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.
No. Credit is tracked by the individual, not by an address.
No, your credit rating is separate from your spouse. If he or she cosigns it will only effect his or her 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.
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
Generally a student loan does not affect your credit rating
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.
Yes. Any new credit account or loan will effect your 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.
Yes, it will affect your credit. My sister had a lien and she could not get some credit she applied for because of it.
A car reposession will leave a major black spot on your credit rating for 7 years.
Yes, if you default on any loan it will affect your credit rating negatively.
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It shouldn't impact your credit rating all. However, his bankruptcy will remain on his credit for up to 10 years. If you get married and try to buy a home for example, then his credit rating will affect both of you.
If you were a victim of credit card fraud your credit rating may is QUITE LIKELY to be affected.
Credit scores are calculated primarily on "Credit". After closing a card............do you have "credit"? No. You HAD credit......now you don't. It certainly won't help your scores.
only if your cosigning
Stays on your credit rating for 7 years. Has a very negative effect.
Yes closing a credit card can damage your credit score. But as long as everything else is good it should not affect you credit rating to much. Look for tips to keep a good credit card rating.
It should not affect your credit rating. Discuss the situation with your bank and have it changed and monitor your credit report. If you see an error, report it immediately. In the report, you will be able to issue a statement on why the account was overdrawn and it will be removed.
No, the only thing that would affect their credit is the joint account, so just make all the payments on time.
No, such activity only lowers your credit rating. It goes against your total indebtedness. Plus, if they default it can kill your credit rating and take years to remedy. Mark
It depends on who you are dealing with. Visa for instance has your number no matter where you go.