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If someone places you as a secondary user on their credit cards, it does not affect your credit in any way whatsoever. It simply places more liability on the credit card owner, and in some cases can raise their interest rates, or cause them to incur an additional charge for having more than one authorized user on the account. Basically, being a secondary user on a credit card does not affect your credit at all. This practice is sometimes referred to as "piggybacking" off of another consumer's good account. Prior to 2008, you could actually benefit by getting listed as an authorized user on some credit accounts, so long as the primary cardholder kept the account in good standing. This practice came to a halt as a result of lender demands to help avoid abuses related to piggybacking.
What else can I help you with?
What credit cards are available for someone with no credit history?
Most credit card companies will offer a credit card for someone with no credit history. A few of them are capital one, any prepaid credit card and most banks. If you have no credit history the best way to go would be to go thru your bank.
What is the best credit card option for someone with no credit history?
For someone with no credit history, a secured credit card is often the best option. This type of card requires a security deposit, which serves as collateral and helps establish a credit history. It can be a good way to start building credit responsibly.
How can someone start a credit history in the USA?
To start a credit history in the USA, a person can apply for a secured credit card, become an authorized user on someone else's credit card, or take out a credit-builder loan. Making timely payments and keeping credit utilization low can help build a positive credit history.
Will having a joint bank account with someone who is behind on their personal loan affect your own ability to get a personal loan?
No. Credit history pertains to the individual. With the exception of joint accounts such as credit cards, not bank accounts.
How can I perform a credit check on someone?
To perform a credit check on someone, you can request a credit report from one of the major credit bureaus such as Equifax, Experian, or TransUnion. You will need the individual's consent to access their credit information. The report will show their credit history, including their payment history, outstanding debts, and credit accounts.
History of credit in the Philippines?
History of credit in the Philippines is common when one is borrowing money. The lender will look at your credit history so as to determine the ability to repay money borrowed.
What credit cards are available for someone with no credit history?
Most credit card companies will offer a credit card for someone with no credit history. A few of them are capital one, any prepaid credit card and most banks. If you have no credit history the best way to go would be to go thru your bank.
What is the best credit card option for someone with no credit history?
For someone with no credit history, a secured credit card is often the best option. This type of card requires a security deposit, which serves as collateral and helps establish a credit history. It can be a good way to start building credit responsibly.
How can someone start a credit history in the USA?
To start a credit history in the USA, a person can apply for a secured credit card, become an authorized user on someone else's credit card, or take out a credit-builder loan. Making timely payments and keeping credit utilization low can help build a positive credit history.
Will having a joint bank account with someone who is behind on their personal loan affect your own ability to get a personal loan?
No. Credit history pertains to the individual. With the exception of joint accounts such as credit cards, not bank accounts.
Where can I find out my business credit history?
In order to find out your business credit history, you must talk to someone at your local bank, credit union, or perhaps call your credit card company and ask to speak with someone who could help.
How can I perform a credit check on someone?
To perform a credit check on someone, you can request a credit report from one of the major credit bureaus such as Equifax, Experian, or TransUnion. You will need the individual's consent to access their credit information. The report will show their credit history, including their payment history, outstanding debts, and credit accounts.
What are the best options for obtaining a credit card with no credit history?
The best options for obtaining a credit card with no credit history are secured credit cards, student credit cards, and becoming an authorized user on someone else's credit card.
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 is credits mean?
Someone who checks on peoples credit and ability to pay bills.
What is investigation mean?
Someone who checks on peoples credit and ability to pay bills.
How does someone create a credit history?
Obtain a credit card and use it. Store credit cards are available to use as well-- they're specific to that store, of course, but it can be used to build a credit history with purchases and such. Any major payments made will count towards that credit history.
