Hi there i have a very bad credit history and i was wondering if it was possible to be put on my mums credit card as an additional cardholder. Supposedly all my mum does is fills out my details on an application form and i sign it and gets sent away just to add my name onto it. Supposedly it doesnt matter about my credit history as they continue to base this on the conduct of my mums account as she is the actual account holder and she would be responsible if i ran up debt i.e. it would be up to my mum to determine whether or not i am a trustworthy person. I was trying to find any links on google that explain how the additional cardholder works. Someone did say that if my mum was to default with her payments then it would affect me. Let me know what you think.
2007-12-30 10:47:11 · 11 answers · asked by Anonymous in Business & Finance ➔ Credit
As your Mum would be the account holder all queries (non payment etc) would be her issue... If she has been a good customer for a long while,and with her agreement, I don't think a credit check would be needed..must say this is only my thoughts on this.. Who knows?
2007-12-30 10:54:34 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It depends on if you would be joint on the account or just an authorized user. I doubt the credit card company would do a credit inquiry on you in either case.
If you are made joint, then you would be held responsible for the payments just as you mother. The card would be listed and affect both of your credit scores.
If you are just an authorized user, you would not be held responsible for payments. Only your mother would be the liable. The card might appear on your credit report but would not be counted in your credit score (the rules changed).
Instead of asking your mother to put her credit at risk, why don't you work on cleaning up your bad credit history.
2007-12-30 11:16:46 · answer #2 · answered by bdancer222 7 · 0⤊ 0⤋
Dear Jacob: Nope, most hotels require an adult 21 years or older to have minors in the room. Nope, banks require someone 18 years or older to have a credit card. Your parents could be you as an authorized user on their credit card account.
2016-05-28 03:21:53 · answer #3 · answered by ? 3 · 0⤊ 0⤋
Yes, some credit card companies do check all authorized persons on the card.
Legally, the card holder is responsible for the bill, however, it is possible that if the card holder defaults on their financial obligations the credit card company can litigate on alternate authorized signatures that have actively used the card.
2007-12-30 12:06:01 · answer #4 · answered by Deadrea 2 · 0⤊ 0⤋
No, they cannot do a credit check for an "Authorized User" account without permission of the to-be-"Authorized User".
And this would help your credit score - for now. However when the new FICO 08 scores come into use in the near future, authorized user accounts will no longer be considered in the scoring. So you will be back to square one.
2007-12-30 11:01:42 · answer #5 · answered by clawedlemew 3 · 0⤊ 0⤋
They always check the credit history for additional cardholders.
2008-01-01 10:24:31 · answer #6 · answered by Grace 5 · 0⤊ 0⤋
You can add your dog as an additional cardholder (not to be confused with joint account) ....yes its up to your mom to trust you, and if you mess up your being mean to her
2007-12-30 11:56:14 · answer #7 · answered by Anonymous · 0⤊ 0⤋
No they won't do a credit check on you. But just remember that your mom is responsible for paying back anything you spend on that card.
2007-12-30 10:52:33 · answer #8 · answered by lilmissdisorganised 6 · 0⤊ 0⤋
Yes no company will give you credit without checking your history they will want to know your name date of birth address work history etc.
2007-12-30 11:01:35 · answer #9 · answered by RAH RAH 7 · 0⤊ 2⤋
I think that as long as it is under your mom's name, then there should not be a problem being added, assuming your mom approves if first of course.
2007-12-30 10:54:54 · answer #10 · answered by Matt K 4 · 0⤊ 0⤋