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Does your bad credit rating affect your children if they live at the same address?
Wiki User
∙ 11y ago
no it does not affect your children's credit rating. credit score is based on how an individual uses credit, not on how other people uses credit.
what possibly may happen is children may learn thier parent's bad credit habits.
if a consumer needs a co-signer (parent) then if the parent has a bad credit rating that will affect the loan
Wiki User
∙ 11y ago
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Does someone living at an address with a bad credit history affect the credit rating of that address for anyone else living there?
No. Credit is tracked by the individual, not by an address.
Does your bad credit rating affect your children if they want a loan?
only if your cosigning
Do misdemeanors affect your credit?
Possessing a criminal record CAN affect your credit rating - but to what extent, is a confidential rationg factor the credit rating industry won't release.
Will opening a new credit card affect your credit rating?
Yes. Any new credit account or loan will effect your rating.
Do unsecured loans affect your credit rating?
An Unsecured loan can very much affect your credit rating, but it depends on whether you pay it back and keep your promise. If not, your credit rating can severely drop and you will lose trust with your provider.
If your spouse co-signs for someone will it affect your credit too?
No, your credit rating is separate from your spouse. If he or she cosigns it will only effect his or her credit rating.
Will being in debt affect your credit rating?
Not generally.
If someone at your address has a bad credit rating will it affect you?
It will not affect your financial status. However, if you are dependent on their being on time with their share of the rent payments, chances are good that you will be stiffed at some point. If you are married, the bad rating will affect your ability to borrow money as well as the rates you are offered.
How do repossessed cars affect your credit rating?
A car reposession will leave a major black spot on your credit rating for 7 years.
If you buy a house from someone who has declared bankruptcy how will it affect your credit rating?
==Answer == Not in any way. Your credit rating is only determined by how YOU handle your credit on anything that is in your name.
If you default on your pay day loan will that affect your credit?
Yes, if you default on any loan it will affect your credit rating negatively.
How does using a credit card consolidation agency affect your credit rating and for how long does it affect it?
== == Look up this site: edebtfree.org/ccc.htm
