 How can I get out of a bad car loan? |
| 18 months ago my girlfriend purchased a car for her brother (in her name) against my better judgement. She took out a $29,000 loan at 15% interest, which he was to pay. 18 months later, the brother ... |
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 Can collection agencies from the United states garnish wages from another country? |
| If you owe money in the United States and then move out of the country without paying the bill and it ends up in a collection agency, can that agency garnish your wages from the country you live in ... |
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 Not to be morbid but if your co-signer passes away. . . .? |
if the co-signer for someone's auto loan passes away before the term is up...what happens then? Who is ultimately responsible and do you still get to keep the car?
Additional Details<... |
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 Depositing a check? |
I just got my first paycheck and I have no idea how to cash it or deposit it... whatever it's called.
I opened a checking account a couple weeks ago, I want to go to the bank monday morning,... |
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 Im in debt like 12 thousand dollars and i need to get a loan and pay everything off? |
| only problem is my credit score and credit history are very bad i think my score is in the mid 500s any suggestions?? where i can ... |
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 I signed up on freecreditreport.com? |
| How do i know if I was enrolled in the 30day free trial subscription? Do they automatically enroll you in that when you check your credit score?... |
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 Is signing up for college the easiest way to get credit cards? |
| If I sign up for classes will the credit card companies shower me with credit?... |
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 Does anyone know where my husband and I can get a personal loan when we have bad credit? |
| We really want to increase our credit scores and pay off what i think is small debt but looks ugly on our credit reports.... |
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 What is a good Credit card rate? |
| i would like to know what is a good apr rate, and what does apr mean? is that the interest?, and i'm new to credit, anyone know a good online place where to get a credit card like mastercard, ... |
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 What do I do if my car was repossed? |
I cant afford it, Can I settle later and save my credit?
( which is going down the drain)and how do I get my stuff back that was in the car, is there a cost?
Anyone know about this..I live ... |
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 Credit problem?? |
| I recently had some collections accounts that were not mine deleted from my credit report...now the only credit I have is a credit card from Premier. I just opened that account about 3 months ago, ... |
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 Debt Relief? |
| Please someone help. I am a single mother with a disable 10 year daugther. I jsut was divorced and my ex rights were terminated due to what he did to my daughter. I am trying to get back on my feet ... |
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 Credit card for student with limited or no credit history? |
| I have recently started looking for the best credit card for me to pay for a couple semesters of school and a little bit of automotive work. I plan on doing an auto pay. The credit card i'm ... |
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 Co-signing a 6 month lease for someone else. How does it effect me if I did.....? |
| Basically how does that show up on my credit? Have someone that is moving to Chicago and needs a 6 month lease co-signer. What effect does this have on my credit rating? Does it show I have a 6 month ... |
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 What are the pros and cons of a 0 interest credit card? |
| There are many credit card companies that offer 0% interest for up to 12 months. What are the pros and cons?... |
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 First time credit card user- which one? |
I've never had a credit card before and I am going to get one to begin building my credit (I'm way too old not to have one!)
What card do you have? What do you like about it? W... |
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Mike P | Is it safe to add someone as an authorized user on a credit card? (piggybacking)? |
My father did this for me years ago (still have the cards). I'd like him to add me to more of his accounts to raise my fico score. I don't want him to think I'm going to rip him off, I don't even want a card in my name.. just something on my credit report that says I have a longer length of credit history. |
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Windy
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I did it for my mom and kept her cards. Ask him and hand him the cards you already have to ease any doubts |
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acermill
 |
Don't bother with piggybacking. As of September of this year, the FICO system, along with the three major credit reporting agencies, are changing their systems to not consider 'authorized user' as any factor in increasing credit scores. Keep your eye on your credit report after September, because they are also indicating that they are changing the system to REMOVE past credit score increases based upon being an authorized user. "Piggybacking or not", you may well find your credit score going down.
This from Mortgage News Daily:
The phenomenon may not last long. FICO announced on June 12 that piggy-backing will soon come to an end on its watch. In September, when the company issues an updated version of its credit score system, the authorized user category will no longer have an impact on credit scores. It appears that this change will be retroactive, thus rolling back the scores of "authorized users." |
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mike1942f
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Only if he can trust you and totally understands the situation. |
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rita_alabama
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Makes sense...he could add you as an authorized user, but if you don't know the card # and you don't have a copy of the card, that sure limits your use of it :) |
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SPIFIMAN1
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acermill is correct.
This is the fault of some companies that were selling trade lines to people to raise their scores. This resulted in the mortgage industry giving out loans to people at reduced rates that they really did not qualify for and this has resulted in thousands of foreclosures all over the nation.
The mortgage industry lobbied the FTC to mandate changes in the way credit scores were calculated and this is the result.
All because some people were trying to cheat the system. |
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Connie
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Your father can add you as an authorized user without you getting the card. He still the use card as he normally would as long as he pays on time. If he doesn't, although you're only an authorized user, it will effect your credit since credit card company reports you to credit bureau.
Although you're not legally responsible for the payment. However, he also has to trust you too. Although you may not have the card in your possession, you'll still be able to call the credit card company to inquire the information about the card. You can do the balance transfer, change the address, enroll on banking online. If the trust is not there, you can also do lots of damage to his credit. |
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mor2fix202000
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NO NO and NO. |
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Chris C
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It won't look longer.
It will show when you were added on.
Also, it does not do anything beneficial for your credit.
And... If he dies or can't pay his bill, YOU will be liable to come up with the money AND it will show a negative on YOUR credit... just by having an authorized card on his account.
It ain't fair, but thats the way it works. |
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dual_reality2
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Grow up finally and take care of yourself. |
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