Comments on: My mother got a credit card under her account but with my name? http://ethxbiz.com/my-mother-got-a-credit-card-under-her-account-but-with-my-name Ethical Resources For Ethical Small Business Owners Sun, 08 Jan 2012 00:00:29 -0600 http://wordpress.org/?v=2.9.2 hourly 1 By: Kelle http://ethxbiz.com/my-mother-got-a-credit-card-under-her-account-but-with-my-name/comment-page-1#comment-3362 Kelle Mon, 08 Feb 2010 14:24:50 +0000 http://ethxbiz.com/my-mother-got-a-credit-card-under-her-account-but-with-my-name#comment-3362 She got you a card under her name - her credit history, her reputation. You have a suprisingly high limit because the bank doesn't care . If you were to rack up a big debt they would still get their money. .Mom gets the statements because she is responsible for the account. If there are any problems, Mom has to pay up. You're very lucky and have a very nice Mom. You have a chance now to learn how to use credit wisely.Prove yourself mature and trustworthy. PS Some people would rather see their kids SAVE up for what they want. She got you a card under her name – her credit history, her reputation.
You have a suprisingly high limit because the bank doesn’t care . If you were to rack up a big debt they would still get their money.
.Mom gets the statements because she is responsible for the account. If there are any problems, Mom has to pay up.

You’re very lucky and have a very nice Mom.
You have a chance now to learn how to use credit wisely.Prove yourself mature and trustworthy.

PS Some people would rather see their kids SAVE up for what they want.

]]> By: Navy Lifter http://ethxbiz.com/my-mother-got-a-credit-card-under-her-account-but-with-my-name/comment-page-1#comment-3363 Navy Lifter Mon, 08 Feb 2010 14:24:50 +0000 http://ethxbiz.com/my-mother-got-a-credit-card-under-her-account-but-with-my-name#comment-3363 It depends. If she only added you as an authorized user then it will affect your credit in no way. The only thing this will allow you to do is to legally use the credit card. The bill will still come in her name, and the account history and payments will be tied to her name and social security number. You have most likely received the high limit because of your mother's credit score. Use the card responsibility and make payments to your mom for anything you buy monthly. While this will not help your credit score, it will get you into a pattern of responsible payments and hopefully keep you from charging (and living) beyond your means. IF she added you as a joint account holder/owner, then your credit score will be affected by the account's status, credit limit and available credit, as well as payment history. It depends. If she only added you as an authorized user then it will affect your credit in no way. The only thing this will allow you to do is to legally use the credit card. The bill will still come in her name, and the account history and payments will be tied to her name and social security number. You have most likely received the high limit because of your mother’s credit score.

Use the card responsibility and make payments to your mom for anything you buy monthly. While this will not help your credit score, it will get you into a pattern of responsible payments and hopefully keep you from charging (and living) beyond your means.

IF she added you as a joint account holder/owner, then your credit score will be affected by the account’s status, credit limit and available credit, as well as payment history.

]]> By: TRINITY http://ethxbiz.com/my-mother-got-a-credit-card-under-her-account-but-with-my-name/comment-page-1#comment-3364 TRINITY Mon, 08 Feb 2010 14:24:50 +0000 http://ethxbiz.com/my-mother-got-a-credit-card-under-her-account-but-with-my-name#comment-3364 it will start building your credit. You have a high limit because it's ultimately under her name. Your name may be on the card but her name is actually listed on the statements. Dont worry it's a god thing. after a couple of months, you will be able to get a credit card under your own name without the problem of having no credit it will start building your credit. You have a high limit because it’s ultimately under her name. Your name may be on the card but her name is actually listed on the statements. Dont worry it’s a god thing. after a couple of months, you will be able to get a credit card under your own name without the problem of having no credit

]]> By: Brian G http://ethxbiz.com/my-mother-got-a-credit-card-under-her-account-but-with-my-name/comment-page-1#comment-3365 Brian G Mon, 08 Feb 2010 14:24:50 +0000 http://ethxbiz.com/my-mother-got-a-credit-card-under-her-account-but-with-my-name#comment-3365 Get your name removed, before your credit is ruined beyond repair. You can start your own credit when you turn 16, with a prepaid VISA card. By the time you turn 18, and if you are either employed or a college student, you should have no trouble getting a $1000 limit visa or something. Your credit is your credit for a reason, and your mothers is hers for the same reason. Get your name removed, before your credit is ruined beyond repair.

You can start your own credit when you turn 16, with a prepaid VISA card. By the time you turn 18, and if you are either employed or a college student, you should have no trouble getting a $1000 limit visa or something.

Your credit is your credit for a reason, and your mothers is hers for the same reason.

]]> By: MMFCL http://ethxbiz.com/my-mother-got-a-credit-card-under-her-account-but-with-my-name/comment-page-1#comment-3366 MMFCL Mon, 08 Feb 2010 14:24:50 +0000 http://ethxbiz.com/my-mother-got-a-credit-card-under-her-account-but-with-my-name#comment-3366 Sounds like you are just an authorized user on her account. This will not help your credit. The only way it would is if you signed up as a joint applicant, in which case you would know if you did because you have to give the company all of your info and they have to run a credit check. Sounds like you are just an authorized user on her account. This will not help your credit.

The only way it would is if you signed up as a joint applicant, in which case you would know if you did because you have to give the company all of your info and they have to run a credit check.

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