 Horrible Credit.I Need Help? |
| I'm 22 and I have horribly bad credit . I have 2 capital one cards with $500 credit limit. Plus I have been financing a car for 3 years, with 2 more years to go? Is it hopeless that I will be ... |
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 Why doesnt my debt of almost $8000 show on my credit report? |
| Stopped making $300+ payments in 2004. Shouldn't this show up as an adverse account on my credit report? Why isn't it there? It should at least be listed and say "charged off as bad ... |
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 If I pay my mortgage late, but under 30 days, will that affect my credit? |
| Unfortunately, I got into the habit of paying later in the month and haven't been able to get back to paying on the 1st of the month. I asked someone from the mortgage company, when I called to ... |
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 What is the best way to establish credit after a bankruptcy? It has been about 3 years since.? |
Additional Details
I've read about opening secured credit cards (pay $300 deposit on a $300 card)... |
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 Whats the best credit card to use? |
| well my husband whats to get a credit card and dont know the best one to use can you please help?... |
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 Where can I find a fast personal loan? |
| I am in need of an unsecured personal loan today!!!! I have a bad credit score. I am working to try to get myself out of this mess, but it would make my life easier if I could pay some of these bills ... |
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 How do you find out what's wrong with your credit? I just applied for a credit card and was denied. I have a |
| couple of theories as to why and what i owe being the culprits, but how do you find out exactly what is making your credit too bad to recieve a credit card?... |
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 Credit card question? |
| I need to move to LA and fast to start college. My mom and possibly my brother are moving with me who both have incomes to help me with living there, but the thing is coming up with the money to move ... |
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 Why do people live way beyond their means? |
| I understand owing money on a house or even a car, but why are people so in debt? We (our family) only spend money on things we can buy outright, no credit. Sometimes we have to save for several ... |
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 Do most credit cards have annual fees? |
| I'm still pretty inexperienced with credit. I've only had one credit card (a Visa) for the past three years, and it has no annual fee. I just got a second (a MasterCard), and it has an ... |
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 Child support? |
| My BF has a child support judgement on his credit report. It's compleltly paid up in full and his has paperwork proving it. This is the only debt he has on his report. Even though it's ... |
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 How Much Is Your Total Debt? |
How Much Is Your Total Debt?
Mines is $15,000.00... |
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 What to look for before applying for a Credit Card? |
| I have never had a credit card and I don't have a clue what to look for in the terms and conditions before applying.... |
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Dan L | American express card? |
My dad added me to the additional card list. I called customer service and they said that i will not build credit because my dad is the person liable for the charges. But, she said that i will build credit with american express; and after that i can apply for an american express card and they'll report it to the credit bureau. Is this the truth or was the lady lying about this? She sounded unsure about her answer. Has anyone gotten an answer like this before? |
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carole
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She is exactly correct.
Peace! |
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Diane
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When I had a n American Express Card in my Name and then added one for my Husband it did not help his credit. At that time American Express only report the credit in my name. But also they would never answer any questions to my husband because her was only a signer and not an owner on the account. I would talk to your father about it and see what he has to say. You really need to try to get a card of your own or a bank loan to build you credit. Also if you use a credit card and pay it off every month you are not occurring interest but you also are not building your credit you need to make payments like pay every thing you owe except $5.00 a month that way you are now occurring to much interest. And never max out a credit card that is very bad for your credit. Almost as bad as missing payments. Good Luck. |
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AtiaoftheJulii
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The only way you can build credit for yourself is to obtain a credit card in YOUR own name. If you are the primary card holder, you will get the credit... |
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Pam
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I'm not really sure. I try to keep my husband and my credit completely separate so we each have our own credit. But one time I got a credit card and let him use it ("allowable user")...kind of like you and your dad. However, I know for a fact that it comes up on his credit report as an item. So the question is, if your credit is not built because he is ultimately responsible...then why is it listed on my husband's credit report (shouldn't it just be mine?) |
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Brandi
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read what Diane wrote. |
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jmorris48042
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Yes she is correct. |
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alter_tygo
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It used to be that way with American Express-- get a card on your parent's account, and then you build credit for yourself, all the while your parent is ultimately responsible for your charges.
Sounds like it hasn't changed since i was in college and my dad got me an AM Ex to take to Europe as an emergency safeguard. |
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killer_tranny
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go down to her office and slap he with a wet newspaper |
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anonymous_alwyz
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Credit cards are a bad idea .
Look at the debt more than 1/2 of America is in. |
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mom_in_love
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UR DAD WILL REGRET IT |
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Quy N
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It is untrue in my case. I was recently in that same situation. My fiancee took the same actions that your father did. She added me to her card as an authorized user therefore I received a card that was in my name but it was under her account. She got two different responses from the customer service representative when she asked if that would help build my credit. Both representatives sounded unsure about their answers-one said yes if AMX has my social security number on file with that account, the other one said NO. I recently got one of my credit history reports and the AMX account was reflected in my history reports. It also depends on which credit card company wants to report additional card holders to the credit bureau. In my case AMX does report therefore helping my credit history. These representatives are either not sure or not allow to full answers to those type of questions due to the benefits that could occur from a consumer standpoint. |
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lilmonty81
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That makes sense. Since you are only the secondary cardholder on your father's account all liability falls on him. So, if you don't pay your bill he is responsible for the debt not you.
On the other hand, you are making a name with American Express so if your Dad's account stays in good standing they can look to see that you were a cardholder on the account and in turn you will have proven that you are responsible to them. Then you can get your own card. |
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alexander
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Diane is absolutely wrong in respect that you won't build your credit if you pay off your credit card off every month. She is also wrong saying that one can't improve a credit score by being added to other person's credit account. However, whether company reports the primary cardholder’s payment history on the secondary user’s credit report depends on a company.
You can check it there if you like:
http://www.consumer-action.org/english/articles/families_and_credit_cards_eng/
http://articles.moneycentral.msn.com/CollegeAndFamily/MoneyInYour20s/9waysToBuildAKillerCreditScore.aspx
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