I have paid off $10,000 worth of credit cards for my husband in 2010 and then he has decided he wanted different credit cards and has added me as authorized user. I want to take my name off of these credit cards (received within the last year).
He has a credit score of 712 at this time. He has applied for more credit cards and has received 2 denials because of how many credit cards he has. I want to buy another home (need to be closer to my mother) and sell the one we are living in now. We live in Illinois.
How much will my credit score be hurt if I remove my name from the new credit cards? Am I responsible for the balance on these cards if something would happen to my husband?
The AnswerIf 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. My Husband Added Me as an Authorized User But I Want Off the Credit Cards. - Sandy by Steve Rhode