X

Christian Living

Finance

Dave Says: Work Ethics for KidsDave Says: Liability for Dad's Credit Card?

Dave Says
Author Biography

Dear Dave,

My dad opened a credit card account in his name a few years ago to help with my college bills, and he made me an authorized user. Now he's delinquent on the card and I'm receiving collection calls and notices. Do I owe the credit card company money?

Steve

Dear Steve,

No, an authorized user is not liable. The account is in your dad's name, and you didn't sign anything. He's the one legally responsible for the money owed.
I want you to be careful, though. Lots of credit card companies will badger people and use all kinds of pressure and guilt trips to try to collect money from people who don't owe them anything. They just want their money, and they really don't care who writes the check.

Get them to remove you as an authorized user today. Send them a letter demanding this via certified mail, return receipt requested, so you'll have proof. Also, make sure they understand that you'll sue them for about $10 million if they don't comply immediately. You shouldn't be reported to the credit bureaus for any of this, but companies can report just about anything—even inaccurate information—to the bureaus.

You have rights as a consumer, and you are not legally liable for credit card debt when you're just an authorized user. But make sure you check your credit report regularly in the future. Some of these companies make a habit of repeatedly downloading misinformation to the bureaus in an effort to bother and bully people into paying debts they don't owe!

—Dave

 

Dave Says
Author Biography
Loading Webform

Can We Pray For You?

Error: There was an internal error submitting your form. Please check your information and try again or call us at 1-800-759-0700
0/500

Get FREE "He Cares for You" teaching sheet

Build up your faith as you meditate on inspiring Scripture verses of how much God loves you

Get more than a Sunday sermon. Get to know others seeking God’s guidance and wisdom for life.
We are here to help and encourage you! Send a prayer request now, or call 1‑800‑700‑7000
Can God change your life? God made it possible for you to know. Discover God's peace now.
Download the free myCBN app. Share your prayer requests, receive prayer and pray for others!
Living the Christian life is a journey. Discover steps to bring you closer to Christ.
Give Now