Quick credit card questions please. - Joint or not?

missk9

If you have applied for a card in your name and then later add your partner onto it and get a card for the same account with their name. Does this make the debt joint? Or does it just mean they can wrack up bills in your name and not be responsible?

Thanks

Fruit_and_Nut_Case

missk9 wrote: »

If you have applied for a card in your name and then later add your partner onto it and get a card for the same account with their name. Does this make the debt joint? Or does it just mean they can wrack up bills in your name and not be responsible?

Thanks

The second choice, I'm afraid. You still remain responsible for 100% of the balance.

missk9

ok thats fine and thanks for the answer...the two cards are in his name not mine.. i was just added on as an after thought.

I have been in the bank and inquired about current account that even with an unpaid overdraft a name can be removed from a joint account as long as both parties agree.

Can this be done with the Credit card too? I forgot to ask them at the bank duh!!

Fiddlestick

missk9 wrote: »

ok thats fine and thanks for the answer...the two cards are in his name not mine.. i was just added on as an after thought.

I have been in the bank and inquired about current account that even with an unpaid overdraft a name can be removed from a joint account as long as both parties agree.

Can this be done with the Credit card too? I forgot to ask them at the bank duh!!

No.

A joint account is in both names and each party is jointly and severally liable.

If the credit card account is in your partner's name then the credit agreement is in HIS NAME and his name ONLY - you are just an additional cardholder and he is solely liable for all debts racked up using the additional card.

dtaylor84

missk9 wrote: »

ok thats fine and thanks for the answer...the two cards are in his name not mine.. i was just added on as an after thought.

I have been in the bank and inquired about current account that even with an unpaid overdraft a name can be removed from a joint account as long as both parties agree.

Can this be done with the Credit card too? I forgot to ask them at the bank duh!!

The account holder can just phone up and cancel the additional card, you don't have any say. You're also not liable for the debt.

One point to note: purchases made by an additional card holder are not necessarily covered under S75 of the Consumer Credit Act.

Fruit_and_Nut_Case

dtaylor84 wrote: »

One point to note: purchases made by an additional card holder are not necessarily covered under S75 of the Consumer Credit Act.

That's very interesting. I hadn't come across that before you mentioned it. Is it waiting for a test case in court, hence the uncertainty?

missk9

Thanks guys... that is my questions answered... perfect!

I am however intrigued to know what S75 of the Consumer Credit Act is.. just out of curiousity!

jonesMUFCforever

missk9 wrote: »

ok thats fine and thanks for the answer...the two cards are in his name not mine.. i was just added on as an after thought.

I have been in the bank and inquired about current account that even with an unpaid overdraft a name can be removed from a joint account as long as both parties agree.

Can this be done with the Credit card too? I forgot to ask them at the bank duh!!

It is the bank that has to agree not both of the parties!
The bank would only do this if the credit rating of the person taking responsibility for the overdraft is good.

dtaylor84

Fruit_and_Nut_Case wrote: »

That's very interesting. I hadn't come across that before you mentioned it. Is it waiting for a test case in court, hence the uncertainty?

It's not so much uncertain, I'm just not confident enough to make a definitive statement. But there are certainly cases where such purchases are not covered: http://www.financial-ombudsman.org.uk/publications/ombudsman-news/62/62-consumer-credit.htm

See case study 62/02. Because an additional card holder, not the borrower, is making the purchase the conditions required by Section 75 are not met.

missk9: Section 75 allows you (if some conditions are met - in particular the item must cost £100 or more) to make a claim against the credit card company for any problems with the purchase, rather than pursuing the retailer. See http://www.moneysavingexpert.com/shopping/section75-protect-your-purchases

moonrakerz

missk9 wrote: »

I am however intrigued to know what S75 of the Consumer Credit Act is.. just out of curiousity!

http://www.financial-ombudsman.org.uk/publications/ombudsman-news/31/creditcards-31.htm