Timeline for CareCredit Co-signer Triples Credit Line, Maxes it out & tanks my score
Current License: CC BY-SA 4.0
11 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Apr 1, 2022 at 13:39 | comment | added | J. Canon | I’m still new to credit so my verbiage maybe wrong. They sent us each a card if that helps helps. I’ve always paid for things upfront & never had credit cards or loans. When I applied for the care credit I was denied until adding my dad. My father will pay it off. His credit score is above 800. He isn’t quite that nefarious but if he doesn’t make the payments I will. I guess I’m looking for advice on how to counter act but sounds like it’s continue what I’ve been doing and slowly & strategically manage the credit cards & car loan I have now. Thank you for your responses! | |
| Apr 1, 2022 at 6:00 | history | tweeted | twitter.com/StackFinance/status/1509772552381648896 | ||
| Mar 31, 2022 at 22:40 | comment | added | littleadv | @DJClayworth "co-signer" is essentially a joint account. The bank doesn't really care who of the two actually needed the credit, for the bank these are just two co-owners that are both equally responsible. | |
| Mar 31, 2022 at 19:55 | history | became hot network question | |||
| Mar 31, 2022 at 16:23 | comment | added | Pete B. | @DJClayworth while you are technically correct, in reality most lenders make the other person a co-owner or authorized user. They misrepresent the relationship to the applicants. It happens all the time at card dealers as many questions on this site can attest. | |
| Mar 31, 2022 at 14:13 | comment | added | DJClayworth | Co-signers should not be able to increase credit limits or make charges. What it sounds like is that you converted your credit card into a join account card which is not the same thing. | |
| Mar 31, 2022 at 14:12 | comment | added | Pete B. | If his goal is to sabotage you, then he will not pay off this balance. Follow D Stanely's advice and pay this sucker off yourself. A high credit score is not the path to financial security. | |
| Mar 31, 2022 at 14:01 | answer | added | D Stanley | timeline score: 9 | |
| Mar 31, 2022 at 12:29 | comment | added | mhoran_psprep | Is this in the United States? | |
| S Mar 31, 2022 at 11:48 | review | First questions | |||
| Mar 31, 2022 at 12:58 | |||||
| S Mar 31, 2022 at 11:48 | history | asked | J. Canon | CC BY-SA 4.0 |