top Ad Widget

Collapse

Announcement

Collapse
No announcement yet.

My Daughter was a.......

Collapse
X
Collapse
 
  • Page of 1
  • Filter
  • Time
  • Show
Clear All
new posts
Previous template Next
    #1

    My Daughter was a.......

    authorized user on two of our cc she did not run up the debt she always paid what she charged. She is away at college so that's why we gave her a cc. I have taken her off the accounts as soon as I knew we would be filing bk how will this affect her and if it does should we tell her
    Tags: None
    #2
    If she was just an authorized user it will not affect her. If she was a joint owner on the account it will.
    Filed Ch 13 Feb 9, 2012, 341 meeting Mar 15, 2012, Confirmed Apr 5, 2012
    Anticipated freedom party Apr 2015

    Comment

      #3
      Originally posted by TheBajan View Post
      If she was just an authorized user it will not affect her. If she was a joint owner on the account it will.
      I hope so on other threads I have read on this board authorized user had it show up on there credit report.

      I answered your request

      Comment

        #4
        I was an authorized user on my hubby's card (we failed to remove each other prior to filing) and it shows as derogatory on each of our CB reports. We do live in a community property state (that may change things).

        If she is off the card before you file - it shouldn't be any mark on her credit report (other than she will have lost a few points for account age and available credit).

        And if she finds out? You have an honest talk with her about money. It is what it is.

        Good luck!
        ~~ Filed Over Median Income Chapter 7: 12/17/2010 ~~ 341 Held: 1/12/2011 ~~ Discharged: 03/16/2011 ~~
        Not an attorney - just an opinionated woman.

        Comment

          #5
          We put our son on 2 of our cards as an authorized user when he was in college.... fast forward 5+ years and we filed BK, totally forgetting about him being on the cards. Just before our discharge, he tried to purchase a new car and his credit scores were trashed because of this. Disputed with card companies and CB as not his debt and it was removed and his scores went back up to pre-filing figures. It is more difficult to remove the authorized users after you have filed, so better to take care of it beforehand.

          Comment

            #6
            Originally posted by help1234 View Post
            We put our son on 2 of our cards as an authorized user when he was in college.... fast forward 5+ years and we filed BK, totally forgetting about him being on the cards. Just before our discharge, he tried to purchase a new car and his credit scores were trashed because of this. Disputed with card companies and CB as not his debt and it was removed and his scores went back up to pre-filing figures. It is more difficult to remove the authorized users after you have filed, so better to take care of it beforehand.
            This is very new info for me! Sorry to have given bad information but I was always under the [wrong] impression about this.

            That's what's so great about this forum... the collective knowledge is amazing! This is something I will keep in mind for future reference.

            The Bajan
            Filed Ch 13 Feb 9, 2012, 341 meeting Mar 15, 2012, Confirmed Apr 5, 2012
            Anticipated freedom party Apr 2015

            Comment

              #7
              Originally posted by help1234 View Post
              We put our son on 2 of our cards as an authorized user when he was in college.... fast forward 5+ years and we filed BK, totally forgetting about him being on the cards. Just before our discharge, he tried to purchase a new car and his credit scores were trashed because of this. Disputed with card companies and CB as not his debt and it was removed and his scores went back up to pre-filing figures. It is more difficult to remove the authorized users after you have filed, so better to take care of it beforehand.

              Yes we have already taken her off and haven't filed yet

              Comment

                #8
                Originally posted by TheBajan View Post
                This is very new info for me! Sorry to have given bad information but I was always under the [wrong] impression about this.

                That's what's so great about this forum... the collective knowledge is amazing! This is something I will keep in mind for future reference.

                The Bajan

                That is what is so great about these boards we always learning something and I would have thought the same thing you did being the newbie that I am

                Comment

                  #9
                  Did you have to provide the creditor with your daughters DOB and SSN in order for her to be issued the authorized user card? Some creditors do not require this information and will prevent the authorized user from being affected by BK.
                  The information provided is not, and should not be considered legal advice. All information provided is only informational and should be verified by a law practioner whenever possible. When confronted with legal issues contact an experienced attorney in your state who specializes in the area of law most directly called into question by your particular situation.

                  Comment

                    #10
                    Originally posted by HRx View Post
                    Did you have to provide the creditor with your daughters DOB and SSN in order for her to be issued the authorized user card? Some creditors do not require this information and will prevent the authorized user from being affected by BK.
                    I'm not to sure if I did or not have to think about this one Pam

                    Comment

                    Previous template Next

                    bottom Ad Widget

                    Collapse
                    Working...
                    X