If I get a loan with my BF for $1500 and I have great credit is credit isnt, will my credit grow as we pay on it, or will it go down immediately because im taking on his low rate. He is good for the 1500 but im talking about in terms of my credit rate with me being the primary holder. Once its paid off, will my credit be better than before , or not as better because of his credit?
2007-08-01 04:56:13 · 2 answers · asked by Anonymous in Business & Finance ➔ Credit
Very, very bad idea to co-sign a loan with your boyfriend. Your boyfriend got bad credit by not paying his debts on time. Chances are you're going to get stuck paying off the loan all by yourself. But not till your boyfriend has made late payments which will trash YOUR credit.
2007-08-01 05:32:54 · answer #1 · answered by bdancer222 7 · 1⤊ 0⤋
Better speak to the place where you got the loan
2007-08-01 11:58:33 · answer #2 · answered by Anonymous · 0⤊ 1⤋