cwoods1025

October 24, 2007

Posted by cwoods1025

if i co-signed for son to get a car or took out credit cards in my name would it show up on my husbands credit report if his information was not used?

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TonyLiu

October 24, 2007

Posted by TonyLiu

4 stars ( 1 rating )

If you co-sign a loan the loan is certainly linked to you, as you are guaranteeing the debt. You will have to repay the loan if your son does not. It’s critical that you understand and accept this responsibility.

It is certainly possible and expected for your husband's credit report to show this loan as you and your husband's credit are linked.

Does your son have any late payments or defaults on the loan?

Comments

  1. cwoods1025: no they have not been late. i am more concerned about the credit cards showing up on his credit....
  2. TonyLiu: Happy to hear the payments are not late. What's the reason behind not wanting the loan to show up on your husbands credit report? Divorce, Financial Issues? The possibility of it lowering his credit score?

    Is your husband perhaps expecting to take out a loan in the near future?
  3. cwoods1025: he is looking to take out a loan in his name. do you know if the credit cards will show up?
  4. TonyLiu: When you apply for credit jointly (i.e., a large loan that you'll need two incomes to support), then both of you and your husband's reports will be reviewed during the application process.

    So the real question is: When your husband applies for a loan, will be be applying for credit jointly? If so, he will see your son's car loan.

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