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What else can I help you with?
Can a private person be a lien holder on a vehicle?
A lienholder is a person or bank or institution that gives someone a loan, so the answer is yes. A private person, friend, boss, parent, or anyone else can be recorded as the lienholder on a vehicle.
Can marriage affect your credit score?
yes, cause if one person decides to go bankrupt because you guys are having money problems it can affect your credit score to, not just their credit score.
If you authorize someone else to use your credit card and that person does not have good credit does that affect your credit score?
No they don't care, so long as the expenses on your credit card are paid.
If someone is renting a house that is NOT in their name and the owner of the house has a lien filed against them how does that affect the renter and their credit?
It would not affect your credit at all because you are merely the tenant and are renting the property. Since you do not own it, and the owner is the person that has the lien filed against them, it will not affect you or your credit.
If someone files for bankruptcy and another person is linked to one of their credit cards will it affect that other persons credit?
Not really, if Person B is just a person who received an additional card with access to that account. Person A is the person's whose credit is on the line for the account. Person B is in no way liable for the account because Person B is not part of the credit card agreement. The bankruptcy will not affect person B. Now the reason I say "not really" is because that account will be closed and Person B will no longer receive the benefit of having this account on their credit report as an authorized user. There may be a slight decrease but only from the general closure of an account.
If a person does not want a vehicle anymore and gives it back to the lienholder is it considered to be repossessed?
Yes, voluntary repossession. Your credit will still suffer and the leinholder needs to sell the vehicle to get their money back. If they are unable to cover the loan fully, you are responsible for the difference.
Will court judgment affect credit rating?
It will appear in the public records portion of the CR and it most definitely will have a negative impact on a person's credit score.
Will a cosigner's credit be affected if they cosign for someone who has a bad credit score because of a Chapter 7 bankruptcy?
The cosigner's credit will only be affected if the person that they cosign for defaults on the loan. The bankruptcy will not affect the cosigners credit.
If you filed for bankruptcy four years ago while previously married and you remarry how will it affect your new spouse's credit?
It will have no affect on her credit. Only the person(s) who are a party to a bankruptcy have it noted on any crediting reportage.
Can business credit card debt affect my personal credit card balance?
A business credit card debt can affect someone's personal credit card rating. A credit report for an individual is processed by activity of one's overall credit. This means that having debt for a business credit card can hurt a person's chances of receiving lower interest for a home finance loan.
How does a bad credit loan affect a person?
Having a bad credit loan negatively affects a person in many ways. Having bad credit enables a person from being able to obtain other loans including those having to do with home financing, vehicle financing, etc.
How does living with parents affect credit score?
Living with parents does not directly impact credit score. Credit score is based on an individual's credit history and financial behavior, such as paying bills on time and managing debt responsibly. However, if a person living with parents is not building their own credit history, it could potentially affect their credit score in the long run.
