Overdrafts are an internal banking issue and legal issue, not a credit issue. Consequences of bouncing checks range from NSF fees, to loss of checking accounts and reporting to Chex Systems (which could hinder both of you from opening accounts in the future), all the way up to the involvement of the state attorney general in extreme cases (passing checks without funds to cover them is illegal). However, unless the matter goes to court or a collection company for some reason neither of you should see anything on your credit related to overdrafts.
Yes, as a cosigner you will be responsible for the debt, so it will reflect on your credit report.
My Sister is a solicitor in conveyancing and we are buying a house she is dealing with the searches and one of the searches is for Bankruptcy. She sais that they search for Bankrupsy in the last 10 years. Once Bankruptcy is resolved you have to wait at lease 6 years for it to be removed from your credit rating file then you need another 3 - 5 years to build up your credit rating again. Hope this helps
people who can be qualify for Your'e Credit Card is Your'e Wilf Your'e Dad And Your'e Mom Maybe Your'e Sister Or Brother if You Are A Woman Your'e Husband To
8,763.34
Depends what you want the loan for. My guess is a house NO....but my sister bought a car with a score of 585.
Sister Sister - 1994 Mo' Credit Mo' Problems 5-11 was released on: USA: 10 December 1997
Can my sister legally take my moms checking and savings out when we were both executors
No. Only is she became a joint account holder, then both persons credit would be affected if any default occurred.
Your sister should not be paying on the credit card balance. In fact, the credit card company cannot even legally send her statements because she is protected by the automatic stay.
Peg Ratliff. 5 min. Duet. As Kara prepares to attend kindergarten she is checking with her big sister as to what to expect
Who is on the title to the property? and who is the loan name under?
Yes, as a cosigner you will be responsible for the debt, so it will reflect on your credit report.
You have the option of adding anyone, with any name, to most revolving accounts in order to help them establish credit. This is a great way to begin building credit history, raise credit scores and obtain access to credit that may otherwise not be available. Get specific and ask the particular credit grantor if this option is available to you, or your sister-in-law. Be aware that adding an authorized user to an account will no in way transfer your liability and may put your credit at risk. You remain liable for any charges on the account, regardless of who incurred the charges. If your authorized user charges items and does not pay, you have no relief for this. You could end up with late payments, collection or charged off status that will affect your credit for 7 years.
no, but might affect your custody.
My Sister is a solicitor in conveyancing and we are buying a house she is dealing with the searches and one of the searches is for Bankruptcy. She sais that they search for Bankrupsy in the last 10 years. Once Bankruptcy is resolved you have to wait at lease 6 years for it to be removed from your credit rating file then you need another 3 - 5 years to build up your credit rating again. Hope this helps
If your parents are deceased the Power of Attorney expired when they died. It is no longer in effect. If your sister used their credit card after their death then she committed a criminal act and could be prosecuted. Her use of the crdit card has nothing to do with their estate. She is responsible for her actions. If she charged on the account after your parents death, the credit card company can't attach the real estate you inherited. They would need to bring charges against your sister. You should cooperate by providing them with any information you have that would help in their investigation, where they can find your sister and the circumstances that enabled her to use your parents credit card (her being the executor of their estates).
I dont think so.