I have changed my cell phone number 3 times and each and every time collection agencies are able to find it. Is there anything I can do to stop them from being able to get it?...
I figure that if the person is married, their spouse becomes resposible for playing any debts left behind, but what happens if this person is unmarried? Do their children inherit the debt? Do the ...
My husband and I are in our late fifties. He is disabled and is on a set income. We only make enough money to pay a our bills. There is very little money left over for gas, groceries or everyday ...
I just want to know where i can use my card at b/c i need to buy somethings and was thinkin of using my card but dont know what stores accept it. Does Wal-Mart accept this credit card?...
I am looking to get my credit score up and clean my credit. They say revolving accounts get your credit better but I have bad credit and can't get approved for a credit card. Even the crappy ...
I am getting my own credit card soon to help build credit, but I really don't want it to cost me much.
If I have no annual fee, and pay my (tiny) balance every month on time, will there any ...
I have tried to get debt consolidation help but every one just tells me they can't help me because my debt is not high enough!! I have been slowly paying what i can but am starting to sink fast--...
My ban k have sent me a letter saying that next month they are cutting my overdraft down from £1700 to £500!!!
I can't afford to pay it all of by the time they cut the overdraft limit and ...
I have a car loan with a Credit Union that has a year or so left, and I'm curious if paying it off early will significantly effect my credit scores, or it really doesn't matter very much?<...
I received a call from a collection agency trying to collect on a debt that is 8 years old, dating back to 1998. My state's Statute of Limitations for debt is seven years. Can they still collect ...
I also have on my credit report a few old debts and one judgment which is already paid and have a student loan on good stading.I will pay all of my old debts before trying to apply for a car loan. T...
Ive had a credit card for a few years now, and I pay off my credit card bills online. My in laws told me that if i want to avoid intrest charges I should pay off my credit card a week or two before ...
John G
If you co sign for somebody's credit card and they don't pay their bill, are you responsible?
Absolutely. Not only will the creditor look to you for payment if the other person doesn't pay the bill, they (the creditor) will also report the delinquency (if you don't pay) to the credit bureaus. This could mean you pay higher interest on loans and credit cards, or could even prevent you from obtaining credit. NOT a wise decision or situation to get involved in!!
Jim K
That's the point.
Cinderella
A co signer is a co applicant. Read the fine print. It's your debt as much as the other persons.
Something you should have asked before signing :-(
I'm sure your intentions were good.
Carlos R
Yes. What else would it mean?
?
Yes indeed. Don't sign for someone else's credit. There is a reason they can't get credit on their own and it's because....they are a RISK.
eantaelor
yup
buster
yes but you can go back to the bank you got it from and tell them if you split up for any reason the bill will be halved just like a pre nup its happening a lot , hope this helps , "B"
femaleofvirtue
Yes, you would be financially responsible if that person doesn't pay the bill. The person that needs the co-signer either doesn't have any credit history or has a bad credit history. If they need a co-signer because they haven't been financially responsible, DON'T DO IT!!! Protect your own credit. If the bill is too high for you to pay if they didn't, definitely DON'T DO IT!
NotComingHome
DOn't co-sign anybody...especially family.
starting over
Yes you are and not only are you responsible, if they don't pay, it affects your credit rating.
troythom
Yep.
gymfreak
Yes, that's why they get a co-signer. The person applying for the loan isn't financially qualified to get the loan on thier own so someone else co-signs stating they will pay the loan if the person defaults. You should never sign for anyone unless you completely trust that they are responsible and financial able to pay for the loan. Good Luck
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