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Credit card accounts and possible liability
asparagus
Registered User regular
Registered User regular
A friend of mine owes me 5,000 and I am not exactly attempting to get it back quickly, he can take as long as he likes in my opinion, though, he said he put me on his credit card account, and before I could object, he handed me a card with my name on it.
Apparently he put me on his credit account, so he is the owner of it, but I am allowed use of it. He said I could charge whatever I liked, and he would be able to pay it off immediately, he just cannot deal with paying me cash or writing me a check for some reason.
My big concern is liability. I am on the account, and have my own card, though if I went out and spent $5000.00 on a giant stuffed animal, would I be liable if he claimed I stole it or something of that nature?
I am not sure how the notification works either, previously I gave him $2500 to use his card for a gigantic online order ( new pc ;3 ) and the order went through, and apparently a random charge for $2500 is of no concern to the company.
Basically.
- Am I liable in any way to his credit account?
- Is a large purchase on a card something I am not able to do? ( 5000 at once )
Kind of vague, but any input helps ;3
Apparently he put me on his credit account, so he is the owner of it, but I am allowed use of it. He said I could charge whatever I liked, and he would be able to pay it off immediately, he just cannot deal with paying me cash or writing me a check for some reason.
My big concern is liability. I am on the account, and have my own card, though if I went out and spent $5000.00 on a giant stuffed animal, would I be liable if he claimed I stole it or something of that nature?
I am not sure how the notification works either, previously I gave him $2500 to use his card for a gigantic online order ( new pc ;3 ) and the order went through, and apparently a random charge for $2500 is of no concern to the company.
Basically.
- Am I liable in any way to his credit account?
- Is a large purchase on a card something I am not able to do? ( 5000 at once )
Kind of vague, but any input helps ;3
asparagus on
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Posts
My only concern is that, if he's unable to pay you back, but is somehow able to pay off a credit card, my assumption is he's not really paying off the card and instead just racking up debt.
Edit: In fact, if anything I'd worry about the company coming after you if he doesn't pay, I don't know what their rules are for secondary users.
He's either lying, insane, or stupid. If he can afford to pay it off immediately he should just be writing you a check.
To answer your question, I'm not entirely sure but I believe that as just an authorized user on the card you don't really have any responsibility/liability for paying it off or anything. The card is still his credit card and his account. Your name is only on the account as someone who is allowed to use the card. But if I were you I would just give the card back and let him know that he can pay you back in cash/check now or over time or whatever you're okay with.
Did you give him your social security number? If not, call the company immediately and tell them you are being scammed.
The only exception to this is if the card is prepaid. Anything he does on a credit card with your name on it will affect your credit score. Be careful!
First, you're never getting your money back.
Second, drop the "friend" and call the credit card company to tell them your "friend" did this without your permission.
Third, I'd get a membership to one of those agencies that track accounts opened in your name, because I have a feeling this will happen again.
Ding ding ding ding ding! Stop the contest, we have a winner!
Your friend's running a con game, with you at the center of it. Don't let him take another dime from you, and report that he included you on his account immediately. You need to find out if that card is in your name (as in he used your personal information to open up an account on your behalf), or if it's in his name and somehow he just listed you as a user (which I think even in that situation he'd need access to personal information in order to do).
It's a bad, bad thing that he'd do this to pay off a debt. If he could pay the debt to you, he should've payed it to you directly instead of through a credit card. That makes NO sense, and the only rational explanation is that he's not actually intending on paying it off... which means you need to find out, NOW, if this liability could potentially be yours... and in the worst situation, if he's actually opened it under your name (which means he could potentially open more under your name).
Do this now. And don't trust this friend with your personal information or your money ever again.
But, yeah, make sure he didn't open an account in your name.
Aye, what I'd be worried about is if the card with her name on it isn't actually just a secondary account under him, but rather coming right back to the OP because he opened it under her name.
This does seem like a pretty odd way to settle a debt though...
She wouldn't be liable after she could prove her innocence, but that could take time, legal fees, etc...
He just used my name, no social security number, I didn't sign anything and it does appear I am not liable for anything.
If he can afford to pay off the credit card, why doesn't he just write you a check, get you cash, or get you a money order?
My suggestion is to return the card and tell him to pay you back in another way.