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Would they check the applicant of outstanding credit Cosigning credit card for applicant with bad credit?
Yes. Only in this manner can they ascertain that the cosigner is credit worthy as claimed. Everything must be verified beyond any shadow of a doubt. The cosigner needs to be well aware of the circumstances should the one they are signing for default on what is owed. If someone racks up $40,000 in credit, then doesn't pay, the cosigner is then FULLY responsible for the entire balance due, which could totally ruin their own credit rating. Just be very careful about what you are cosigning for and read ALL the fine print.
What else can I help you with?
Would cosigning for your son's apartment rental agreement be viewed the same as cosigning for an actual loan when applying for future credit assuming all payments are made on time?
Co-signing means that you accept 100% financial liability for the contract in question. The manner in which the contract is adhered too has equal impact on your credit.
What credit card companies will allow you to apply with a co-signer?
If the cosigner has a good credit rating any credit card company would be more than happy to let them cosign. All credit card companies are interested in is getting their money back. The cosigner should always be as sure as possible that the person they are cosigning for is reliable and will pay back any outstanding balance because if they don't the cosigner is 100% responsible in paying that debt back!
Does being a co applicant affect your credit?
No it helps it if you make timely payments.. but you are equally responsible to repay the debt. Also, it takes away from your available credit so make sure it is something you really need to get in debt for. If you mean co-signor, YOU are responsible for all the debt and it goes against your credit entirely even though the other party is "supposed" to be responsible. "Affect" doesn't necessarily mean something bad. Yes, being a co-applicant affects your credit. If you are a co-applicant, it is usually affects your credit the same way it would if you were the only applicant. If the loan is repaid in a timely manner, it affects your credit positively. If the loan is paid back in a non-timely manner, or if it is defaulted on, it affects your credit adversly.
How do you get a credit card 'Closed' on your Credit Report for a company which is out of business to reduce your available outstanding credit?
I would dispute it with the credit card companies and once they will have to take care of it or will either not be able to contact the company and therefore have to take it off.
What income level is required to obtain a chase home mortgage?
It would depend on things such as the loan size and type, the credit rating of the applicant, and also any assets the applicant may use to guarantee the loan. If the applicant has a good enough asset base to use to guarantee a loan then there would not be a necessary income level for a Chase mortgage.
Would cosigning for your son's apartment rental agreement be viewed the same as cosigning for an actual loan when applying for future credit assuming all payments are made on time?
Co-signing means that you accept 100% financial liability for the contract in question. The manner in which the contract is adhered too has equal impact on your credit.
What credit card companies will allow you to apply with a co-signer?
If the cosigner has a good credit rating any credit card company would be more than happy to let them cosign. All credit card companies are interested in is getting their money back. The cosigner should always be as sure as possible that the person they are cosigning for is reliable and will pay back any outstanding balance because if they don't the cosigner is 100% responsible in paying that debt back!
What credit card companies will allow you to apply with a co signer?
If the cosigner has a good credit rating any credit card company would be more than happy to let them cosign. All credit card companies are interested in is getting their money back. The cosigner should always be as sure as possible that the person they are cosigning for is reliable and will pay back any outstanding balance because if they don't the cosigner is 100% responsible in paying that debt back!
Does divorce disqualify one from eligibility to cosign a loan?
It depends on what kind of loan. Generally, the answer is no, it does not, but the divorce may have an adverse effect on the separate credit scores, and it would be the lowering of the credit score that might make one ineligible for cosigning.
Would it be considered good credit standing if you don't have any outstanding loans or financial obligations?
Not really, having no credit is just as can be just like having bad credit.
Does being a co applicant affect your credit?
No it helps it if you make timely payments.. but you are equally responsible to repay the debt. Also, it takes away from your available credit so make sure it is something you really need to get in debt for. If you mean co-signor, YOU are responsible for all the debt and it goes against your credit entirely even though the other party is "supposed" to be responsible. "Affect" doesn't necessarily mean something bad. Yes, being a co-applicant affects your credit. If you are a co-applicant, it is usually affects your credit the same way it would if you were the only applicant. If the loan is repaid in a timely manner, it affects your credit positively. If the loan is paid back in a non-timely manner, or if it is defaulted on, it affects your credit adversly.
How do you get a credit card 'Closed' on your Credit Report for a company which is out of business to reduce your available outstanding credit?
I would dispute it with the credit card companies and once they will have to take care of it or will either not be able to contact the company and therefore have to take it off.
What income level is required to obtain a chase home mortgage?
It would depend on things such as the loan size and type, the credit rating of the applicant, and also any assets the applicant may use to guarantee the loan. If the applicant has a good enough asset base to use to guarantee a loan then there would not be a necessary income level for a Chase mortgage.
Does failure to pay child support show up on your background check?
Yes, as it would include a credit check for outstanding debts.
If I am 14 years old can you apply for a credit card in the US?
A credit card requires a contract. Contracts can not be executed with a minor (someone under 18). So you would need a parent or guardian to be a co-applicant or guarantor if you want a credit card.
What are the disadvantages of a poor credit card?
Having a credit card is not always an easy job. There are advantages, but also disadvantages. One of the disadvantage is to have a poor credit card record which means that the credit card is being overused. With the poor credit card record, the applicant would find it difficult to approach the amount, because it would be more expensive than normal.
What is an outstanding judgment on a credit report?
An outstanding judgment is a court order that gives a creditor the legal right to collect from a debtor. As court judgments are a matter of public record, a creditor can report the judgment on the debtor's credit reports. An example of a judgment placed on a credit report would be a judgment for eviction. This judgment will remain on the credit report for seven years from the filing date.
