yes it can, both parties are equally responsible for the account
== == Collection account are 20% of the total credit score module.
Strangely enough, yes it does negatively but temporarily affect ones credit score.
A bounced cheque would affect your credit score in a negative way. A Bounced cheque means you have been delinquent in your payments and credit agencies may have this affect your credit score badly. A low credit score means, lesser credit eligibility and lesser financing options. So be careful while writing cheques. Ensure that you have enough funds in your account before you write any...
If none of your legal information is attached to the card (SSN for example) then the answer is No it will not affect your presonal credit score.
Yes and they do this often. If your score is lower than before, they may up your interest rate. If your score is higher or still the same, they may offer you additional cards, balance transfer offers, etc. This is part of standard credit card terms. Even if the account is closed they can do this. This is how we all get those credit card offers that say pre-approved, etc. It does not affect your credit score. It's a soft inquiry.
No, only the primary cardholder's credit score is affected.
No, the only thing that would affect their credit is the joint account, so just make all the payments on time.
Closing an account will affect your credit score and decrease your score.
If you have a chargeback, that is a credit to your account. This will not affect your credit score negatively or positively.
== == Collection account are 20% of the total credit score module.
Having a checking account has no effect on your credit score. Bouncing your checks has a big effect on your credit score.
If this credit line is tied to your social security number, removing your name from it will probably affect your score, but it is difficult to tell if it will go up or down until AFTER you make the change. Most instances I have seen have caused a drop in the credit score.
Strangely enough, yes it does negatively but temporarily affect ones credit score.
I recent late payment on an open account can hurt your credit score up to 60 points.
A bounced cheque would affect your credit score in a negative way. A Bounced cheque means you have been delinquent in your payments and credit agencies may have this affect your credit score badly. A low credit score means, lesser credit eligibility and lesser financing options. So be careful while writing cheques. Ensure that you have enough funds in your account before you write any...
You can expect at least 10-15 point off of your credit score with an unpaid account. Remember the older the account the less it will affect you.
No, but your credit history accounts for about 15% of your credit score.