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    giraffee72's Avatar
    giraffee72 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 14, 2009, 07:32 PM
    Responsibilities of an authorized user of credit card
    The principal is my daughter and I'm an authorized user. I closed my account several years ago but my daughter accumulated over $7000 without my knowledge. When I pulled my credit report I was shocked to see her balance reflected on mine, affecting my credit score.
    1. Am I also legally responsible for her unpaid balance?
    2. How bad will it affect my credit score?
    3. How can I get out of this mess?
    I have always been responsible and it's sad that I am affected by the irresponsible acts of my daughter. Please advise.
    stevetcg's Avatar
    stevetcg Posts: 3,693, Reputation: 353
    Ultra Member
    		  
    #2

    Mar 16, 2009, 10:21 AM

    Are you an authorized user or a joint cardholder? There is a big difference.

    If you are just an authorized user, it shouldn't be affecting your credit. Many places do not have authroized users anymore. As a joint cardholder, you are as liable for the debt as your daughter.
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