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Q: If I am an authorized user on a credit card, can the debt or balance on the card affect my personal credit?
A: Yes, it does if you are an authorized user, even if you yourself do not pay the credit card balance each month. Whenever you use the card, each transaction is recorded showing that you were the one who made the transaction. If late payments are made, or if payments are missed, then your credit will be affected.
If you are concerned about this happening, or if it has already happened, there are some things you can do to prevent further damage. You should take these steps as soon as possible.
First, ask whoever is responsible for making the credit card payment; that is, the person who actually “cuts the check” for the payment to let you see past payment records. Tell them that you are concerned about late or missed payments affecting your credit and you want to know what is going on.
Once you have obtained this information, check to see how many times late or missed payments have occurred. If there are several incidences, you may want to speak to your supervisor or someone who is higher up in the chain of command in the accounts payable department about this.
Again, explain to that person that you are worried about your credit rating being affected. Ask them what is being done to catch up or ensure that missed or late payments will not continue to occur.
After you have talked with everyone who is responsible for credit card payments, if you still feel that your credit may be adversely affected, you are within your rights to request that you no longer be considered an authorized user.