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Who Is Responsible to Pay Credit Card Bills

28 June, 2011



A credit card is plastic money. It can be used anytime, anywhere. Credit card keeps away many hindrances which can arise in the spur of moment such as while purchasing and having no cash in hand.

Even though credit card is a valuable tool, it requires a lot of responsibilities which shouldn’t be taken for granted. Responsibilities towards credit card are specified in your agreement form submitted to the bank and those specific responsibilities are:

  • Monthly statement should be monitored for the accuracy.
  • Make sure whatever you are charging through credit card should be repaid before due date.
  • Inaccurate charges should be report immediately.
  • When you accepted the card you agreed to repay all the creditors, so fulfill the agreement.

Joint Account Card Holder and Authorized Card holder are the two types of card holders who have to pay either they have used their card or not.

Authorized User

An authorized user doesn’t have to sign any agreement to repay their creditors as it is not their legal liability to fulfill. You can not authorize yourself for the card but only the card holder makes you an authorized user where he/she allows you to charge the card without any hindrances.

Being a card holder you can authorize anyone as authorized user anytime, merely by giving a call or sending a letter to you card granter. Usually parents make their children their authorized user or a husband makes his wife an authorized user in his card and etc.

Authorized user doesn’t have their own credit history established, so they are some how dependent on the authoritative .

Joint Accounts

A bank account shared by two or more individual is Joint Account where each person is responsible to every legal liability. Joint accounts are usually used by married couples and business partners etc. This helps establish credit history for each individual and that helps further to acquire their individual credit card.

Joint account credit card is operated in the same similar the account is operated, each individual will be questioned if either one of them have not fulfilled specified responsibility on agreement form.

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by Gemma Maddock



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