How to fix wrong information on credit report?

For just about anything you want to get off your chest about credit cards.
13 posts
User avatar
rhipsher
Centurion Member
Centurion Member
 
Posts: 109
Joined: Sat Feb 16, 2013 10:26 am
Location: Houston tx,

Postby rhipsher » Sun Mar 03, 2013 10:59 pm

Don't ever ever cosign for anyone. I wouldn't touch that with a 12 foot pair of ice hooks. If they need a cosigner there's a reason why. I've seen to many people get burned.


kcarter609
Centurion Member
Centurion Member
 
Posts: 423
Joined: Thu Aug 09, 2012 7:54 am
Location: VA

Postby kcarter609 » Mon Mar 04, 2013 12:10 am

rhipsher wrote:Don't ever ever cosign for anyone. I wouldn't touch that with a 12 foot pair of ice hooks. If they need a cosigner there's a reason why. I've seen to many people get burned.


There are VERY RARE cases where it's ok to cosign. I know people say don't ever do it, but my father cosigned my car loan due to lack of credit history. He also knew I could pay for it with no problem, and that I would since I care about my credit and other finance stuff in general. He knew I'd never mess it up. 99.99999999999999% of the time DO NOT cosign something.

Active Cards:
Chase Freedom 10+10 Visa Signature ($9k Limit - 8/2012)
Chase Sapphire Preferred ($10k Limit - 2/2013)
Chase Ink Plus ($7k Limit - 2/2013)
Discover IT ($9.5k Limit - 10/2012)
AMEX Zync (No Pre-set Limit - 1/2010)
AMEX Blue Cash Everyday ($20k Limit - 1/2013 - Backdate to 1/2010)

Randiesel75
Platinum Member
Platinum Member
 
Posts: 84
Joined: Thu Dec 27, 2012 8:43 pm
Location: Clark, NJ

Postby Randiesel75 » Mon Mar 04, 2013 5:24 am

kcarter609 wrote:There are VERY RARE cases where it's ok to cosign. I know people say don't ever do it, but my father cosigned my car loan due to lack of credit history. He also knew I could pay for it with no problem, and that I would since I care about my credit and other finance stuff in general. He knew I'd never mess it up. 99.99999999999999% of the time DO NOT cosign something.


Agreed. I had the identical situation as you, which is where it made sense. Otherwise, I would never ask anyone to bear the risk of another person potentially affecting (negatively) your credit.



Return to “General Credit Card Talk”

Who is online

Users browsing this forum: No registered users and 1 guest