Showing posts with label authorized user. Show all posts
Showing posts with label authorized user. Show all posts

Wednesday, September 10, 2008

Authorized user getting collection on my husbands account

My husband added my name as a joint or authorized user on an acct. without my knowledge or consent and then at some point he let the acct go to into collections. Now this is reported on my credit report. Is there any way I can have this removed from my credit report?
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I do not have a perfect answer
I would dispute the account as not mine with the bureaus then dispute them with the collection companies then validate the collections looking for your signature
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I have already filed a dispute with all three bureaus and am hoping for a positive outcome. However I contacted the lender today and they said that I was just as libel for this acct. even though I never signed for this credit card. Again I didn’t have a card for this acct. or access to the monies from it. It is my contention that both parties should have to sign if they are equally libel. If I go to my local bank and apply for access to 5000.00 dollars and I became delinquent they would not report my negative payment history on my husbands credit unless he signed to make it a joint loan. I have also looked into filing a complaint with the OCC who investigate practices by national banks. Do you think I should hold up on filing a complaint with them until I see if the bank responds to the dispute.
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I would wait and see
but if you called ... i would expect it to be verified... I do not know the law here.... try this place
see what they say...
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Tuesday, July 24, 2007

Authorized User, raise credit score, how long?

I had been trying to improve my credit score for the past 3 months. My scores have risen very little. The are 591(equifax), 603(experian) and 623(trans). I just added two trade lines to my account as an authorized user on7/10 with 7,500 credit limit and 7 years of history but my credit score did not move. How long does it take for the score to increase? Thanks,
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they just came out with a new score system which cuts the piggy back autorized user thing out.
You must have some bad stuff that needs to be paid or removed and some is recent.
So get recent good credit. In 1 year your score will go up 50 points with no new bad credit and all new good credit and all past balances zeroed out.
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I was told that the new system to stop piggybacking would not role out untilseptember for one bureau then the other two bureaus would pick it up laterin the year.
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Probably so.
My intention was to say.
Get good credit on your own name.
Takes 1 year to help your score.