mastercard Visa Capitol One If your looking to apply for a credit card, don't apply for a bunch on one day, it can mess up your credit. I'm lucky to have just one credit card, but I maxed mine out- so be careful. And never use up all your credit! ...
Asked in Credit Reports, Credit
What is the Meaning of amount owed on accounts too high?
It means that you have maxed out on your credit limit - they are not going to lend you any more money until you have payed off some of your debts. ...
Will having a credit card with a high limit affect your ability to get a loan?
if you obtain a credit card with a high limit it will not affect your credit as long as the card is in good standings .. however if the card is maxed out it could affect your credit score wich will intern stop you from getting a loan. although it may not stop you from getting your loan but it will affect your interst rates ...
Did you guys know my Pokemon team is the most powerful?
ya right i have right now i have a arcanine level 100,shiny maxed stats mightyena level 100, shiny maxed stats dragonite level 100, shiny maxed stats crobat level 100, shiny maxed stats scizor level 100, shiny maxed stats and a cloyster level 100, shiny maxed stats AND I DID NOT EVEN USE A GAMESHARK OR ANY OTHER CHEAT CODES SO HA I WIN ...
Does your credit score go down when you apply for a loan or credit card?
Each time you apply for credit it is noted by the credit bureau. Just applying alone will not have any significant effect on your overall score. However, if you have applied several times in a short period anyone thinking of extending you credit will be a bit spooked by that. For the most part your score is determined by how ell you pay your bills and how well you manage whatever credit you do have. For instance if you carry large...