2007-11-12 12:13:24 · 7 answers · asked by vwilli 1 in Business & Finance ➔ Credit
In the end you are not. If it goes on your credit report write a letter and fight it.
Kourtnie
Prosperity Financial
2007-11-12 23:25:44 · answer #1 · answered by Kourtnie D 4 · 0⤊ 0⤋
An authorized user generally has no liablity for wrongdoings on the card. It's not even supposed to show up on your credit report.
(HOWEVER... some companies were reporting authorized users some time ago... so you may want to see what is going on with it by obtaining your free credit report.)
Also, make sure you are an AUTHORIZED user not a JOINT owner. Those two words make a world of difference!
2007-11-12 20:22:32 · answer #2 · answered by Nicole H 2 · 3⤊ 1⤋
Well, if you are an authorized user on someone else's credit card (i.e. - you use Dad's credit card)... then your Dad is ultimately responsible to pay. Now, there is no telling if he will want a piece of you afterwards, though. Good luck.
2007-11-12 20:19:16 · answer #3 · answered by irunthe262 2 · 1⤊ 1⤋
no because you're social security # and none of your personal information was used to open and or establish the account amd so you wont go into collections. but if any of your contact information is notated, you will bo contacted regarding payment but as far as your credit goes, you're fine. though the collection agency may threaten you otherwise. and if somehow this gets noted on your credit, you;d simply disopute it with the credit bureau and it wouold be taken off. simple.
2007-11-12 20:21:44 · answer #4 · answered by GG 7 · 0⤊ 1⤋
Authorized users have no liability. The ultimate responsibility is the owner of the account. He/she may have been foolish in trusting you. I hope you don't get beat up over it.
2007-11-12 20:56:11 · answer #5 · answered by heirophant123 2 · 1⤊ 1⤋
Yes.
2007-11-12 22:33:22 · answer #6 · answered by !!! 7 · 0⤊ 2⤋
You used it? Yes, you are responsible.
2007-11-12 20:17:58 · answer #7 · answered by TedEx 7 · 0⤊ 4⤋