Sentences with phrase «not authorized users on the account»

They did not have any other credit cards or loans and were not authorized users on any accounts.

I was not an authorized user on her account or vice versa... I had planned on making each other authorized users but I had not done it yet.

Not exact matches

The Chase Freedom isn't like other low - interest credit cards — it also offers cardholders a sign up bonus of $ 150 after you spend $ 500 on purchases in your first 3 months from account opening, and an additional $ 25 bonus after you add your first authorized user and make your first purchase within the same 3 - month period.

Being an authorized user can also hurt your score if the account holder doesn't pay the bill on time, so make sure you ask someone with good credit habits.

Becoming an authorized user won't have a huge impact on your score because you aren't legally responsible for debts on that account.

If you don't have the requirements necessary to obtain a credit card, one option available to you is becoming an authorized user on someone else's account.

Only small number of lenders don't like when cardholders have authorized users on their account.

While teens can not apply for a credit card on their own until the age of 21, they can be an authorized user on a parent's account with permission.

You don't meet the spending requirements for the Chase Sapphire Preferred ® Card, or you want to have multiple authorized users on your account

When you default on payments, the credit card issuer isn't allowed to go after the authorized user for payment because the user is just someone who has permission to make purchases against your account.

The authorized user should be taken off the account and the debt settlement (as long as it hasn't already happened) won't show up on that person's account.

If the form is unclear it's ok to ask, «on having a bank account, does being listed as an authorized user on someone else's account count if it isn't my money or bank account?»

1) Get a 100 % clear answer on whether or not you are listed as «joint» or «authorized user / signer» for an account.

You should both have credit cards in your own names (or be true joint owners of the accounts, not just authorized users, where that is possible), and both be on the mortgage / etc.

Despite not being legally responsible for the debt, all history associated with an account held in this way is added to the authorized user's credit file and included in any credit scores based on that file.

If you are an authorized user on a credit card account, and not a co-owner, that credit card account will not appear as an eligible account under your Online Banking ID profile.

Dear Amy, Not only is it legal to report account history that predates you becoming an authorized user, it's based on a legal requirement.

FICO hasn't provided any public detail on that aspect of their scoring logic but many believe they've figured out a way to sniff out scenarios where people have been adding an authorized user to credit card accounts where there's no legitimate relationship between the two consumers.

It will be measured on par with all of your other accounts, meaning it's not discounted simply because you're an authorized user.

If a friend or family member has good credit, and he isn't worried about you messing it up, he can make you an authorized user on his credit account.

Since authorized users are not responsible for payments, most credit scoring models take that into account meaning that even a good payment history will have a lesser impact on your score since it's clear that you're not making the payments.

As a matter of fact, your credit history won't even specifically note that an authorized user was present on your credit account.

Second, if there is a problem with the transaction, your credit card company's protections may not apply since only authorized users on the account should be allowed to make purchases.

Bottom line: If you depend on an authorized user account to elevate your FICO score — whether legitimately or with fraud in your heart — don't bank on it after September.

But even if you can't get the waiver for authorized users, they do get Priority Pass lounge access, which might in itself be worth the $ 75 annual fee for each extra cardholder on the account.

You do not have to use the account or even have a card to be listed as an authorized user or for the account holder's credit to reflect on your own.

Accounts on which you are an authorized user are not included in the report (this could happen with accounts that are in one spouse's name that the other spouse is authorized to use)

As an authorized user, you're not legally obligated to pay the debts that might accumulate on the account.

Unfortunately, nothing... Legally a creditor can attempt to collect debt from whomever is a signer (not authorized user) on the account, regardless of what the divorce decree states.

Should the history be more on the negative side, a nice perk of being an authorized user and not a primary holder is that at any time you can simply have yourself removed from the account by contacting the card company and have the account eliminated from your credit report and score by disputing it with the credit bureaus.

When you're an «Authorized User» on a credit account, it means that you have access to the account but that your credit was not considered in the account's initial approval.

This post originally appeared December 11, 2014, on CreditCards.com as «Authorized users can't access credit account information ``

You can not build credit by being an authorized user on an account.

In this case, it won't count as an open and active line of credit for you and might not appear on your credit report, since as an authorized user, you are only being added as a signer and do not have financial responsibility for the account.

Getting married does not automatically make you a co-signer or even an authorized user on your spouse's accounts.

Federal law does not limit the number or dictate the type of authorized users permitted on any single account.

Parents with poor credit history should think twice before adding children as authorized users on their accounts — not for the sake of themselves but for the sake of their children.

I did not even know he had an authorized user account because it was not discernable on the credit report.

Even your best friend might not want the risk of adding you as an authorized user on a credit card account.

Or what if she didn't, but later on decides to open an account in her name after the authorized user account has been deleted from her credit report?

If you are an authorized user on someone else's account, check your report to ensure that this isn't what's hurting your score.

In either situation, the resulting score is not likely to be as high as the first one that relied on the authorized user account.

Authorized users do not receive their own $ 300 credit; all users on the same card account share the $ 300 credit.

The obvious danger of having someone piggyback on an account is the possibility of the authorized user misusing the card — running up bills, not making payments or both.

Authorized users are not legally responsible for any balances on the owner's account.

Though most, if not all, lenders won't give you your own credit card until you turn eighteen, you can get a credit card by becoming an authorized user on someone else's account.

But, the creditors can not legally collect from you for the debt on the accounts if you are an authorized user.

Explain to the supervisor that you believe you are only an authorized user on the account and, therefore, not financially responsible.

Authorized Users and Delegates can not perform points transfer transactions, but will be able to view any points transfer activity on the Primary's account in their account history.

How to handle friend who cries fraud over authorized user card — When someone makes you an authorized user on a card account, they can't accuse you of fraud later.