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Does sharing an account with someone else affect your credit score if they have a worse score?
Wiki User
∙ 15y ago
only if the account in question is not being paid on time, so make sure the account is never late, especially never 30 days late. 30 day late payments stay on your credit report for seven years. www.creditscorehero.com
Wiki User
∙ 15y ago
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Can you be on a joint checking account with bad credit?
You can be, although it will be undesirable to the person you're sharing the account with.
Will sharing a lease with someone that has bad credit bring your credit score down?
Yes
You have bad credit and someone is helping you to bring your credit score up will doing a joint account with you make the person credit rating fall because i have bad credit?
No, the only thing that would affect their credit is the joint account, so just make all the payments on time.
If you are an authorized user on someone else's major credit card and the account isn't paid does it affect your credit as well?
It negatively affects both the primary and the authorized user credit score and report.
If you close a credit card will it hurt your credit?
It will not affect your credit if you pay off the balance when you close the account.
Does closing a cedit card by the consumer affect their credit negatively?
Closing an account will affect your credit score and decrease your score.
Can an joint account affect a credit score?
yes it can, both parties are equally responsible for the account
If someone files for bankruptcy and another person is linked to one of their credit cards will it affect that other persons credit?
Not really, if Person B is just a person who received an additional card with access to that account. Person A is the person's whose credit is on the line for the account. Person B is in no way liable for the account because Person B is not part of the credit card agreement. The bankruptcy will not affect person B. Now the reason I say "not really" is because that account will be closed and Person B will no longer receive the benefit of having this account on their credit report as an authorized user. There may be a slight decrease but only from the general closure of an account.
Will a chargeback effect fica score?
If you have a chargeback, that is a credit to your account. This will not affect your credit score negatively or positively.
How do collection accounts affect your credit score?
== == Collection account are 20% of the total credit score module.
Will having a joint bank account with someone who is behind on their personal loan affect your own ability to get a personal loan?
No. Credit history pertains to the individual. With the exception of joint accounts such as credit cards, not bank accounts.
Will opening a new credit card affect your credit rating?
Yes. Any new credit account or loan will effect your rating.
