@JMCB wrote:When a loan or credit card reports to your credit report, are the Borrower or Co-borrower equally reported when calculating scores? As in, if you have a perfect reporting account that you are the primary borrower, will it affect your score more being the co-borrower? The reason I ask this, is that I am opening two loans in the next few months with another person to help build my credit. I can be the borrower or co-borrower. The interest rate is locked by the credit union so we are not worried who is first or second. I am just curious if it makes a difference or if they are equally reported?
Makes no difference in scoring its how the account is handled that matters to both.
@JMCB wrote:Thanks for the reply! Thats good to know. One last question, does it affect the scoring any different if you need a co-signer or co-borrower? Or if you are the only one on the account? Or still calculated the same?
Thanks again!
Not going to make any difference. A Fico score is created by what is in ones file and it doesnt look to see if one is a borrower, coB or an AU.