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Is a wife who is not a joint account holder responsible for her husband's credit card debt in Illinois?
Illinois is not a community property state, therefore a spouse who is not a joint account holder is not responsible for the credit card debt of the other spouse.
If someone applies for a credit card and adds a relative as a joint card holder does only the primary card holders past credit come into play?
This all depends on the lender. Many lenders will require that a joint card holder must have a good enough credit score to have qualified for the card on their own, while others will only pay attention to the credit score of the primary card holder and just make sure that any joint holders are free from derogatory information. If you are considering adding someone to your credit card account, or being added to a credit card account, ask them before attempting to do so.
Does a second credit card holder receive a credit card?
Yes, a second credit card holder has his/her credit card also but of course, they are just under the primary card holder.
Can an authorized user on a credit card become the sole account holder?
No, credit card accounts are not transferrable. It might be possible for the person to become a joint account holder, but that would depend upon the card issuer's lending policy.
Can you be removed as a joint account holder when you have not placed any debt on credit card?
No you must close the account.
Is a wife who is not a joint account holder responsible for her husband's credit card debt in Illinois?
Illinois is not a community property state, therefore a spouse who is not a joint account holder is not responsible for the credit card debt of the other spouse.
If someone applies for a credit card and adds a relative as a joint card holder does only the primary card holders past credit come into play?
This all depends on the lender. Many lenders will require that a joint card holder must have a good enough credit score to have qualified for the card on their own, while others will only pay attention to the credit score of the primary card holder and just make sure that any joint holders are free from derogatory information. If you are considering adding someone to your credit card account, or being added to a credit card account, ask them before attempting to do so.
How do you get any credit card benefits if one of credit card holder has died?
If you are a joint account holder you can still use the card. The creditor should be notified of the death of the other account holder. They may simply remove the person from the account or require you to open a new account in your name. However, if you are the joint holder you are responsible for the entire amount owed on the account.
Can a joint holder ever be removed from a credit card?
Yes, After balances has being paid in full.
What happens to a joint credit card when one account holder dies?
Both owners of a joint credit card are equally responsible for paying off the balance on the card. When one dies the survivor is responsible for the full balance.
Does a second credit card holder receive a credit card?
Yes, a second credit card holder has his/her credit card also but of course, they are just under the primary card holder.
Can an authorized user on a credit card become the sole account holder?
No, credit card accounts are not transferrable. It might be possible for the person to become a joint account holder, but that would depend upon the card issuer's lending policy.
Can you be removed as a joint account holder when you have not placed any debt on credit card?
No you must close the account.
Is the joint owner on a credit card responsible for the debts?
Answer credit cardfrom past experience with my mother in law, you are responsible for the credit card balance The surviving joint account holder would be responsible for the entire amount owed.Credit Card DebtUnfortunantly you will be responsible for all of it.
If your husband is the primary card holder does that give you credit history in a joint account?
Yes, as long as your listed as a "Co-signer" on the account. Credit is not build if you are just an "Authorized User" if this was a credit card account. Lastly, this all assumes that whatever this joint-account is that it reports to credit.
Is an additional credit card holder liable for the whole debt on the credit card account?
ia an additional credit card holder liable for the whole debt of the credit card account
Is an authorized credit card user responsible for credit card debt if the primary card holder declares bankruptcy?
No. The card holder is responsible for all debt on the credit they extended to him. (You may be responsible to the credit card holder for the debt he incurred for you, if that was your agreement).
