Was trying to help someone build there credit but didn't know there credit was so bad. Tried switching card to them solely but with there credit so bad can't. Also having a hard time getting them to pay on card.
2006-06-14 16:07:31 · 11 answers · asked by sbecknerjr2000 1 in Business & Finance ➔ Credit
Guess lesson learned. You NEVER do this with a friend and family is questionable. You have to worry about your credit for the rest of your life, so you need to be in control of it, not someone else.
2006-06-14 16:11:28 · answer #1 · answered by unsersmyboy 4 · 1⤊ 2⤋
Will youre not smart for getting a joint credit card account with a friend. You should call the bank and see what they say, try to cancel youre half of the account.
2006-06-14 16:11:21 · answer #2 · answered by SJB 2 · 0⤊ 0⤋
I would close the account. If the amount your friend owe is not astronomical, go ahead and pay off before closing. Tell your friend to pay you when he can. He will be either your friend and pay you or stop being your friend. Still better than ruining your credit. Don't ever cosign anything with a friend again.
2006-06-14 16:13:17 · answer #3 · answered by spot 5 · 0⤊ 0⤋
Stay away from bad financial risk people!!!!!!...some people never grow to be financially responsible. Don't risk your own credit rate...it will hurt you in the future. Trust me on this one.....
Contact the credit card company and explain your dilemma and ask to cancel the account.... Hope is not too much money owed...
try and collect from your "friend" or cut your loses and chuck it to lessons learned in life. Live and learn!
2006-06-14 16:18:54 · answer #4 · answered by Anonymous · 0⤊ 0⤋
ONE dont EVER EVER EVER do this again. truth is all you can do is pay the bill until paid off and then sue this person in small claims because if you dont then it will continue to mess up your credit and they will get away with it. because basically a creditor goes after the person that is capable of paying the bill. we (because i am a collector) don't care about you having a job to pay it. we will take the necessary actions to get you to pay.
2006-06-14 16:54:13 · answer #5 · answered by LVLYLDY98 2 · 0⤊ 0⤋
End the credit card. tell your friend if they don't pay you will take legal action.
2006-06-14 16:13:04 · answer #6 · answered by mely 3 · 0⤊ 0⤋
cancel the card to begin with
then go to their door and shoot their kneecaps , just like the loan sharks
2006-06-14 16:14:31 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Call company, cut off card, and sue your friend, and never, never do this again.
2006-06-14 16:12:14 · answer #8 · answered by MOI 4 · 0⤊ 0⤋
Take them to small claims court....
2006-06-14 16:10:45 · answer #9 · answered by teachingazteca 3 · 0⤊ 0⤋
He/She would soon be an ex-friend.
2006-06-15 12:55:31 · answer #10 · answered by Anonymous · 0⤊ 0⤋