0
What else can I help you with?
Can a secondary card holder's credit rating hurt the primary card holders credit?
No. The secondary cardholder's credit history has nothing to do with the primary cardholder's. The reason for this is even if there are two cards, there is still only one account for both cards which the primary cardholder is responsible. Jags
If only the cosigner's name is on the coupon book are the payments affecting the primary borrower's credit?
The lender should be reporting payment history for all the names on the account to the credit bureaus, even if only one name is on the account address.
How can I add someone to my credit card account?
To add someone to your credit card account, you typically need to contact your credit card company and request to add an authorized user. The authorized user will receive their own card linked to your account, allowing them to make purchases and build credit history. Be aware that as the primary account holder, you are responsible for all charges made by the authorized user.
How can closing a bank account potentially impact my credit score?
Closing a bank account can potentially impact your credit score if the account has a negative balance or if it is your oldest account. This can affect your credit history and overall credit utilization, which are factors that can influence your credit score.
How can an authorized user on a credit card become the primary user?
An authorized user on a credit card can become the primary user by requesting the primary account holder to transfer the account to their name. This usually involves contacting the credit card issuer to discuss the process, which may include a credit check and approval based on the authorized user's creditworthiness. Once approved, the authorized user will assume full responsibility for the account, including payment obligations. The primary account holder may also need to remove themselves from the account during this transition.
Can a secondary card holder's credit rating hurt the primary card holders credit?
No. The secondary cardholder's credit history has nothing to do with the primary cardholder's. The reason for this is even if there are two cards, there is still only one account for both cards which the primary cardholder is responsible. Jags
Does Lowe's report authorized users?
Yes, Lowe's reports authorized users to the credit bureaus. When you add someone as an authorized user on your Lowe's credit account, their credit activity can help build their credit history. However, the impact on their credit score may vary depending on how the primary account holder manages the account.
If only the cosigner's name is on the coupon book are the payments affecting the primary borrower's credit?
The lender should be reporting payment history for all the names on the account to the credit bureaus, even if only one name is on the account address.
If you are specified as an authorized user on a credit card account that is not a joint account can your credit score increase?
No, only the primary cardholder's credit score is affected.
How can I add someone to my credit card account?
To add someone to your credit card account, you typically need to contact your credit card company and request to add an authorized user. The authorized user will receive their own card linked to your account, allowing them to make purchases and build credit history. Be aware that as the primary account holder, you are responsible for all charges made by the authorized user.
Does your husband no longer have a credit history if he has been unemployed for 10 years even though you have joint credit accounts?
If you have joint accounts that have been open and active in the past 7-10 years, your husband has a credit history. Credit history has nothing to do with the status of his employment.
What is the meaning of Supplementary card?
A supplementary card is an additional credit or debit card issued to an authorized user under a primary account holder's account. This allows the supplementary cardholder to make purchases and access the account's credit limit, while the primary account holder remains responsible for all charges. Supplementary cards are often used by family members or trusted individuals to facilitate shared expenses. They can help build credit history for the supplementary cardholder as well.
How can you have your former husband's name removed from a line of credit that is linked to your personal checking account so he is not responsible for liablilty or credit reference?
A joint account holder cannot be removed from the account, the account will have to be closed.
Is it legal for Husband take your credit card from purse?
If it is a joint account. probably not.
How can closing a bank account potentially impact my credit score?
Closing a bank account can potentially impact your credit score if the account has a negative balance or if it is your oldest account. This can affect your credit history and overall credit utilization, which are factors that can influence your credit score.
Can I get a mortgage as the primary borrower and have my husband as a co-signer even if he has a recent short sale on his credit record?
A co-signer with a poor credit history will not be acceptable to the lender since the purpose of a co-signer is to guarantee repayment of the loan.
How can an authorized user on a credit card become the primary user?
An authorized user on a credit card can become the primary user by requesting the primary account holder to transfer the account to their name. This usually involves contacting the credit card issuer to discuss the process, which may include a credit check and approval based on the authorized user's creditworthiness. Once approved, the authorized user will assume full responsibility for the account, including payment obligations. The primary account holder may also need to remove themselves from the account during this transition.
