Hi - my name is XXXXX XXXXX I'm a Bankruptcy and Consumer Protection attorney here to assist you.
Your filing a Bankruptcy will not affect your authorized user status.
In fact, there would be no reason for AX to know that you filed a Bankruptcy, as you are not supposed to list accounts for which you are not an account holder or a co-account holder.
I was concerned because I know it shows up on my credit report.
It says Authorized user on it under RESPONSIBILITY
and I thought the court uses all the accounts strictly on the credit report?
No - you are only supposed to list accounts that belong to you - that you are legally responsible to pay.
You are not supposed to list accounts for which you are only an authorized user - even if those accounts are listed on your credit report.
Ok that is good to know.
I do have one more question if you don't mind.
I have a Wells Fargo Student Loans account. I know that student loans by law will not be discharged. I am fine with this because I can afford to pay for this monthly.However, my father is a co-signer for this account. Is there any reason for the court or Wells Fargo to notify my father of my bankruptcy status?
I do not want to involve him in the process nor negatively affect his financial status.
I plan to pay the monthly payment even during the bankruptcy process.
The Bankruptcy court will not notify your father about your Bankruptcy filing.
But I am not sure if Wells Fargo will notify your father.
Ok, thank you very much.
However, since your Bankruptcy filing will not affect your Wells Fargo debt, it would not make sense for them to notify your father.
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).