One of the first questions I always ask my clients is are you an authorized user on anyone’s account or vice versa. Why? Although legally, an authorized user is NOT responsible for the credit card balances on the account, too many times we have seem errors arise from the “Big 3” three credit reporting agencies when another party files for bankruptcy. Although the Experian site states here that this will NOT happen, as a practice point in our law firm, we always advise clients to do the following BEFORE they file for bankruptcy protection:
At least 1 month BEFORE you file a bankruptcy case you need to remove your name for anyone’s credit account that you are an authorized user on.
At least 1 month BEFORE you file a bankruptcy case you want to remove anyone that is an authorized user on your account.
For any additional information about bankruptcy and how it should be properly reported on your credit report, you can contact us at [email protected] or call 404-889-8663.
https://i0.wp.com/www.saedibankruptcyatlanta.com/wp-content/uploads/2019/09/ModifiedPhotoUSER-1024x555-copy.png?fit=386%2C209&ssl=1209386Atlanta Bankruptcy Expert and Attorney Lorena Saedihttps://saedibankruptcyatlanta.com/wp-content/uploads/2020/04/mainheaderUSE.pngAtlanta Bankruptcy Expert and Attorney Lorena Saedi2019-06-07 09:00:162020-05-04 16:32:30Authorized Users and Bankruptcy: What Happens On Credit Reports and What Can You Do?
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