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2005-05-19 01:13:22
2005-05-19 01:13:22

Your credit score can be decreased by having collection accounts listed, a judgment, late payments or if you have too much available credit. If you have that much credit, you would want to contact the credit issuer to lower your credit limit. Your debt should never be more than 35% of the available credit. Timely, consistent payments to your creditors and low credit limits will help increase your credit score.

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According to FTC regulations each person is available to get one credit check each new year. These may be obtained from all three credit collection companies and should also include your score.


yes, cause if one person decides to go bankrupt because you guys are having money problems it can affect your credit score to, not just their credit score.



Yes if you have available credit, but it also takes away from your available credit and you are responsible for the loan. I would advise against it.


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A lot of creditors will not accept a co-sign from someone with no credit. They want proof that if the person who takes out the loan defaults, the co-signer will have the credit funds available to pay off the loan.


The person with bad credit pays back the loan that the good credit helped him with in good payment statis. Have payment met on time or a little early will help the person with bad credit. The person with good credit is very generous with his credit. If the bad credit person does not pay on time or falters the loan. the Good credit person will have a problem . Not the bad credit person. Helping someone get back on their feet is a good thing. Make sure that your Good credit is not in jepordy.



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