topic Re: PenFed member in General Credit Topics

PenFed member

kugel — Thu, 19 Oct 2017 22:29:42 GMT

If I join family member as a member and thier credit gets ruin in the long term does this effect my credit with PenFed?

Re: PenFed member

kugel — Thu, 19 Oct 2017 22:53:43 GMT

Re: PenFed member

Anonymous — Thu, 19 Oct 2017 23:01:38 GMT

Can you explain or re-write that

Re: PenFed member

peghede — Thu, 19 Oct 2017 23:26:29 GMT

Re: PenFed member

AverageJoesCredit — Thu, 19 Oct 2017 23:28:30 GMT

No, your credit is your own and they would have their own credit and or accounts. We each are responsible for our own accounts.

Re: PenFed member

JR_TX — Thu, 19 Oct 2017 23:53:10 GMT

Only if you’re both co-signees on any “credit” product that becomes delinquent or charged off. So make sure to watch that joint acct if ever and make sure it’s paid on time.

Re: PenFed member

Anonymous — Fri, 20 Oct 2017 05:07:11 GMT

Anyone can join without a sponsor.

Re: PenFed member

Glen_M — Sat, 21 Oct 2017 23:27:40 GMT

Sponsoring them does not make you liable in any way for anything they do.

Co-signing for a loan or credit product is what you are thinking of -- that would make you liable.