If you are wondering what happens if you don t pay your credit card debt, you’re not alone. Most people who end up in debt had one purchase at a time. It’s easy to get carried away and end up with hundreds of thousands of dollars in debt. Here’s what to do instead. Learn good spending habits and a healthy mindset early on. Children should learn to distinguish between wants and needs, so that they don’t end up with credit card debt.
The primary cardholder is responsible for all payments, including late fees and finance charges, even if they were made by authorized users. If the authorized user does not pay, the account owner has the right to take legal action to recover the debt. Authorized users of the card are not legally responsible for charges made by the primary cardholder, but the unpaid debts will still affect the account’s credit score.