Having bad credit can be a nightmare, reducing your ability to access services from mortgages to cell contracts. In the past, teaming up with a co-signer could help those with a bad score to improve their rating until they were able to stand on their own two feet. Many financial institutions are now removing this option from the financing offers they provide. If you want more credit, check out MoneyTips' list of credit card offers.
The latest company to disallow new customers from joining with a co-signer is the credit card firm Discover. American Express and Chase have made similar decisions, while Citi removed this option more than a decade ago. These firms do still allow authorized users to be added to accounts. Authorized users are third parties that are not responsible for pa...
from MoneyTips http://www.moneytips.com/building-credit-more-difficult-as-companies-remove-co-sign-options/345
No comments:
Post a Comment