0
Keep your credit seperate! When purchasing a home, you can use the other income without using their credit. They will have to sign papers but it will give you a better interest rate. For more information about Credit, you may want to check out The Credit Bible by Phil Turner. Its a great souce to learning all about the credit system.
What else can I help you with?
Where can someone with bad credit get mortgages?
Someone with bad credit can apply for mortgages through the FHA program. These mortgages are backed up by the FHA and are a good choice for someone who has bad credit.
If someone with great credit co signs for some with bad credit does it help the person with bad credit?
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.
Can someone with bad credit co-sign with someone with good credit and get a card using the other person's good credit?
You've got that stated backward. The person with bad credit who needs a credit card would be the borrower. He has to find someone with good credit to be the cosigner. And the cosigner has to really trust the borrower because he is going to be responsible for repaying the card if (when) the borrower doesn't.
If someone with good credit cosigns for someone with bad credit will the cosigner's score decrease much?
That is a variable, it could put you in a maxed out situation where you couldn't get a loan for yourself. You only have so much credit to use. Good Luck
Where can someone fill out an online credit card application for bad credit?
One can fill out an online credit card application for bad credit at DKB Germany website, Credit Net website and Loans for Poor Credit. Other good places are Barclay Card and Personal Loans for Bad Credit.
How is someone's credit card limit determined?
Someone's credit card limit is determined by examining their credit score. Typically, one who has good credit will receive a much higher credit card limit than one who has a bad credit score.
Are cash advance loans a good idea for someone with bad credit?
No the interest rate is to high.
How much higher is the interest on a bad credit car loan?
If you have bad credit and are looking to purchase a car, you will be expected to pay anywhere from 12-15% more interest than someone with good credit.
Will bad credit effect home equity?
Yes, if you have bad credit, you won't be able to qualify for some loans. You may also have different interest rates than someone with good credit would have.
What is the interest rate on bad credit payday loans through Cash America in Arlington, Texas?
The interest rate on bad credit payday loans through in Arlington, Texas is 25 % higher than someone with good credit. Plus the time to pay back loan is under a 6 months compared to someone with good credit.
Will you have to pay more interest if you take out a loan for bad credit?
If a person has bad credit they are less likely to be approved for a loan and if they are approved their interest rates will likely be higher than someone with good credit. Banks consider people with bad credit high risk.
How is your credit affected if you marry someone with bad credit?
Badly
