my son is listed on my credit card.

Email Us
Contact: (email or phone)
Message:

I think I need to file for bankruptcy and will probably be doing it very soon.

My situation is pretty straight forward but for one thing. My son was authorized on my Visa, but this was over 10 years ago. He has not used this card in over 10 years, but I never removed him from this card until last month.

According to the banks agreement for Visa “authorized users” they are not responsible for the amount owing. Today I found out that the bank refused to take him off the card. How can this be done as their own agreement states I can take him off the card and he has no responsibility for payment just the card owner.

Can they still go after him for this debt. He has no knowledge of my intended bankruptcy nor do I want him to.

Posted on Monday, November 24, 2008 | Filed under: Bankruptcy
 posted by Questions @ 7:23 am 1 Comment
1 Expert Comment:

 At November 25, 2008 | 8:18 am , Barton Goth, Trustee in Bankruptcy Said...

Despite what is listed in the credit agreements in practice it is very difficult to get the banks to remove someone from an account when there is an outstanding balance on the account. So the way it would work, if you file bankruptcy and your son is still listed on that account he will likely be held responsible for the money outstanding. Now, you can try to contest that with the bank due to the “authorized users” section of the agreement, but if you filed for bankruptcy that would then be between your son and the bank as you would no longer have any connection to that debt.

Please type your comment below:

You must be logged in to post a comment.