Also, please send me written confirmation that this account has been closed. After closing accounts, order a copy of your credit report to check its accuracy. There are several ways that credit cardholders are defined. The responsibility for who is legally obligated to pay the bill is determined by the way the credit card application was completed. One person has sole responsibility for making payments and is the only person authorized to use the account.
Individual accounts are best for establishing an individual credit history.
An authorized user has not signed the credit card application that indicates he or she is liable or legally responsible for paying the bills for this account. In short, the authorized user is relying on the earning power of a parent, spouse or another adult to pay the bills. Accounts with this status are of minimal value to a person who is trying to establish their own credit identity. Examples of authorized users are students whose parents give them credit cards to use, or a husband who is given a credit card to use by his wife. The account is in the name of the parents or wife and they have requested extra cards for the authorized users.