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Are you guaranteed a home loan if your cosigner has great credit even if yours is bad?
Wiki User
∙ 17y ago
No. Lender's do not have to extend credit to anyone even if the person meets all the requirements. The exception is that a lender cannot discriminate under the civil rights laws.
Wiki User
∙ 17y ago
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Do you have to have a credit card to have good credit?
No not necessarily. Your credit score is determined by your history of paying back accounts from lenders. While you don't need a credit card they tend to be how most people build credit. To get a good score without a card (assuming you're applying for a loan or some kind of financing) you'll need either a cosigner, someone who has credit and is willing to put it on the line for you and their credit becomes yours basically but they take most of the risk and penalties if you default. Another option is a loan which you pay back every month ON TIME in order to build a good score over time.
How can I improve my credit online instantly?
The easiest way to improve your credit is to pay bills on time. Having a small line of credit and purchasing items with it, but paying them off immediately is also a great way to keep credit on the good side. Obtain a copy of your credit report and ensure all accounts are in fact yours, and correct.
Can you pay your rent with a credit card?
Many commercial landlords accept a credit card for rent payment. You need to ask yours.
If you have bad credit will it affect the credit score of your spouse?
Your credit standing alone won't affect your spouse's credit. The only way your spouse's credit would be affected along with yours is if you jointly hold accounts and then fail to pay them.
If you add another cardholder to your barclaycard credit card will their credit go up as well as yours?
Actually if you add someone as an authorized user on your credit card, THEIR credit will go up but nothing will change with your credit. You are giving them the benefit of your positive credit history.
If your cosigner's credit is good but yours is not so good will you be denied an apartment?
The company extending the credit is the judge of that. they have guidelines to determine who that extend credit to.
You lost your job and you want to return your car but somebody co-sign for it. what will you do?
A voluntary surrender is the honorable action if you have lost your ability to pay your note. You might want to contact the cosigner and discuss other options before doing this though. Any repossession or delinquency on the loan will adversely affect the cosigner's credit rating same as yours, the primary.
If you helped your mother get a home and her name is on the deed but yours is on the note and she has been missing payments is there an easy way out?
The only option to be removed as a cosigner is to have the secured property refinanced without the cosigner being involved.
If you bought two cars in your name one for your brother and his was repossessed how will it affect your credit?
It will be just like if your car was repoed. Repo on your CR,ect. The lender will collect any balance due after its sold from YOU. It's a repo on your credit, probably yours alone. This is referred to (buy lenders) as a straw purchase, if your brother's not a cosigner. People do this to get loans for friends and family who can't pass credit.
How too check a cerdit card that is not yours?
how do you check a credit card that is not yours
Do you have to have a credit card to have good credit?
No not necessarily. Your credit score is determined by your history of paying back accounts from lenders. While you don't need a credit card they tend to be how most people build credit. To get a good score without a card (assuming you're applying for a loan or some kind of financing) you'll need either a cosigner, someone who has credit and is willing to put it on the line for you and their credit becomes yours basically but they take most of the risk and penalties if you default. Another option is a loan which you pay back every month ON TIME in order to build a good score over time.
How can I improve my credit online instantly?
The easiest way to improve your credit is to pay bills on time. Having a small line of credit and purchasing items with it, but paying them off immediately is also a great way to keep credit on the good side. Obtain a copy of your credit report and ensure all accounts are in fact yours, and correct.
Can you pay your rent with a credit card?
Many commercial landlords accept a credit card for rent payment. You need to ask yours.
Is this grammatically correct.Kindly find attached credit note of yours?
No. This is not correct English. It is better to say:Please find attached your letter of credit.
Can someone pay you by transferring funds from their credit card to yours?
They cannot transfer funds from their credit card but they could make a check or cash payment to your credit card.
If you have a co-signer for a house will this person's name be on there or just yours?
Yes there name will appear, but luckily after the 1st year, you can go to the city registery and have there name removed. Cosigner will also be on the note.
How do you take off negatives that are not yours from your credit report?
Contact the 3 credit egencys and let them know there is fraud, all so put a fraud alert on your credit report.
