Co-Signing on Credit Card Application Tips
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Posted: Mon Aug 16, 2004 4:36 pm
Post subject: Co-Signing on Credit Card Application Tips
Jen
Date: 6/19/2001 4:21 pm CDT
Through the years I have established a great credit record, but my husband's needs a little help. The main problem is insufficient credit history. He tried for a secured card, but was turned down. I'm wondering if I co-sign on a credit card application if he would be able to procur a card and if it would be reported to the credit bureaus in his name, thereby helping establish his credit rating. Any legit advice would be greatly appreciated.
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Posted: Mon Aug 16, 2004 4:36 pm
Post subject: Co-Signing on Credit Card Application Tips
Linda in VA
Date: 6/19/2001 5:41 pm CDT
Jen,
You can add him as an authorized user on one of your cards - one you have had a long time. Then just check to make sure they report it on his credit reports.
i just did the same thing for my Mom.
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Posted: Mon Aug 16, 2004 4:37 pm
Post subject: Co-Signing on Credit Card Application Tips
Ed Mason
Date: 6/20/2001 11:55 pm CDT
You would want to make sure that you put your Hubby on as a co applicant or Joint.. By doing this it will show up on his credit and improve his ability for getting credit.. You can add him on as an authorized user., but by doing this instead of having him as a Coap, it does not help in regards to giving him credit references, because an Authorized User is not legally responsible for the Debt as where a Co applicant is just as responsible as the primary.
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Posted: Mon Aug 16, 2004 4:37 pm
Post subject: Co-Signing on Credit Card Application Tips
Linda in VA
Date: 6/21/2001 10:41 am CDT
I disagree.
CC companies do report on AU, generally speaking, and if one doesn't, you can ask them to. AU can be held responsible for the debt while they are on the card, not after they have been removed as AU. I checked on all this with my CCC's before adding my Mom to my cards.
Ed, where are you getting this information?
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Posted: Mon Aug 16, 2004 4:38 pm
Post subject: Co-Signing on Credit Card Application Tips
Linda in VA
Date: 6/21/2001 10:41 am CDT
I disagree.
CC companies do report on AU, generally speaking, and if one doesn't, you can ask them to. AU can be held responsible for the debt while they are on the card, not after they have been removed as AU. I checked on all this with my CCC's before adding my Mom to my cards.
Ed, where are you getting this information?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Mon Aug 16, 2004 4:36 pm
Post subject: Co-Signing on Credit Card Application Tips
Jen
Date: 6/19/2001 4:21 pm CDT
Through the years I have established a great credit record, but my husband's needs a little help. The main problem is insufficient credit history. He tried for a secured card, but was turned down. I'm wondering if I co-sign on a credit card application if he would be able to procur a card and if it would be reported to the credit bureaus in his name, thereby helping establish his credit rating. Any legit advice would be greatly appreciated.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
archive
Posted: Mon Aug 16, 2004 4:36 pm
Post subject: Co-Signing on Credit Card Application Tips
Linda in VA
Date: 6/19/2001 5:41 pm CDT
Jen,
You can add him as an authorized user on one of your cards - one you have had a long time. Then just check to make sure they report it on his credit reports.
i just did the same thing for my Mom.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
archive
Posted: Mon Aug 16, 2004 4:37 pm
Post subject: Co-Signing on Credit Card Application Tips
Ed Mason
Date: 6/20/2001 11:55 pm CDT
You would want to make sure that you put your Hubby on as a co applicant or Joint.. By doing this it will show up on his credit and improve his ability for getting credit.. You can add him on as an authorized user., but by doing this instead of having him as a Coap, it does not help in regards to giving him credit references, because an Authorized User is not legally responsible for the Debt as where a Co applicant is just as responsible as the primary.
archive
Posted: Mon Aug 16, 2004 4:37 pm
Post subject: Co-Signing on Credit Card Application Tips
Linda in VA
Date: 6/21/2001 10:41 am CDT
I disagree.
CC companies do report on AU, generally speaking, and if one doesn't, you can ask them to. AU can be held responsible for the debt while they are on the card, not after they have been removed as AU. I checked on all this with my CCC's before adding my Mom to my cards.
Ed, where are you getting this information?
archive
Posted: Mon Aug 16, 2004 4:38 pm
Post subject: Co-Signing on Credit Card Application Tips
Linda in VA
Date: 6/21/2001 10:41 am CDT
I disagree.
CC companies do report on AU, generally speaking, and if one doesn't, you can ask them to. AU can be held responsible for the debt while they are on the card, not after they have been removed as AU. I checked on all this with my CCC's before adding my Mom to my cards.
Ed, where are you getting this information?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 12:35 PM
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