Re: Co-signer

haulingthescoreup · ‎04-01-2007

Lexa wrote:
Just curious, is there such a thing as a co-signer on a credit card? like there are co-signers on car loans and mortages?

Don't go joint on a CC, though. There's a world of hurt waiting out there if you do.

Mortgages should be the only jointly held credit, as homes are protected in case of BK.

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007

txjohn · ‎09-12-2008

haulingthescoreup wrote:
Lexa wrote:
Just curious, is there such a thing as a co-signer on a credit card? like there are co-signers on car loans and mortages?

Don't go joint on a CC, though. There's a world of hurt waiting out there if you do.

Mortgages should be the only jointly held credit, as homes are protected in case of BK.

Primary transportation (auto) is exempt as well, unless filing on the loan. At least in TX.

Message Edited by txjohn on 08-25-2009 07:07 AM

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creditwherecreditisdue · ‎04-19-2009

FL BK exemptions can be viewed here:

http://www.bankruptcyinformation.com/FL_exemp.htm

Auto provision not so generous as TX I think.

NeedingAdvice · ‎09-13-2012

My student loans have been paid timely and in full..but AFTER they went to collections. As a result, my credit is ruined. At 33 years old, am I eligible to have a cosigner on a credit card? Which ones accect applicants OVER age 21? Will that establish credit for me? Or only affect the cosigner??

Jlu · ‎06-12-2012

plasticman wrote:
If I am not mistaken, under the new law, one can get a CC under age 21 without a consigner provided one can prove sufficient income via an employer.

This is the teen-celebrity clause so Justin Bieber can still get a Centurion

EDIT: Holy thread bump

gettnthere · ‎06-14-2012

Wow, this thread is more than 3years old.....lol NEEDING ADVICE, you may want to start a new thread with your question and you'll probably get more responses

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roxy382 · ‎01-09-2012

+1000 to Jlu

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firesoul453 · ‎08-24-2012

DI wrote:
Lexa wrote:
Just curious, is there such a thing as a co-signer on a credit card? like there are co-signers on car loans and mortages?
Yes, and matter of fact the new law require those under 21 to have a cosigner to get a credit card.

Only requirement to get a credit card under 21 (I am still under 21 and have more than 6 lines of credit), is that you can pay for it. (Maybe you have a job, or maybe you have a bunch of money saved up)

Which makes me wonder why credit cards are (or were ever) offered to anyone who doesn't have any means of paying it off...

My ultimate credit wish,
a JP Morgan Palladium card

Credit Cards

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