Here is an important lesson for any company or person that is selling any service that uses added authorized users or tradelines to a consumer credit report in order to improve the credit score. The information below comes directly from the case filed by the Federal Trade Commission and to make sure people don’t feel …
Q. I am wondering if dropping an additional user from my credit card account will impact the credit score of that additional user. I have my daughters as authorized users of my account from the days when they were in college — over five years ago. Now they are married, living independently and have careers …
“Dear Steve, My wife’s mother died in 2006. My wife is an authorized user on one of her mother’s credit cards. We did not notify the credit card company of my wife’s mother’s death in 2006. We simply assumed the debt on the card, took over making payments on the card as agreed, and have …
“Dear Steve, I am a Mother with a recent Chapter 7 Bankruptcy. I put my sons name on 2 of my credit cards as an authorized user in case of an emergency and actually forgot about it …. he never used either card. Now he has those 2 cards listed as Bankruptcy on his “very …
“Dear Steve, MY UNCLE HAD AN ACCOUNT WITH BILL ME LATER FOR MANY YEARS. HE RECENTLY PASSED AWAY AND THIS ACCOUNT WAS STILL USED. I HAD MADE PAYMENTS ON IT REGULARLY. THEN BML CANCELLED THE ACCOUNT AND I AM RECEIVING LETTERS FROM SIMM ASSOCIATES ADDRESS TO MY UNCLES ESTATE. CREDIT LINE WAS INCREASED PERIODICALLY FROM …
“Dear Steve, I have a relative that added my name to their credit card as an authorized person who can sign. The card is not in my name, no credit check was run, I am only listed as an authorized person who can sign if need be. However, I have now noticed that the credit …
“Dear Steve, About thirteen years ago, my Dad was living with us after my Mom passed away. He added me to his Citicard as an authorized user. I have used this card ever since and owe over $30K due to medical issues and too many other unfortunate issues down through the years. I have never …
“Dear Steve, 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 …
“Dear Steve, Credit card in husband name only, but I was a authorized user. On my divorce decree I am responsible for my ex-husbands credit card(that is in his name only,but I was an authorize user) I recently found out that the credit card number in the divorce decree that he gave was closed. What …
“Dear Steve, To much unsecured debt and have never had a ding until this year.. i am 51.. along with a first and second mortgage i would like to know if I go into a charge off state with a few of the unsecured creditors will this effect my Wife’s credit if she’s an authorized …