A responsible use of credit is paying off your credit cards each month. Another example of using credit responsibly is using it when you need it only.
The use of a deceased person's credit card would constitute credit card fraud. Unlawful use of a credit card is a criminal offense.
Can you constitute your actions.
I believe that since they are over 18 it is considered a part of the credit history, more so if their name is on the credit card too
That did constitute a valid request.
It can be easier if you use their credit by putting them on title on the home and use there credit, however they will be responsible for the loan and be on title as at least a part owner. If you use another persons credit to do a refinance, the other person must in most title states be put on title and will be responible for the loan even if you both sign which you would have to do.
Probably not because the credit would still be in your name. The guardian would only be able to use the card, but wouldn't be responsible for the charges. The only way to build credit is if the CREDIT, ie the responsibility is in their name.AnswerIf you are referring to being an authorized user of an account, it would not help you to establish a personal credit history. If you mean becoming a joint account holder with the other person then you would be able to establish your own credit history. Keep in mind, as a joint account holder you could be responsible for the entire debt if the other person does not pay their share,(and vice-versa).
Since when can a child have credit? They need a steady job in order to apply for credit. And Mom would have to sign for that, if the child is under the age of majority....so in fact Mom is responsible to pay the bill if the child defaults on payments. Basically it is Mom's credit card.
yes Does such an activity constitute a criminal offence?
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.
Socially responsible companies use renewable resources.
To authorize someone to use your credit card, you can add them as an authorized user on your account. This allows them to make purchases using the card, but you remain responsible for the charges.
Using a credit card without authorization for any amount can constitute a crime of fraudulent use under federal US law. The threshold amount for it to be considered a felony varies by state.