My mom had a credit card and she had a second credit card issued for me. It was still her account but I was an authorized user. Now, it has defaulted and I see it is on my credit report even though it wasn't my account. Do they have the right to do that?
2007-02-27 05:55:15 · 8 answers · asked by RosannaC 2 in Business & Finance ➔ Credit
Several sites, have told me that because I was not a jount account holder and did not sign any agreements with them, it is not my debt and I can fight to have it taken off..does anyone agree?
2007-02-27 06:06:58 · update #1
You can file a dispute with the credit agencies. Since you were not the owner of the card, you might have a case for having the report removed from your account.
However, if you ever charged anything on that card, even one item, the credit card company is going to dispute your dispute by stating that you used the card. They can't come after you for the money because you never agreed to be responsible for the bill but they can leave it on your credit report.
2007-02-27 06:24:10 · answer #1 · answered by Faye H 6 · 0⤊ 0⤋
Okay. Here is a little tidbit about being an authorized user. When you are signed onto someone's card, you have the ability to use the card as if it was your own. The payment history will show up on *everyone's* credit report. So YES, the credit card company is within their rights.
Legally, you are not responsible for the debt as an authorized user - only if it is a joint account.
When people look at your report, they will be able to tell if the accounts listed are individual, joint, or authorized user accounts. They might still hold that against you, even though it's not your debt. That's the risk you take when you are linked with someone else's credit.
2007-02-27 06:56:32 · answer #2 · answered by YSIC 7 · 1⤊ 0⤋
Unfortunately, as an authorized user negative remarks will affect your credit report as well. Get off the account asap and try to get the remarks removed. Authorized users will build their credit if the account holder has an account in good standing, down side is that it can negatively affect their credit as well even if its not their fault.
2007-02-27 06:28:22 · answer #3 · answered by ZX7RR 1 · 0⤊ 0⤋
NO!!! My mother and I had the same situation (only reversed - I authorized HER as a user on MY account). The account was not in default, but was still showing on her credit report. We simply called the company and DEMANDED they remove it since it was my account that I was only allowing her to use - not her financial responsibility. They did.
2007-02-27 06:49:08 · answer #4 · answered by AnastasiaBeaverhousen 4 · 0⤊ 0⤋
Yes, that's the down side of being an authorized user you get the bad credit if it defaults.
The good news is they can not come after you for the debt, just screw up your credit.
2007-02-27 05:58:54 · answer #5 · answered by ? 7 · 0⤊ 0⤋
Yes. It is not your account it is hers, she just has an extra card with your name printed on it. You never had your own account.
2007-02-27 06:03:14 · answer #6 · answered by Jen B 1 · 0⤊ 0⤋
You should get your name off of the card. If you didn't charge anything on it, you could probably be removed from the card.
2007-02-27 06:03:20 · answer #7 · answered by Faith 4 · 0⤊ 0⤋
yes, the accounts are tied together
2007-02-27 05:57:53 · answer #8 · answered by Anonymous · 0⤊ 0⤋