My wife is an additional cardholder on many of my credit cards. It appears the balances on these accounts are negatively affecting her credit score. If I remove her name from these accounts, will her credit score improve?
2007-01-20 07:35:34 · 6 answers · asked by Matt J 1 in Business & Finance ➔ Credit
Yes it does... and the account holders as well...
2007-01-20 07:42:45 · answer #1 · answered by Anonymous · 0⤊ 0⤋
yes, being added as a cardholder is the same as having the account. you adopt that persons credit score until they have something in their name then they will stand on their own credit score.
2007-01-20 18:02:41 · answer #2 · answered by Debt Free! 5 · 0⤊ 0⤋
No, but it sure can affect the credit of the primary card holder; use it with discretion.
2007-01-20 16:42:38 · answer #3 · answered by poutine 4 · 0⤊ 0⤋
yes. and if your balance on the credit card was low it will actually improve her credit score.
http://www.disputedemon.com/credit-score/
2007-01-20 16:06:16 · answer #4 · answered by CreditScoreBooster 2 · 0⤊ 1⤋
Yes.
The sword cuts both ways.
It improves your score with good payments.
It ruins your score with non-payments.
2007-01-21 03:48:07 · answer #5 · answered by DaMan 5 · 0⤊ 0⤋
Yes it affects theirs as much as yours
2007-01-20 17:10:14 · answer #6 · answered by roger v 4 · 0⤊ 0⤋