YESSS!!!!! I HAVE A FRIEND THAT HAPPENED TO BY HIS EX-WIFE. HE HAD NO IDEA BUT IS NOW PAYING THOUSANDS BACK
Nope. And you shouldn't--it's unethical if not illegal.
The disadvantages of having a joint account areEither party can operate the account without the knowledge of the other partyThe bank cannot be liable to entertain claims when one party withdraws money without the knowledge of the other
yes as long as co-applicant has good credit history.
No, the only thing that would affect their credit is the joint account, so just make all the payments on time.
That sucks. The only thing you can do is pay the accounts off and hope that your ex has enough integrity to pay you back.Remember what goes around comes around.
You can be, although it will be undesirable to the person you're sharing the account with.
No, that is a bad idea.
If this relates to a joint account holder or cosigner, then yes the person's credit rating will be affected by a repossession. Yes, whoever's name the car is in will be affected by the car's repossession. Only if the car is somehow tied to the account. Only a bad payment history on that joint account can affect your credit.
if you are a joint user(you signed papers) then NOPE you're just as responsible. If you are an authorized user that may be different ans something to check into.
Yes, a member can add anyone, age 18 or older, as a joint owner to his/her account. As long as the joint individual is eligible for a checking account through the credit union or bank. This person has total access to do transactions on only the specific account they are joint on.
No, once you have been added to an account, you have to agree to be removed
I am Not a JTAC...