A Primary card holder's credit will not be impacted by adding an authorized user.
As long as you are on the mortgage it will show on your credit report and effect you credit no matter if you are the primary, secondary or co-signer
No. The secondary cardholder's credit history has nothing to do with the primary cardholder's. The reason for this is even if there are two cards, there is still only one account for both cards which the primary cardholder is responsible. Jags
This all depends on the lender. Many lenders will require that a joint card holder must have a good enough credit score to have qualified for the card on their own, while others will only pay attention to the credit score of the primary card holder and just make sure that any joint holders are free from derogatory information. If you are considering adding someone to your credit card account, or being added to a credit card account, ask them before attempting to do so.
The defaulted debt will become a negative entry on the primary borrower's credit history and will remain for the required 7 years.
The credit of the primary borrower(s) and the cosigner(s) are equally affected (positively or negatively) and both are subject to the credit history check and evaluation.
As long as you are on the mortgage it will show on your credit report and effect you credit no matter if you are the primary, secondary or co-signer
No. The secondary cardholder's credit history has nothing to do with the primary cardholder's. The reason for this is even if there are two cards, there is still only one account for both cards which the primary cardholder is responsible. Jags
This all depends on the lender. Many lenders will require that a joint card holder must have a good enough credit score to have qualified for the card on their own, while others will only pay attention to the credit score of the primary card holder and just make sure that any joint holders are free from derogatory information. If you are considering adding someone to your credit card account, or being added to a credit card account, ask them before attempting to do so.
no
No, only the primary cardholder's credit score is affected.
Yes. Both the primary borrower's and the co-signer's credit will be checked, mentioned, affected, show the loan as a debt, and ruined if there is a default in paying the loan.Yes. Both the primary borrower's and the co-signer's credit will be checked, mentioned, affected, show the loan as a debt, and ruined if there is a default in paying the loan.Yes. Both the primary borrower's and the co-signer's credit will be checked, mentioned, affected, show the loan as a debt, and ruined if there is a default in paying the loan.Yes. Both the primary borrower's and the co-signer's credit will be checked, mentioned, affected, show the loan as a debt, and ruined if there is a default in paying the loan.
The defaulted debt will become a negative entry on the primary borrower's credit history and will remain for the required 7 years.
no they do not check unless you are placing or requesting a loan with individual/ you can be added per primary holders request/
The credit of the primary borrower(s) and the cosigner(s) are equally affected (positively or negatively) and both are subject to the credit history check and evaluation.
No, the credit score of the authorized user will not affect the main cardholders credit score but the authorized users score can be affected as you can see creditcardideas.com/blog/adding-an-authorized-user-to-increase-credit-scores
According to the CreditCards website, as of 2008 there were 176 million credit card holders. The majority of credit card holders have 3 or more credit cards, and over 40% of students have a credit card.
The account holders