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Can a primary card holder's name remove himself from an account leaving only the secondary card holder's name?
Any account that carries a balance that is owed by both parties will not go away when one party takes their name off an account. That will not work that way with the lender.
How can the primary account holder remove the name of the secondary account holder without closing the account?
This is usually not possible. You should check with your bank for details on their specific procedures because every bank is different. However, most banks will require you to close the account and open a new one - removing just one person is not possible. This is to remove any confusion that could occur as a result of removing someone from an account. The only times a person can be removed from an account are typically due to death or if the account is a business and an authorized signer needs to be removed for business needs.
How do you remove one joint account holder?
Speak with the bank rep or bank manager; and have them remove the person as a signer to the account and then you will have to resign a new signature account.
Is a bank account levy good for only one time or will the account holder have to forfeit the funds of every paycheck?
In the majority of U.S. states a bank account levy is valid for one withdrawal withing 30 days of the date of execution. If the debt is not satisfied the judgment holder must refile the judgment as another bank levy. Generally a bank account levy can only be executed once 60-90 days after the original action. Unfortunately, in most cases the judgment holder can remove whatever amount necessary from the account to pay the debt, even if that means the account holder is left with no funds. This is only one reason that a bank account levy can be so damaging. Specific laws apply to joint accounts as to how and when the account can be levied when only one account holder is the judgment debtor.
Can a secondary holder be held liable for a debt after he has requested that his name be removed from the account?
The person would be equally responsible for any debt that was incurred before requesting they be removed from the account. The answer to this question depends on what you mean by the term "secondary holder". Any two persons who jointly sign a contract for a debt until it is paid are liable for the balance. This applies to mortgages, car loans, student loans and other types of closed-end installment accounts. There is nothing that can remove a name from the contract. Revolving accounts, like credit cards, are different. It is possible to open an individual account and add another user, an authorized user, to the account. It is customary for this account to be shown on both person's credit bureaus files. In actuality, only the initial account holder has true liability, since only that person qualifies as a "debtor" under the strictest terms of the Fair Credit Reporting Act. I've experienced many instances where someone's name was "removed" from an account, IN CUSTOMER SERVICE RECORDS. This has simply made it more difficult to track down the correct nature of the account and has never taken someone's name off a contract, nor relieved their contractual liability.
Can the primary account holder remove his name from an account leaving only the secondary account holder?
Not enough information. What kind of account? What are the institutions, or the lenders rules regarding this? Was it done with criminal intent?
Can a secondary card holder remove himself from an account leaving only the primary card holder's name?
Usually, a new card is issued in the primary card holder's name. Usually both parties on a credit card have to sign off to eliminate the secondary card holder. Your credit card holder can help you with this.
Can a primary card holder's name remove himself from an account leaving only the secondary card holder's name?
Any account that carries a balance that is owed by both parties will not go away when one party takes their name off an account. That will not work that way with the lender.
Can you remove a persons name from your checking account if they are not listed as a primary?
If the person's name is not listed as a primary account holder, you usually cannot remove their name from the account. Only the primary account holder can make changes to the account. A joint account holder can be removed if both parties agree, but it may be best to speak with your bank for specific guidance on your situation.
Can a secondary account holder remove his name from an student loan account?
In the US, only if the primary borrower consolidates the loans into one new loan in only their name. Click on the link below this text box for help with consolidation.
How can the primary account holder remove the name of the secondary account holder without closing the account?
This is usually not possible. You should check with your bank for details on their specific procedures because every bank is different. However, most banks will require you to close the account and open a new one - removing just one person is not possible. This is to remove any confusion that could occur as a result of removing someone from an account. The only times a person can be removed from an account are typically due to death or if the account is a business and an authorized signer needs to be removed for business needs.
When asked must credit card companies remove you as an authorized user from an account even without the consent of the primary card-holder?
Credit card companies are usually responsive ONLY to the primary card holder. They generally will not speak to, or honor requests from authorized users.
How can an authorized user on a credit card become the primary user?
An authorized user on a credit card can become the primary user by requesting the primary account holder to transfer the account to their name. This usually involves contacting the credit card issuer to discuss the process, which may include a credit check and approval based on the authorized user's creditworthiness. Once approved, the authorized user will assume full responsibility for the account, including payment obligations. The primary account holder may also need to remove themselves from the account during this transition.
How do you remove one joint account holder?
Speak with the bank rep or bank manager; and have them remove the person as a signer to the account and then you will have to resign a new signature account.
How do you get any credit card benefits if one of credit card holder has died?
If you are a joint account holder you can still use the card. The creditor should be notified of the death of the other account holder. They may simply remove the person from the account or require you to open a new account in your name. However, if you are the joint holder you are responsible for the entire amount owed on the account.
Can the cosigner remove her name from a loan if the the account was taken to court and judgment was only made against the primary account holder and not the cosigner?
Generally, the co-signerdoes not have any authority or means to remove their name from a loan. That would involve altering the loan documents and the lender's records. The loan is owned by the lender.
Can second holder be removed if dead from joint account?
Yes, most banks will remove a name from an account when presented with proof of death.
