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if you co-signed on the loan then your credit will be impacted negativly just as his

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15y ago

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Related Questions

How do defaulted homeowner loans affect bad credit?

Defaulted homeowner loans affect bad credit because it wont allow one to get a mortgage or another loan. Most banks and loan lending companies wont offer one a mortgage or a loan because one had taken defaulted homeowner loans.


Repo how long will it take to get on credit report?

If your vehicle is already up for repossession, it is already on your credit report as a delinquent or defaulted debt.


If you cosign an auto loan for someone and they refinance in one year and remove you from the loan how will that affect your credit assuming all payments are made on time?

The cosigner's credit isn't affected one ioto unless the person who was responsible for the loan payments defaulted, then and if the cosigner also defaulted. In other words, just being a cosigner does not affect ones credit ratings.


If a defaulted student loan is consolidated with repayment at 0 does this affect credit rating for non-payment?

No, if you receive an income sensitive repayment plan after consolidating and the payment is $0 because of your dependents and income, then it will not adversely affect your credit score.


What is the benefit of getting defaulted loan off of credit report versus paying off defaulted loan?

ask an asian.


If a credit card in husbands name only and has late payments does it affect wifes credit?

No, if the wife is not an authorized user on the credit card then it does not affect the wife's credit report. So the late payment will only be on the husband credit report.


Can you claim ppi on your credit card if you have defaulted on payment?

fat


Does new wifes bad credit rating affect new husband in Oregon?

Yep


Does your low credit score affect your new husbands credit?

No, your low credit score should not affect your husband's credit score, unless the lender/bank uses both your information for the loan. Credit score is based on each individual's information.


Can a creditor garnish your federal taxes to cover a defaulted credit card?

No.


Does bankrumpcy for premarital debt affect my husbands credit?

Yes, if your husband has a bankruptcy before he got married it will still effect his credit.


When two people get married does there credit score become one?

No. Your credit score is always your own. Your spouse's credit does not affect yours (and vice-versa) unless you apply for credit jointly. However, even if you are extended credit jointly, any late payments or defaulted loans appear on each of your credit scores, and affects your credit scores individually.