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Credit card holder but has 2 other authorized users do these have any responsibility to make payments or is this my sole responsibilty?
Better trust those authorized users! You have primary responsibility for any charges. People who cannot get their own cards often do not have credit worthiness, because they don't pay their bills. If they have stuck you with their bills, you should be able to get them off the card, or at least close the account to any additional charges. Do this as soon as you realize what is happening and you will save yourself a lot of grief. (Do NOT let them make you feel guilty)
What else can I help you with?
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.
Can an authorized user assume control of a credit card?
Yes, an authorized user can make purchases with a credit card, but they do not have the legal responsibility to pay off the debt.
What are the benefits of being an authorized user on a credit card account?
Being an authorized user on a credit card account can help you build credit history, improve your credit score, and access credit without being responsible for the payments.
How many cosigners you can have on a credit CARD?
None, cause credit card companies are getting away from co-signers and joint accounts and having authorized shoppers instead. By having only authorized shoppers the full responsibility of the credit card is the Primary card holder.
If a credit card in husbands name only and has late payments does it affect wifes credit?
No, if the wife is not an authorized user on the credit card then it does not affect the wife's credit report. So the late payment will only be on the husband credit report.
Will the owners credit be impacted is an authorized user is added?
The owner and/or joint owner are solely responsible for the credit card. This includes everything from making payments, dealing with fraud, being reported to the credit bureaus, etc. If an authorized user abuses his/her credit spending, the responsibility still lies in the hands of the owner of the credit card.
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.
Can an authorized user assume control of a credit card?
Yes, an authorized user can make purchases with a credit card, but they do not have the legal responsibility to pay off the debt.
What are the benefits of being an authorized user on a credit card account?
Being an authorized user on a credit card account can help you build credit history, improve your credit score, and access credit without being responsible for the payments.
How many cosigners you can have on a credit CARD?
None, cause credit card companies are getting away from co-signers and joint accounts and having authorized shoppers instead. By having only authorized shoppers the full responsibility of the credit card is the Primary card holder.
If a credit card in husbands name only and has late payments does it affect wifes credit?
No, if the wife is not an authorized user on the credit card then it does not affect the wife's credit report. So the late payment will only be on the husband credit report.
Is an authorized signer responsible for credit card debts if the card-holder stops making payments?
No but if something happens to the card-holder, like dieing or being arrested, the authorized signer will be made responsible.
What are the benefits and responsibilities of adding an authorized user to my credit card account?
Adding an authorized user to your credit card account can help them build credit, access funds in emergencies, and earn rewards. However, you are responsible for their charges, so it's important to monitor their spending and ensure timely payments to avoid negative impacts on your credit score.
How do authorized users on credit cards work and what privileges do they have?
Authorized users on credit cards are individuals who are given permission by the primary cardholder to use the credit card. They are not responsible for making payments on the card, but they have the ability to make purchases and use the card within the limits set by the primary cardholder. Authorized users may have access to the same privileges as the primary cardholder, such as making purchases, earning rewards, and building credit history.
Does the credit score of an authorized user on your credit card affect your credit score?
No, the credit score of the authorized user will not affect the main cardholders credit score but the authorized users score can be affected as you can see creditcardideas.com/blog/adding-an-authorized-user-to-increase-credit-scores
How can you build credit if you have none?
You can build credit if you have none by getting a secured credit card, becoming an authorized user on someone else's credit card, or taking out a credit-builder loan. Making on-time payments and keeping your credit utilization low can help establish a positive credit history.
How can you build your credit up when you have none?
You can build your credit by getting a secured credit card, becoming an authorized user on someone else's credit card, or taking out a credit-builder loan. Making on-time payments and keeping your credit utilization low can help establish a positive credit history.
