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If you are an authorized user on a credit card and the holder files bankruptcy are you responsible for their balance?
No, authorized users are not responsible for debt incurred on such an account.
If you are an authorized user on your husbands credit cards and you are getting a divorce can you be sued for the balance if he is incarcerated?
No. As an authorized user, you are not legally responsible for his debt. Now, credit score wise, even though you did not create the soon to be bad debt, it still shows up on your credit report.
Can you explain what an authorized user is on a credit card?
An authorized user on a credit card is someone who is allowed to use the card but is not responsible for paying the bill. The primary cardholder is responsible for all charges made by the authorized user.
In Rhode Island is the wife responsible for her husband's credit card if she is an authorized user of the credit card?
No, Rhode Island is not a community property state and an authorized user is not responsible for the debt incurred.
In NY state are you responsible for credit debt when your father or mother pass away even if you are an authorized user?
No. Authorized users are NOT responsible for credit card debt, regardless of the state of residency.
Does the balance on a credit card show on your credit report if you are an authorized user on that card?
In a word, yes.
Will removing an authorized account that has a high balance raise the fico score of the authorized user?
It depends. Does the high balance put the consumer into a position of too much credit? Does this single high balance cause the consumer to have outstanding $100,000 in credit card debt? Or does the amount merely allow for the consumer to show that they can be responsible with making regular payments (with this account being the only debt owed.)
What are the benefits of being an authorized user on a credit card?
Being an authorized user on a credit card can help you build credit history, improve your credit score, and access credit without being responsible for the payments.
How do authorized users work on credit cards?
Authorized users on credit cards are individuals who are given permission by the primary cardholder to use the card. They can make purchases and build credit history, but they are not responsible for paying the bill. The primary cardholder remains responsible for all charges made by authorized users.
How does an authorized user obtain a credit card?
An authorized user can obtain a credit card by being added to someone else's credit card account. The primary cardholder can request an additional card for the authorized user, who can then use the card to make purchases. The authorized user is not responsible for paying the bill, as the primary cardholder is responsible for all charges.
Can you transfer a spouse's credit balance to credit card?
Yes, you can transfer any balance you want to your credit card. Note if you transfer the balance to your credit card, you are now liable for the full debt and not him unless he is an authorized user on the credit card.
When a relative dies and you are an authorized user on one of her credit card accounts and were issued a card in your name are you responsible for paying off the debt?
You may be. Check with an attorney to find out your obligation. You would certainly be responsible for any purchases after the relative died and that might be used as precident to determine if you're responsible for other debt as well.
