My girlfriend has been unable to get a credit card because of an outstanding (and, we think, fradulent) debt on her record. We tried to contact the collection agency using the address listed on all three of the credit bureau websites, but the mail got returned. Since then, we've filed disputes with all 3 bureaus. One took the collection off immediately, the other two are still under review.
Bank of America (where she's banked for years) turned her down for a credit card, as did USAA (she's military), which was a little odd to me. Of course, she can't even get a store card, since she needs an existing credit card to qualify. She has 2 or 3 student loan accounts that have been paid on time, in full, each month for the last 3 years since graduation. Her mom convinced her (back in the age of easy credit) that she didn't need a card.
Now, unfortunately, in the tighter credit times, needing credit to get credit is a downward spiral, and she's somewhat stuck. Her joke is that she and I should get a joint credit card. My standard reply is that she should get a joint card with her parents. Her standard reply is that she's sort of done asking her parents for stuff.
Given that she's fiscally responsible, employed by the military, and has never defaulted/late paid, would it be okay to open a joint account with her? We've been together a few years, so she's not really a flight risk. If things go south, I can always pay off the account (I'm figuring on having a low credit line) and close it. If things go well, this will help her establish some credit.
Can anyone poke holes in my idea/give some precautions? Thanks!