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: Michigan Collection Law Blog

Beware of this collector trick - credit card co signer vs. authorized user

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If you owe money on a credit card that has been turned over to a collection agency, chances are excellent that the collection agency is not only pursuing you but any authorized user. Be careful about this and know the difference between an authorized user and a co-signer. One of these persons is liable on the debt and the other is NOT. Collection agencies love to blur the distinction because they really don't care from whom the money comes to pay the debt. If they can harass someone successf read more

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Full post as published by Michigan Collection Law Blog on January 22, 2008 (boomark / email).

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