Credit card issues.

[lostinfitness]

If they have your information, you are definitely listed on the account. That being said, they have you by your balls. If you do not pay the debt, they will negatively report on your credit report. You definitely don't want that. I work in the mortgage industry, this is an experienced fact based analysis.

Good Luck

Lost

 

[Sartene]

I know the answer to this one.

Did you say your an "authorized user" on his account?

oh,oh!

This means, his payment status along with his account info. is showing up on YOUR credit report!

that means, any late-pays, charge-offs, blah blah, blah, will be reported to your credit file.

even though, its NOT your account. Although creditors will know its not your account, they won't know if its you or not that rang that bill up.

this is actually the old "get instant credit" schemes going around right now.

If you have ZERO credit history, you find someone with 20 years of good credit. have them put your name on their accounts as authorized user. everything postive will be now showing up on your credit history. PRESTO!

the downside... yup, it's reported as "authorized user" accounts. Creditors will know its NOT your account... NOT your excellent payment history!

 

[elvis15767]

i believe that they auction his belongings house, car ect till it's paid off

 

[Sartene]

i believe that they auction his belongings house, car ect till it's paid off

Then, I suggest you have him put his "belongings" house, car ect. into a Irrevocable trust- under a "trust name"