Contact the credit card company and explain your circumstances. Whatever the problem, you are 100% responsible for the debt that person has incurred. Cancel their credit card (should have been done immediately) and pay off their debt! If you are fortunate enough to have your own credit cards after all this and have a good credit rating and you are paying off this person's debt then your credit rating will not be altered in any way. DON'T COSIGN FOR ANYONE! Marcy
The signers on a lease are liable for charges during the term of the lease.
A foreclosure will be expunged from a person's credit report after seven years have expired from the time the foreclosure was reported. Valid information on a credit report cannot be removed until the required time limit for reportage has expired.
Yes, I am 27 years old I've had credit history for the past 3 years, I have NEVER missed a payment, always paid on time and I only have two credit cards that are open. I cosigned an automobile loan for a "friend" they paid late twice and I just found out my score is 584. BS right.
no, as a loan requires credit, and you cannot have credit until the age of 18. Your PARENTS can, though.
A bankruptcy will remain on a credit report for the required ten years, it cannot be removed arbitrarily.
Try to help her find a BUYER for the car before it gets repoed. If the payoff is $5000.oo and your buyer will only pay $4200.00, find the $800.00 needed to pay it off and you're both home free. great credit(mostly) and NO collection hassles. good Luck
Usually a foreclosure will lower a person's credit score by 250 points, and sometimes by as many as 280 points. The foreclosure stays on a person's credit report for seven years.
It should rotate off of your credit report about 7 years after being discharged. It cannot be removed.
You cannot get it removed from your credit report. It will be on your credit report for 10 years and it will affect your ability to get loans and other type of credit accounts.
You are better off to give the money to someone rather than cosign. Cosigning means that you are responsible for that debt if the person you cosigned for doesn't pay up. The court would have your son-in-law sell the vehicle and pay the bank back and whatever is left over is your responsibility. Go to the bank you and your son-in-law went too and they will straighten things out for you.
nothing ive been their all u can do is explain the situation to whoever ur applying for credit. u might be able to take him to small claim court and sue him for the remainder of the balance to pay it off
An entry may be marked 'paid' or 'settled' but it will remain on the credit report for the required 7 years and cannot be removed by the consumer. The consumer can write a 100 words or less letter of dispute to the reporting credit bureau(s) and the letter will be added to the person's credit file.