Legal Question in Credit and Debt Law in Pennsylvania
Credit Card Settlement Offer
A family member (who was not
authorized for use of the credit
card), borrowed our card and ran it
up to the maximum limit. He has
discontinued making payments for
months. The credit card company
has offered us a settlement for 25%
of the debt. Knowing that the credit
card is in our name, do we have any
legal means to turn the debt over to
to the family member who incurred
the charges? Thank you for your
time in answering.
1 Answer from Attorneys
Re: Credit Card Settlement Offer
You asked about a credit card settlement.
As the owner of the card you are responsible for any use of the card of which you are aware. To me it sounds as if you knew this person was using your card and allowed it to go on. In that case you actually are responsible for 100% of the debt and all fees.
If the person did not have authorization then the charges are fraud and the CC company can require that you cooperate in prosecuting the individual.
Yes you can seek compensation from the individual, but your less likely to get it than the CC issuer.
Regards,
Roger
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