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re: Co-signing and credit scores

Posted on 1/29/10 at 7:07 am to
Posted by UnTamedTiger
Thibodaux
Member since Sep 2006
3163 posts
Posted on 1/29/10 at 7:07 am to
I guess my real question is, Will my lower credit score effect her score adversely, ultimately preventing us from obtaining the financing incentive?
Posted by Catman88
Baton Rouge, LA
Member since Dec 2004
49125 posts
Posted on 1/29/10 at 8:04 am to
Your score can in no way do anything to her score.. The only way her score can be hurt by you is if you are both on a loan and you dont pay THAT loan. But your own past credit history cannot affect her score.. Just dont put her as a authorized user on any of your accounts that had any issues before.

If at all try to get the car on your own first. If you both have the car on your credit report it can hurt her in the future if she wants to get a new car and your car isnt paid for.

This post was edited on 1/29/10 at 8:08 am
Posted by Will Cover
St. Louis, MO
Member since Mar 2007
38596 posts
Posted on 1/29/10 at 12:14 pm to
quote:

Will my lower credit score effect her score adversely, ultimately preventing us from obtaining the financing incentive?


No
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