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Lev, Tax Preparer
Category: Finance
Satisfied Customers: 28081
Experience:  Personal Investment, Tax Preparation
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My daughter has a credit card and I am an authorized user. I

Customer Question

My daughter has a credit card and I am an authorized user. I have always used the card and made the payments on time. However it has a high balance and a high payment and it is causing her not to get a mortgage loan. can I write a letter taking responsibility for the card and provide years of bank statements showing that i have always made the payments and not her?
Submitted: 4 months ago.
Category: Finance
Expert:  Lev replied 4 months ago.

That letter will make NO difference. If you want to clear your daughter's credit history - you need to open another credit card under your name only and transfer the balance to your only card.

That card (under your daughter's name) will be paid off and her credit score will increase.

Expert:  Lev replied 4 months ago.

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If you still have any doubts, need clarification - please be sure to ask.

I am here to help you with all tax related issues.

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