Comments on: BAD Credit?

By: JUAN E

JUAN E — Sun, 18 Oct 2009 13:36:59 +0000

Checking accounts have nothing to do with your credit. Only delinquent loans can damage your credit. Negative checking balances are only reported to Check Systems. This can also be harmful, if you ever plan on opening a checking account elsewhere. JUAN E

By: Ask M

Ask M — Sat, 17 Oct 2009 01:47:38 +0000

wow ruining your life at 17 and hurting your mom !!!!! Ask M

By: GTW

GTW — Sat, 17 Oct 2009 00:32:29 +0000

of course it affected her credit because she co-sign GTW

By: northstar40601

northstar40601 — Thu, 15 Oct 2009 01:23:22 +0000

If your mother nor you,,,,, have been making the payments on this debt, then YES, your mother’s credit is bad.
( A question is How BAd has this made your mother’s credit…which noone on yahoo! answers can really tell you)
When someone co signs a loan for you, and you don’t pay, the lender (bank) looks to the co signer to pay. If the co signer doesn’t pay, the co signers credit gets BAD because of it.
The Lesson to be Learned: For the REst of your Life, Do not EVER co-sign a loan for ANYONE !!!!! northstar40601

By: Brandie K

Brandie K — Sun, 11 Oct 2009 16:25:54 +0000

Yes - your Mom’s credit will be affected by this. A co-signer means she is legally responsible for the debt if you don’t pay it. Brandie K

By: Chrystal

Chrystal — Fri, 09 Oct 2009 20:46:37 +0000

I believe it’ll effect her credit, I don’t know by how much though. Chrystal