thanks.
2007-03-19 06:22:04 · 7 answers · asked by Anonymous in Business & Finance ➔ Credit
I'm talking about bank acc, not credit card or loan
2007-03-20 09:43:24 · update #1
If it's just a joint savings or checking account, that has no barring on credit rating. It's only if you have a joint credit card, that it would.
2007-03-19 06:36:48 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Yes, having a joint bank account would constitute a financial relationship. You are 'associated' with anyone with whom you have a joint account.
When two people apply for a joint account (e.g. joint mortgage or loan) the lender will perform a joint credit search with one or more of the credit reference agencies. This joint search will normally create a financial association between the two applicants on the database of any credit reference agency used. This association will link the credit files of those individuals in the future. A transient association is a relationship between two or more applicants that does not indicate a permanent financial association, such as two or more students applying to rent a television or a fridge together.
2007-03-19 06:25:30 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes, each of the account owners will have a separate credit report as a result.
2007-03-19 06:26:21 · answer #3 · answered by Latigo 3 · 0⤊ 0⤋
Yes. I have a joint account with someone with bad credit and it has affected my credit rating.
I got a credit report from experion and on that it shows you who you are linked with.
2007-03-19 06:25:44 · answer #4 · answered by OriginalBubble 6 · 0⤊ 0⤋
Defiantly yes
2007-03-19 06:29:35 · answer #5 · answered by ANDREW J 3 · 0⤊ 0⤋
it does effect both your credit ratings, if thats what you're asking. yes.
2007-03-19 06:25:18 · answer #6 · answered by The Machine 2 · 1⤊ 0⤋
Yeah, but it can have adverse effects if one of you defaults, be careful
2007-03-19 06:32:06 · answer #7 · answered by newciderman 6 · 0⤊ 0⤋