So what if you’re an authorized user on
someone’s card and you’re going to file bankruptcy or what if someone else is an
authorized user on one of your accounts and you’re going to file bankruptcy on
it what do you do? So I think this is like one of the most
common questions folks have and it’s a very typical scenario if someone comes
in to file a bankruptcy and then they remember that someone else is an
authorized user on their account or vice versa they’re an authorized user on
someone else’s account and of course they don’t want to file bankruptcy and
possibly harm someone else’s credit now even though legally it should not
harm someone else’s credit you should still and I advise all of my clients
this before you file a bankruptcy make sure that you’ve removed anyone that is
an authorized user on your bank accounts or or charge cards whatnot and and the
flipside make sure if you are an authorized user on someone else’s
account make sure that they have removed you and you know we all hear the stories
about the credit reporting agencies and that there’s incorrect information and
we see this all the time and even though they’re not supposed to it’s still not
very helpful to you when you have to go back and try to get credit reports
cleaned up because they made a mistake so a very very very good rule to follow
is if you’re thinking about filing for bankruptcy you know you’re gonna file
just remove yourself from anyone’s account that you’re an authorized user
and on the flipside if you’re going to file make sure that you’ve removed
anyone that is an authorized user on your account if you ever have questions
about bankruptcy or anything related to the bankruptcy world you can always
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questions