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This is illegal, unless he had your written permission to do so. This is pure fraud and you need to discuss this with him ... NOW!!
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∙ 15y ago
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How do I know if I am approved for a PC Richards and Son credit card?
I meant to say PC Richards and son credit card
What can the credit card company do to you if you have a credit card in your name and your son is an authorized user and he has charged 40000 without you knowing it?
Unfortunately, because the account is in your name and your son is authorized to use the card, you are just as liable as he is for any charges incurred. The credit card company, if not paid, can close the account and reflect unpaid balances or poor payment history on your credit report. Should the account go into collection, they collectors will come after you, not your son. If you get someone helpful on the phone, you may be able to work out a payment plan, assuming the minimun monthly payments are too steep. However, whatever you work out and whatever you do or don't do, it will be reflected in your credit history, not your son's. That's why it's recommended, despite best intentions, not to authorize anyone to use an account in your name. Good luck. Unfortunately, if the card is in your name, you are responsible for the debt. Any and all methods of collection will be used to force payment, including but not limited to: court action, attachment of property and possibly even attaching your wages.
If you get a loan in your name can the car be titled in another name?
No. I recently took a car loan for my son because his credit is bad. The loan is in my name, the title is in his name only. He is listed on the loan as the 'holder of colateral'.
How can you transfer money from your credit card to your son's credit card?
Credit cards are normally used to pay for goods and services - not cash transfers. The only logical way would be for you to get a cash advance from your card company (IF they do that kind of transaction) - then, once it's deposited in your bank account, transfer it to your son's bank account. Once the money is cleared, he can then use that sum to pay off his credit card.
How old do you have to be to get an auto loan?
The age is 18 and with most dealerships you have to have good credit to buy a car. So if your son has a bill in his name or a credit card, the dealership can pull up his credit, and he must be approved. Also, he must have a job or a document showing that he has a steady income coming in.
What was Ludwig van Beethoven's son's name?
Beethoven had no acknowledged or suspected children. He did obtain legal custody of his brother's son, Karl, after his brother died.
Who pays the credit card bill when the decedent's son used decedent's credit card to pay for her funeral expenses and the estate has no money to pay bill Does decedent's son need to pay for the charge?
If the decendent's son was also named on the credit account, (which it must be if he used the card) then he needs to pay the debt. Hopefully, he did not spend money he cannot pay back.
How do I know if I am approved for a PC Richards and Son credit card?
I meant to say PC Richards and son credit card
If you get a loan in your name can the car be titled in another name?
No. I recently took a car loan for my son because his credit is bad. The loan is in my name, the title is in his name only. He is listed on the loan as the 'holder of colateral'.
What can the credit card company do to you if you have a credit card in your name and your son is an authorized user and he has charged 40000 without you knowing it?
Unfortunately, because the account is in your name and your son is authorized to use the card, you are just as liable as he is for any charges incurred. The credit card company, if not paid, can close the account and reflect unpaid balances or poor payment history on your credit report. Should the account go into collection, they collectors will come after you, not your son. If you get someone helpful on the phone, you may be able to work out a payment plan, assuming the minimun monthly payments are too steep. However, whatever you work out and whatever you do or don't do, it will be reflected in your credit history, not your son's. That's why it's recommended, despite best intentions, not to authorize anyone to use an account in your name. Good luck. Unfortunately, if the card is in your name, you are responsible for the debt. Any and all methods of collection will be used to force payment, including but not limited to: court action, attachment of property and possibly even attaching your wages.
My son used my credit to buy a car with me knowing it?
I'm thinking that maybe you mean you didn't know he used your credit to buy a car. If so, he broke the law. The contract should be null and void. Who ever sold him the car could also be at fault for not making sure that this was okay with you. Your son could be in serious trouble.
What are the words used in the sacrament of baptism?
"(Name), I baptize you, in the name of the Father, and of the Son, and of the Holy Spirit"
What does the name addison mean?
The name Addison means " Son Of Adam". The name is used in countries that speak English.
When should Jr or II be used with a persons name to show relationship?
Senior & Junior are used for direct relation, like father and son. I & II are used in indrect relation as when a boy (II) is named after his grandfather(I). When the boy (II) has a son and passes on the same name, that son becomes (III).
How can you transfer money from your credit card to your son's credit card?
Credit cards are normally used to pay for goods and services - not cash transfers. The only logical way would be for you to get a cash advance from your card company (IF they do that kind of transaction) - then, once it's deposited in your bank account, transfer it to your son's bank account. Once the money is cleared, he can then use that sum to pay off his credit card.
Can a son or daughter establish credit by being granted signing authority on the parents credit card?
no
Why did Cleopatra name her son Caesarion?
Cleopatra did not name her son Caesarion. His name was Ptolemy Caesar. Caesarion was a nickname only used in Egypt. It had political undercurrents for Cleopatra as did all her planned actions.
