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If you are an authorized user of a credit card but not the primary person on the card what financial responsibility do you have for the accumulated debt?
The financial responsibility of a AU is to the credit card holder not the creditor. AU's are not responsible for repaying the debt incurred, the premise being that the they have no control over the account. Some creditor's will however, attempt to make the AU pay at least a partial of the amount owed, even though the AU is not legally obligated.
What else can I help you with?
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 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 you are a authorized user on a credit card and the primary holder is not paying the bill can the authorized user be held responsible?
No. Authorized Users are NOT liable for the debt, only the PRIMARY on the account is liable.
How does adding an authorized user work on a credit card account?
Adding an authorized user to a credit card account allows another person to use the card and make purchases on the account. The primary cardholder is responsible for all charges made by the authorized user, and the authorized user's activity can impact the primary cardholder's credit score.
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.
Serving the financial division of the government is the primary responsibility of the?
Department of the Treasury
Does the department of secret services work with the department of treasury?
Yes, because their primary responsibility, the purpose for which Abraham Lincoln authorized their creation, is to combat counterfeiting.
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.
What is the primary responsibility of the secretary of transportation?
what is the primary responsibility of the secretary of transportation
The primary responsibility for the adequacy of disclosure in the financial statements of a publicly held company rests with the?
Management of the Company and those charged with Governance.
What is the responsibility of independent auditors?
The primary objective of independent auditors are rendering opinion report on the financial statement that is the responsibility of client management. The main reason auditors need to be independent are to provide credentional for the client prepared financial statements. Therefore, the users (Bankers, Investers and third party) of the financial statement can have unbiased information about the client financial Statements.
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 you are a authorized user on a credit card and the primary holder is not paying the bill can the authorized user be held responsible?
No. Authorized Users are NOT liable for the debt, only the PRIMARY on the account is liable.
If an authorized user on a credit card transfered balances to that card and the primary user of the card files for chapter 7 will the authorized user still have to pay or will the debt be fully wiped?
I'm trying to follow what your really saying: Presumably there is a "primary" ...that would be the one who applied for the credit and signed the agreements to pay the charges. That person requested a card for another person to use, under the primaries credit agreement, and agreed to be responsible for the charges that person made...the credit card company went along with this request...but it was NOT extending any credit, or even had any type of agreement with this other authorized signer. All charges by that person are the responsibility of the primary...the debt from using the card is not to the second (authorized) person...and any debt (if there is one you can prove), would be by the authorized user to the primary...if they had an agreement that the authorized would pay for any use. The primary would be a creditor of the authorized in that bankruptcy. The credit card company isn't a part of it...the debt remains with the primary...regardless of any payment or not he gets from the authorized party or their bankrutcy. And alternatively, if the authorized person made charges and the primary goes BK, that charges are part of the primaries BK, (and may be discharged). Again, if there is an agreement that the authorized would pay those charges, that "receivable" or asset to the Primary must be reported as such in his BK filing.
Who has the primary responsibility to start charter schools?
Citizens have the primary responsibility to start charter schools.
How does it apply to a authorized user on the account and the primary dies and the card is used after the death who is responsible for the debt even if the deceased has no monies in any estate?
The authorized users who had full access to the account are both equally responsible for the debts incurred. The secondary user most likely used the card before the primary became deceased ... just because the primary account holder dies does not dismiss the responsibility of the secondary account user.
Does NATO have primary responsibility for FHA?
Yes, NATO has a primary responsibility for Foreign Humanitarian Assistance (FHA).
