Are Co-Applicants Responsible for Credit Card Debt?
Author: Cassie
Posted: Mon Jun 28, 2004 11:51 am
Post subject: Are Co-Applicants Responsible for Credit Card Debt?
9/21/2002 7:27 pm CDT
My husband recently declared bankrupcy. For years our financial arrangements have been separate, so since my credit cards (in my name only) are current and most of them have zero balances (my credit report was very good, no black marks at all), there was no need for me to go that route. One credit card company has popped up and contacted me to inform me that I am now liable for the balance on that card since it was a joint credit card. I'm not sure I believe them. The statement was addressed to both of us which usually means a joint credit card. I was willing to attempt to arrange a payment schedule and try to pay on this account and asked to be furnished with a copy of the application bearing my signature. I was informed by their representative that such documents are only kept for five years and is no longer in their files and, therefore, cannot be furnished to me. My question is, can they still force me to be responsible for this debt even though they can furnish no signature of mine accepting responsibility. I want to pay my debts, but I doubt that this is truly my debt. Before you go into the aspects of have I used this card and benefited from the purchases made on it -- the ansewr is a definite "no" I have never used the card and I have no idea what he purchased with it so I don't know if I benefitted from it or not.
Any information you could furnish in this regard would be very helpful.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: eddie
Posted: Mon Jun 28, 2004 11:52 am
Post subject: Are Co-Applicants Responsible for Credit Card Debt?
9/21/2002 9:30 pm CDT
If you are only an auth User, you have got nothing to worry about, but if you are a Co Applicant, you are responsible... A word of advice, do not put your Husband on any of your existing credit cards, or any new Credit Card applications, Because if one of your Existing Crdt Crd Company's find out they will probaly shut your accounts down,,
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Ira
Posted: Mon Jun 28, 2004 11:53 am
Post subject: Are Co-Applicants Responsible for Credit Card Debt?
9/25/2002 11:39 pm CDT
As far as I know you're still innocent until PROVEN guilty in these United States. They haven't done away with the Constitution. Therefore I would tell the offending bank that you never signed or authorized your inclusion as a co-applicant on the account and therefore your have no liability unless they can PROVE otherwise. If you did sign something, you'll be surprised how fast they'll come up with the supposedly non-existent document.
Other than that, document every conversation you have with them, to include name and other identifying information of the person you spoke to, time and date of the conversation, and notes about the substance of the conversation. Of course you should also keep copies of any written correspondence.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Mon Jun 28, 2004 11:51 am
Post subject: Are Co-Applicants Responsible for Credit Card Debt?
9/21/2002 7:27 pm CDT
My husband recently declared bankrupcy. For years our financial arrangements have been separate, so since my credit cards (in my name only) are current and most of them have zero balances (my credit report was very good, no black marks at all), there was no need for me to go that route. One credit card company has popped up and contacted me to inform me that I am now liable for the balance on that card since it was a joint credit card. I'm not sure I believe them. The statement was addressed to both of us which usually means a joint credit card. I was willing to attempt to arrange a payment schedule and try to pay on this account and asked to be furnished with a copy of the application bearing my signature. I was informed by their representative that such documents are only kept for five years and is no longer in their files and, therefore, cannot be furnished to me. My question is, can they still force me to be responsible for this debt even though they can furnish no signature of mine accepting responsibility. I want to pay my debts, but I doubt that this is truly my debt. Before you go into the aspects of have I used this card and benefited from the purchases made on it -- the ansewr is a definite "no" I have never used the card and I have no idea what he purchased with it so I don't know if I benefitted from it or not.
Any information you could furnish in this regard would be very helpful.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: eddie
Posted: Mon Jun 28, 2004 11:52 am
Post subject: Are Co-Applicants Responsible for Credit Card Debt?
9/21/2002 9:30 pm CDT
If you are only an auth User, you have got nothing to worry about, but if you are a Co Applicant, you are responsible... A word of advice, do not put your Husband on any of your existing credit cards, or any new Credit Card applications, Because if one of your Existing Crdt Crd Company's find out they will probaly shut your accounts down,,
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Ira
Posted: Mon Jun 28, 2004 11:53 am
Post subject: Are Co-Applicants Responsible for Credit Card Debt?
9/25/2002 11:39 pm CDT
As far as I know you're still innocent until PROVEN guilty in these United States. They haven't done away with the Constitution. Therefore I would tell the offending bank that you never signed or authorized your inclusion as a co-applicant on the account and therefore your have no liability unless they can PROVE otherwise. If you did sign something, you'll be surprised how fast they'll come up with the supposedly non-existent document.
Other than that, document every conversation you have with them, to include name and other identifying information of the person you spoke to, time and date of the conversation, and notes about the substance of the conversation. Of course you should also keep copies of any written correspondence.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 11:25 AM
0 Comments:
Post a Comment
<< Home