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Adding Tradelines and Authorized Users to Credit Report Can Land You in Court if You Sell Credit Repair

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 …

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The Primary Card Holder Died and We Kept Using the Card as Authorized Users. – Craig

“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 …

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I Got Into Trouble With a Bill Me Later Account. – Anita

“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 …

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Credit Report Shows Me as an Authorized User on a Credit Card. – Kelly

“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 …

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My Husband Added Me as an Authorized User But I Want Off the Credit Cards. – Sandy

“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 …

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I’m Paying Off My Ex-Husbands Credit Card But Only an Authorized User. – Clarissa

“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 …

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If I Take My Wife Off as an Authorized User Will My Bad Credit Stop Showing on Her Credit Report? – Wade

“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 …

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