Posts Tagged ‘ joint ’

Roommate’s credit could be hurt if added to credit card account

Dear Experian, I added my roommate onto my credit card and lost my job. I had difficulty paying it off and it was closed. Now, her credit has been affected. I didn't even tell her that I added her, and she never used the card. What can I do to restore her credit? - GNW

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Experian will removed delinquent authorized user accounts on request

Dear Experian, I am listed as an authorized user on two of my husband's accounts, one of which was charged off, and the other is in collections. They are showing up on my credit report and negatively impacting me. How can I get these off my credit report? - SHR

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Authorized user account not appearing on the credit report

Dear Experian, I checked my credit report online and saw that it says I have no credit cards. I am an authorized user on a card, and I pay the balance every month. Why doesn't it appear on my report? - MDM

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Being removed as a cosigner from children’s student loans

Dear Experian, I co-signed college loans for my children. They are now both out of school, working and re-paying the student loans on time with no delinquencies. I would like to remove my name as co-signer. Will this increase my credit score, and will it decrease their credit scores? - PBK

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Adding an authorized user to your account won’t hurt your credit scores

Dear Experian, Will adding one or more authorized users (my husband and my daughter) to my credit card accounts affect me negatively? My daughter will not have a card to use; I only want to help establish her credit. - AGF

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Becoming a guarantor or joint account holder for son’s motorcycle loan

Dear Experian, I want to help my son, a recent graduate, build good credit. He wants to buy a used motorcycle. I was willing to guarantee the personal loan, but the bank wants me to be a joint borrower. If I agree, it is not clear to me whether my son's credit rating will improve as much as if I were just the guarantor. Which approach would produce the greatest benefit? Would being a joint borrower help my son's credit score at all? - HRC

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An authorized user’s credit history does not affect your credit report

Dear Experian, Does it affect my credit score if I have an authorized user on credit cards who does not have a good credit history? And likewise, does it help the credit score of someone with poor credit to be added as an authorized user (not joint applicant) for a card belonging to someone with a high credit score? - BIJ

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Divorce decree does not remove joint accounts from your credit history

Dear Experian, I am legally divorced. My ex-husband re-married. We had a joint mortgage account. I have a divorce decree stating I am not liable for this account anymore, but this account is on my credit report. What do I do to get this account out of my credit report? - JLH

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Removing ex-spouse’s address from your credit report

Dear Experian, I had you remove my ex-wife's address from my report, and now it is back on there. I need to know why, and I would like it to be removed and to stay removed. - RPR

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Utility company may decline aplication to transfer account wife from husband

Dear Experian, Why was I turned down when I asked to remove my husband’s name from our electric bill and place it in my name instead? The electric company told me to contact Experian to see why there was a “hold.” - SRH

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Getting removed as joint credit card account holder

Dear Experian, I am a cosigner and the secondary user on a credit card. I am not the primary user. I want my name removed from the account. I called the credit card company, and they will not remove me. Is there a way to remove my name? The primary user tried also, and they still won't do it. - WKN

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Joint accounts with husband can help wife qualify for credit

Dear Experian, I have been married for many years and have always had credit with my husband. If I ever need to apply for credit on my own, will I be able to get approved based on the good credit I have had with him? - EDD

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Cosigning a loan could affect your ability to get credit in the future

Dear Experian, Will cosigning a student loan hurt my chances of receiving a car loan in the future? -SWK

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Bankruptcy should not appear in joint account holder’s credit report

Dear Experian, If there are two people on a loan and one of them files a Chapter 13 bankruptcy, would it report on the other person's credit that the account is in bankruptcy status since the trustee will be making payments? - CHS

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Bank may not notify you when cosigner fails to pay

Dear Experian, I co-signed my son’s auto loan. He was over 30 days late on one payment. Why should that impact my credit score when I was never notified by the lender or asked to make the payment? I knew I was responsible for the loan balance if asked to pay. But, I had no idea that my credit score would be lowered when I was never asked to make a payment. - JHP

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A joint checking account will not influence credit history or scores

  • September 28th, 2011
  • Posted in Featured

Dear Experian, Does having a joint checking account bring down a person’s credit score? - WAG

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Creditor reporting account as “Joint” rather than as “Cosigner”

Dear Experian, How should a loan I cosigned for my daughter be listed on my report? The creditor listed it as "Joint" but the credit union told me they put me in their system as the primary borrower, which is wrong. My daughter is the primary borrower. - SJH

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Girlfriend stuck with motorcycle debt when boyfriend ends relationship

Dear Experian, My daughter was talked into purchasing a motorcycle for a friend of hers and now he doesn't want it and is thinking of dumping my daughter. If she voluntarily returns the motorcycle to the dealer, will her credit be ruined, and if so, for how long? If she is not able to pay a deficiency, will a judgment against her affect her credit? - GBH

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Cosigning for a student loan can affect your credit report as well as the student’s

Dear Experian, If a person cosigns a student loan for a college student, how does it affect their credit? Does the amount of the loan get included in their debt-to-income ratio? - CHA

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