I lived with a person for 5 years and he stopped paying his bills – including mortgages, credit cards etc – probably filing for bankrupcy. The collectors are after him to the tune of $300,000. I had all my own bills and have stayed good with them. I have since moved out. There was one credit card that I was an authorized user on. The CC company told me I was not responsible for the balance. I have been paying on it forever! They have since removed my name from the account and they are issuing a letter to that effect.
I live in Wisconsin. I know the primary card holder will not pay on this cc account and it will go delinquent. The balance is about $4,500. How will this affect me on a credit report if I was a recent authorized user? Other than this recent snafu, I’m in pretty good credit shape. Thanks! for your help.
If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.I'm an Authorized User on a Credit Card. Do I Have a Responsibility to Repay? - Florence by Steve Rhode