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Answered 2008-04-21 23:20:52

Not anymore. This year marks the beginning of a new policy for FICO scores regarding authorized users. It will no longer add positive entries to your credit report.

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What is an unsecure personal loan?

It is a loan based upon your signature and good faith, with good credit history, and a job, that you pay back

What sort of credit limit is on the Chase Visa signature card?

The credit limit that is on the Chase Visa signature card is a $5000 credit limit. This credit limit matches up with the average credit limit across all banks in America.

What is a sentence that has the word signature?

The store required the customer to provide a signature when using a credit card.

What credit card begins 4147?

Visa Signature credit cards begin with 4147.

Where can one get bad credit or no credit loans for car financing?

Many car dealerships offer financing for people with bad credit or no credit history. These loans will have a higher interest rate because a person with a bad credit history or no credit history is considered are often considered to be high risk. Checking with a local dealership will determine if the offer this service at their location.

Why are unsecured credit cards easy to get?

Unsecured credit cards are easy to get because they have no restriction and anyone can get them. You do not need a good credit history or an account to get one.

When is a co signature required for a car loan?

Whenever the lending institution wants one. Basically, if the primary applicant has no credit history, or a poor credit history, lenders may require that someone with a longer/better credit history cosign.

What is your APR with no credit?

If you have no credit record, chances are that your APR on a loan will be higher than what would be charged to those who have stable credit ratings. The reason for this is because without any credit history, you could be considered "high risk" ... granted one cannot get credit history without having credit, but the credit determination is often black and white - you either fall into one category or the other - there are no gray areas when dealing with credit or credit history.

Is it possible to get a bad credit history from being denied a credit card because you did not have a credit history?

It is possible that you will show a low credit score if you have no other loans, credit cards, etc. You have to have revolving accounts or other accounts to establish credit. If you are having trouble getting a credit card you can try and get a secured credit card, or have a co-signer help sign with a application for credit.

Where can one apply for personal signature loans even if one has bad credit?

Some of the sub-prime finance lenders offer signature loans to those with a poor credit history. Some of the most popular include "Pounds to Pocket" and "Cash Lady". Their websites give further information on the terms and conditions of these loans.

What Is A Signature Loan Program?

Signature loans are unsecured personal loans backed by a signed promissory note for a set term. Signature loan is offered to people with a good credit history and who the lender personally knows. A signature loan is a convenient way to get quick cash. All you require is a government-issued identity, such as a checking account, or a bank statement.

How does a car repo affect credit?

It goes on your Credit History as an incomplete pay history and in the comments sections in the Credit History for that bank they will give the reason for the negative history.

How do i get credit history?

You can get credit history by having a credit card or line of credit. Anything that reports to the credit bureaus that you are paying each month. You can also get some credit accounts added to your credit history by becoming an authorized user on a spouses or family members account. All this doesn't matter if it isn't paid on time, so a credit history length with a good payment history will help your credit score.

Why is having a long credit history with a few blemishes that were corrected better than a short history that is clear?

Simply because... with a long credit history, a prospective lender can see how you have operated your credit facility over a considerable period. Nobody's credit history is perfect - everyone has at least 1 or 2 lapses on their record. Having just a short credit history doesn't show 'trends' or patterns of (perhaps) persistent late payments.

What are some features of the Vanquis credit card?

The Vanquis credit card is a card that is particularly aimed at people with current low credit scores, perhaps because of a history of debt or because they have no credit history at all. It frequently has a low credit threshold however as well as high interest charges so it is advisable to pay the full amount off every month.

What are the benefits of the Visa Signature credit card?

The benefits of the Visa Signature credit card are services like the Cardholder Inquiry Service, an Emergency Card Replacement and Emergency Cash Disbursement.

Why don't stores accept unsigned credit cards?

Well it is originally to see if the signature on the back of the card matches the signature on the credit card slip...but if u ask me most people can forge a signature so its best to ask for ID or write "SEE ID" on the back of your credit card insted of signing it.

What would be the reason to obtain a no credit history credit card?

A person may wish to obtain a no credit history credit card if they have experienced financially difficulties in the past and therefore are concerned that they may have a poor credit history.

Why is your credit history so important?

One's credit history is very important because the history provides an insight into how an individual, in both the past and right now, handled (handles) credit. As a result, over 80% of the decision made by a financial institution regarding a consumer loan is based purely on your historical (and current) use of credit.

Which parts of a credit history are most important for the calculation of credit score?

There are many aspects of your credit history that affect your credit score. 35% - Your Payment History - Credit cards, Telephone bills and other utility bills 30% - Amounts You Owe - Outstanding credit amounts in loans and credit cards 15% - Length of Your Credit History 10% - Types of Credit Used 10% - New Credit

What are the key differences between signature loans and payday loans?

The major difference between a signature loan and a payday loan is that the payday loan uses your next paycheck as collateral whereas a signature loan does not require any collateral. Signature loans, also known as good faith (or no-doc) loans, are backed by the character and good credit history of the borrower with the particular lender. While higher rates apply to signature loans, the relative costs of signature loans are lower than those of payday loans. Key differences summarized: * Term of signature loans may be up to one year; payday loans max out at one month (extensions are considered new loans) * Fees and interest rates charged in signature loans are lower than those of payday loans * No security or collateral is required for a signature loan; payday loans do require income and a pledge of the next paycheck * Signature loans may be used to build your credit history as payments on signature loans are sent by lenders to credit bureaus; payday lenders only submit negative information to the bureaus if the loan is not paid appropriately

I wish to have my own credit card Is it possible to obtain one though I don't have credit history?

Yes you can. Everyone starts off at some point without a credit history, and there are options available for people who would like to get a credit card without any history of having one. They can start to build their credit history by applying for a secured credit card or applying for a joint credit card with someone who has an established credit history. The third option available to someone who has no credit history is to find a credit card issuer catering to first-time customers and offer student credit cards or bad credit credit cards or just plain and simple credit cards that are able to be approved for with little or no credit history.

What does insufficient credit history mean?

You have not established any credit, such as a credit card, auto purchase so nothing is going to show on your credit history.

Do you pay off your credit history if you have a insufficient credit score?

If you have n't a sufficient credit score, you don't pay off your credit history. It is impossible.

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