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Does your bad credit rating affect your children if they want a loan?
Wiki User
∙ 14y ago
only if your cosigning
Wiki User
∙ 14y ago
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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.
Can you refinance and remove the co signer?
Yes, if your credit rating has improved enough to get a loan approval on your own.Yes, if your credit rating has improved enough to get a loan approval on your own.Yes, if your credit rating has improved enough to get a loan approval on your own.Yes, if your credit rating has improved enough to get a loan approval on your own.
Can you get an easy bank loan for a new car?
Getting an easy bank loan for a new car will depend on your credit rating. If your credit rating is Good or above, you would easily qualify for a loan. If your credit rating is not very good, then you are unlikely to qualify for a loan.
Had a loan for six years but you had 17 payments over 30 days How does this affect your credit?
It will lower your credit rating as finance companies will view you as person slow to pay.
Does your bad credit rating affect your children if they live at the same address?
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
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.
Will opening a new credit card affect your credit rating?
Yes. Any new credit account or loan will effect your rating.
Does applying a payday loan harm your credit score?
Applying for a Payday Loan will not affect your credit Rating. Some lenders do not need a credit check to approve a loan for you.
Does a refinance loan affect your credit rating?
A refiannce loan will not affect your credit rating. Debt consolidation loans will and you will want to stay away from these. When refiancing, be sure that your prior loan was satisfied in full by your new lender to avoid any problems.
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.
Will a private student loan that is currently deferred negatively affect your credit score?
It will appear as an obligation and as such limit the amount that will be considered for total monthly payment. No I don't think it will affect your your credit score.
Can you refinance and remove the co signer?
Yes, if your credit rating has improved enough to get a loan approval on your own.Yes, if your credit rating has improved enough to get a loan approval on your own.Yes, if your credit rating has improved enough to get a loan approval on your own.Yes, if your credit rating has improved enough to get a loan approval on your own.
Can you get an easy bank loan for a new car?
Getting an easy bank loan for a new car will depend on your credit rating. If your credit rating is Good or above, you would easily qualify for a loan. If your credit rating is not very good, then you are unlikely to qualify for a loan.
Does getting denied for a loan affect your credit?
You were probably denied your loan application BECAUSE of your credit rating. It should be possible to find out what your credit report says about you - see the link below.
How does my credit affect the mortgage rate I can expect to get?
Your credit rating will affect whether or not you can actually get a mortgage. Those with bad ratings may not get a loan from a bank. A great site for checking mortgages is moneysupermarket.com
Can you get another car loan if you let the car go back?
It depends more on your overall credit rating and how much time has passed since you defaulted on your loan. In general the default will be removed from your record after approximately 7 years. After that, it will not have an effect. However, if you you have a bad credit rating due to other defaults, late payments, etc they will continue to negatively affect your credit rating making it difficult to get a loan.
