Q. My son is filing for bankruptcy protection. Both he and my daughter are authorized credit card users on some of my credit cards. Will my daughter and my credit scores be impacted when he files?
A. No. An authorized signer is not responsible for the payment on a credit card. When you applied for the credit card in your name and it was approved, you became the primary person responsible for the account.
A. No. An authorized signer is not responsible for the payment on a credit card. When you applied for the credit card in your name and it was approved, you became the primary person responsible for the account.
When you agreed to allow your son and daughter to become authorized users for your account, the original terms remain the same. Nothing changed except they were allowed to make charges using the credit card but you are the one responsible for making the payments. read more
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