Co-signer

[haulingthescoreup]

---

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.

[Anonymous]

---

@haulingthescoreup wrote:

---

@Anonymous 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

[creditwherecreditisdue]

FL BK exemptions can be viewed here:

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

Auto provision not so generous as TX I think.

[Anonymous]

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]

---

@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]

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

[Anonymous]

+1000 to Jlu

[firesoul453]

---

@DI wrote:

---

@Anonymous 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...