Credit cards

March 2nd, 2007 by Questions

Are supplementary card holders liable for the the primary card holders debts if the primary card holder declares bankruptcy?
The supplementary card holder did not sign any agreements at any time.


One Response to “Credit cards”

March 02, 2007 at 12:49 pm, A licensed trustee said:

If the supplementary cardholder’s name appears on the bill then they will definitely be held responsible for the debt.

If their name doesn’t appear on the bill, but they ever used their card then they will likely be held responsible for the debt.

If the supplementary person never signed the original application, their name doesn’t appear on the bill and they never used the card then they probably won’t be held responsible for the debt.

The best way to find out if the supplementary card holder will be held responsible for the debt is to call the credit card company and ask them whose name(s) are on the account.

As a general rule, supplementary cards are a very bad idea and should not be requested. If you receive one you should immediately contact the bank and have it cancelled. If you need a credit card, we suggest you apply for your own.

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