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New Member
NeedingAdvice
Posts: 7
Registered: ‎09-13-2012
0

Re: Credit Card Co-signer

What kind did you get?  Does it have travel rewards?

New Member
NeedingAdvice
Posts: 7
Registered: ‎09-13-2012
0

Re: Credit Card Co-signer

Which card do you recommend?

 

*Thank you for your comments/response.

Established Contributor
lithium78
Posts: 930
Registered: ‎07-30-2011
0

Re: Credit Card Co-signer

Don't get a co-signer.  I was a co-signer on an auto loan once and took a hit when the person missed a payment.  It's just not fair to put someone else at risk because who knows what can happen?

 

Your best bet is to get a secured credit card from your local credit union and put down a sizeable deposit.  Also, if you haven't done so already, see if you can rehab your student loans to eventually remove the default status.  That's much better than having to wait seven years for the baddies to fall off your report.


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New Member
NeedingAdvice
Posts: 7
Registered: ‎09-13-2012
0

Re: Credit Card Co-signer

What does this mean?:
"see if you can rehab your student loans to eventually remove the default status"

Established Contributor
lithium78
Posts: 930
Registered: ‎07-30-2011
0

Re: Credit Card Co-signer

If you haven't consolidated your loans yet, you can work out a rehabilitation plan with Direct Loans and they will remove the default status after you make 12 on-time payments.


Starting Score: TU: 566
Current Score: TU: 741 (Discover FICO); EQ: 755 (MyFico) EX: 774 (FAKO)
Goal Score: 800

Take the FICO Fitness Challenge
Valued Contributor
rootpooty
Posts: 1,772
Registered: ‎10-28-2011
0

Re: Credit Card Co-signer

I dont recommend a co signer or joint account.  You would be better off rebuilding with 2-3 secured cards if your credit picture doesnt justify getting subprime unsecured credit for now

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New Member
NeedingAdvice
Posts: 7
Registered: ‎09-13-2012
0

Re: Credit Card Co-signer

All my student loans are paid off (LATE but in full).  I currently have zero debt but bad credit due to the federal student loans.


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