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Does cosigning a loan go on your credit report if the loan is in good standing?
Wiki User
∙ 13y ago
Your cosigner's credit report should also reflect the loan. In this case, it should show as paid on time as agreed.
Wiki User
∙ 13y ago
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If you are in good standing in your credit report what credit score do you have?
Scores of 700 or above suggest a decent credit report.
Does a cosigner have to have a job?
No, a cosigner can be retired, or just in good standing with the federal credit bureau. They do not necessarily have to have a job. But the deal with a cosigner is that if the individual they are cosigning for does not pay the bill, the cosigner is responsible for the payment.
If you have two credit cards in good standing with only four months of credit report are there any lenders that accept limited history?
Yes, many do.
Why does your credit report show some debts that you incurred over 5 years ago as being reported as recently as this month?
This is probably because they are still out standing debts. You have to pay them. It will still stay on your credit report for seven year period. Good Luck.
If things drop off your credit report how does that effect credit score?
Depends on what they are. If they are derogatory items, then dropping off will raise your score. If they are positive items (e.g.- an account in good standing), then they will lower your score.
If you are in good standing in your credit report what credit score do you have?
Scores of 700 or above suggest a decent credit report.
What is the purpose of a free credit report?
The purpose of a free credit report is that the individual can get a report of their credit records. This way they can know what there standing is in terms of credit, and see if they have good credit or bad credit without paying any fees or services.
Does a cosigner have to have a job?
No, a cosigner can be retired, or just in good standing with the federal credit bureau. They do not necessarily have to have a job. But the deal with a cosigner is that if the individual they are cosigning for does not pay the bill, the cosigner is responsible for the payment.
When adding an old trade line to your credit report will this help raise your credit score?
ANSWER: If the old trade line was in good standing, yes.
If you have two credit cards in good standing with only four months of credit report are there any lenders that accept limited history?
Yes, many do.
What do you need to co-sign for a car in Florida?
There is not a strict set of requirements for cosigning. You will need to be over 18 and the lender will need to believe you are a good credit risk. This is based on your credit score. You should be concerned with the obligations cosigning a car loan will create for you. See the Related Link for "Experian: Advice on Cosigning a Loan" for info on this.
What do you need to co sign for a car in Florida?
There is not a strict set of requirements for cosigning. You will need to be over 18 and the lender will need to believe you are a good credit risk. This is based on your credit score. You should be concerned with the obligations cosigning a car loan will create for you. See the Related Link for "Experian: Advice on Cosigning a Loan" for info on this.
How long will closed accounts remain on my credit report?
7 years from the DLA for "negative" accounts, and 10 years for accounts "in good standing".
Why does your credit report show some debts that you incurred over 5 years ago as being reported as recently as this month?
This is probably because they are still out standing debts. You have to pay them. It will still stay on your credit report for seven year period. Good Luck.
If things drop off your credit report how does that effect credit score?
Depends on what they are. If they are derogatory items, then dropping off will raise your score. If they are positive items (e.g.- an account in good standing), then they will lower your score.
Do you get credit for good behavior in prison?
Not on your credit report. Dream on.
What is the benefit of a good credit report when applying for a Capital One credit card?
A good credit report means that one who applies for a Capital One credit card can get a better deal. First, with a good credit report one can get an unsecured card instead of a secured card. Depending on how good one's credit report is one can get better features, lower interest, and maybe even a platinum card.
