Bankruptcy on my credit NOT MI

Discussion in 'Credit Talk' started by sally, Apr 10, 2000.

  1. sally

    sally Guest

    A few years back I was a second cardholder on
    my friends credit card. She filed bankruptcy
    and included that account. My credit report
    now shows a bankruptcy on it and I didn't even file bankruptcy. Any suggestions?? I feel that Bank of America should have given
    me the chance to pay it off I didn't know
    it would go on my credit it was my friends
    credit card with me as an authorized user.
  2. J. Edgar

    J. Edgar Well-Known Member

    RE: Bankruptcy on my credit NO

    It depends on if you were a cosigner, or merely an authorized user. Crditors are quite fond of trying to suck authorized users into the situation when collections and bankruptcy are involved. If in fact you were just an authorized user, you have no legal obligation on the account.

    Dispute the matter with the CRA. No doubt BofA will 'verify' it. Then you will have to dispute it with BofA and demand that they produce some kind of documentation (such as the original credit card application) whereby you agreed to be responsible for the charges should the primary account holder fail to fulfill their obligations.

    Once they fail to do that, demand that BofA contact the CRAs and remove the dergoatory information from your credit files. You should cite the FCRA section (which I don't have at my fingertips) regarding willfully reporting false information. In addition demand that they remove the information from their records as it will just get re-reported the next time they transmit to the CRAs.

    If they still fail to do that, you are unfortunately left with no option but to sue. It should become clear in the discovery process that they don't have any evidence whatsoever (other than perhaps charge slips that you signed, but you were permitted to do that by the owner of the account) and will probably back off.
  3. Eric

    Eric Guest

    RE: Bankruptcy on my credit NO

    My experience with Experian is that they will remove it over the phone if it's just an Authorized User account.

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