@Anonymous wrote:
I have a good credit score but I currently have a "JOINT" personal loan reporting on my account with $5k left to pay off and $1300 per month being paid by my mother who is the other person on the loan. She is the one that is paying the loan and I am just on there as well so our credit reports got pulled. I was interested in geting my own personal loan and wondered if the bank or credit union i attempt to do this with will deny me because I have one that is currently showing as still paying even though it is a joint one and I am not paying anything on it. Do you think this will factor in? Would they ask me and I could tell them I am not paying it or will they just go by what the credit report says? Anyone with any knowledge on this your HELP is appreciated.
You might get another loan with eveything just the way it is. It all depends on your credit profile. You could talk to the lender and tell them you are not making the payments but I believe they'll have to go by what's on the credit report. They can't just take people's word for things.
That $5,000 loan will be paid off in less than 4 months anyway. You can always wait until then.
From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774
"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".
