It will only show on the primary borrowers credit report. If the primary defaults on the loan then the responsibility falls to the co-signer. In brief, if the loan is in good standing the primary borrower will have it on their credit report only. If the loan is late or is defaulted it will be reported on both the primary and co-signers report.
Some of the benefits of a student credit card are that they allow you the opportunity to establish a credit rating. Many student cards also offer rebate rewards which are also beneficial for students.
They do not help you establish credit. You have borrowed, but don't owe, so there's no information about the way you'll handle payments over time.
The major credit card companies all offer student cards with introductory 0% or low interest. These allow the student to establish a credit history. However, if you are not sure whether your child will use the card responsibly, you should start with a prepaid card that limits spending.
The best way to establish credit is to start with a secured card. With a secured credit card, your regular payments will be reported to the credit bureaus.
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You need to spend to establish credit. The general steps are to establish your entity, open a bank account, secure a credit card, and begin establishing credit through purchasing.
The credit limit is the initial amount of your student loan. It helps keep your student loan from skewing your debt to credit ratio which can lower your credit score and make it more difficult to get credit.
To establish good credit, a person must pay back all of the money in which he/she has borrowed through loans or credit cards.
In order to establish business credit you need to take out a business loan or credit card. You can find info on the following site: http://www.experian.com/small-business/establish-business-credit.jsp.
If the student loan is taken out in the name of the student then no. The student's credit score is separate from anyone else's. If the student loan is taken out in the name of the parent or with them as cosigner then yes - their credit scores would come into play.
student credit cards and other credit based items such as student loans - Students: apply online fast with a credit card company of your choosing when you feel you are educated and ready. A college credit card can be a student's first step in building good creditA student's first step in obtaining a credit card is to become educated about wise credit usage.
yes no maybe so depends on bad your credit actually is