authorized user

[junker]

if one is an authorized user on someones credit card, do they have to claim that acct in a bk, along with their own credit cards? will the authorized acct be notified of the bk?

[Iamtoobroke]

I am an authorized user only on my mother's Sears account. That account was not listed in my bankruptcy as I have no liability for that account. My attorney knew about this account. Sears has done nothing. I am still authorized to use this account and they did not notify my mother, the account holder. Other credit cards may have varying policies, but this was my experience. I am post 341 and nearly to my 60 days!

[MrSmithster]

same here. my mom has me as a user on her B of A card. i was advised to not list it when i filed(i didnt want her to know of my recent financial probs). so far no notice or suspension. its been 3wks since my 341.

[Flamingo]

if one is an authorized user on someones credit card, do they have to claim that acct in a bk, along with their own credit cards? will the authorized acct be notified of the bk?

As an authorized user, you are not responsible for the account as it is not a "joint" account. As an AU, you benefit from the good credit and ontime payments of the account owner. Therefore, you would not include that account in your filing.

Where being an AU could be detrimental is if the owner of the card has late payments, stops paying and/or files BK while you are still an AU. If you are not removed prior to that as an AU, it will show up on your credit reports.

[frontier2005]

here's my question, im a AU user of my fiance's credit card and she filed last month and i will be filing by july 09 , is this will affect my filing.