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How can a credit card company sue you when you were not working when you received the card and are not working now and have no cosigner?
Ameyer
In court, "Sue" just means "ask". The credit card company is just asking the court to require you to pay the debt. Yes, they can ask the court to require you to pay. The way THEY view it: You took on an obligation to pay for credit card purchases. You promised to pay for future purchases and be responsible with your finances when you signed the credit card agreement. Then, every time you used the card, you signed an agreement stating that you would pay for the purchases. Now you're claiming that it wasn't your fault, that the credit card company is responsible because they gave you a card when you weren't employed... It was YOUR responsibility to only purchase what you could pay for. The credit card company didn't have a method of determining your ability to pay for your debts.
Wiki User
∙ 17y ago
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If we have bad credit will a cosigner help us get a mortgage?
Yes, a person with bad credit can get a cosigner for a mortgage. The cosigner will have to have excellent credit and must go into the office to sign papers to become a cosigner.
As a cosigner can you have a vehicle repossessed without affecting the cosigner credit rating?
Nope.
How long does a company have to inform a cosigner that the borrower is in default in payment?
It is their legal right to never inform you and simply allow your credit deteriorate. It is your job as the cosigner to make sure the contract is up-to-date.
Does the credit of the cosigner gets affected if car is not paid?
Oh yes it does. That person put their credit on the line when they signed the contract making me a cosigner.
What credit card companies will allow you to apply with a co-signer?
If the cosigner has a good credit rating any credit card company would be more than happy to let them cosign. All credit card companies are interested in is getting their money back. The cosigner should always be as sure as possible that the person they are cosigning for is reliable and will pay back any outstanding balance because if they don't the cosigner is 100% responsible in paying that debt back!
Who is responsible for company credit card after the company declares bankruptsy?
The company. The liability is one of the many the BK will resolve. Of course, if there was a cosigner or such on the credit line, they are involved too.
If your cosigner's credit is good but yours is not so good will you be denied an apartment?
The company extending the credit is the judge of that. they have guidelines to determine who that extend credit to.
If we have bad credit will a cosigner help us get a mortgage?
Yes, a person with bad credit can get a cosigner for a mortgage. The cosigner will have to have excellent credit and must go into the office to sign papers to become a cosigner.
Will a cosigner's credit history appear on your credit report?
No
If you get a cosigner when purchasing a car will it show up in your credit report or the cosigner's credit report?
It will appear on the CR of both parties.
As a cosigner can you have a vehicle repossessed without affecting the cosigner credit rating?
Nope.
How long does a company have to inform a cosigner that the borrower is in default in payment?
It is their legal right to never inform you and simply allow your credit deteriorate. It is your job as the cosigner to make sure the contract is up-to-date.
Can a Cosigner have little or no Credit?
Yes.
Does the credit of the cosigner gets affected if car is not paid?
Oh yes it does. That person put their credit on the line when they signed the contract making me a cosigner.
What credit card companies will allow you to apply with a co-signer?
If the cosigner has a good credit rating any credit card company would be more than happy to let them cosign. All credit card companies are interested in is getting their money back. The cosigner should always be as sure as possible that the person they are cosigning for is reliable and will pay back any outstanding balance because if they don't the cosigner is 100% responsible in paying that debt back!
What credit card companies will allow you to apply with a co signer?
If the cosigner has a good credit rating any credit card company would be more than happy to let them cosign. All credit card companies are interested in is getting their money back. The cosigner should always be as sure as possible that the person they are cosigning for is reliable and will pay back any outstanding balance because if they don't the cosigner is 100% responsible in paying that debt back!
Does your credit still go up if you have a cosigner?
No
