Re: joint account/credit report question.

Posted by Why Chat (209.240.198.61) on May 22, 2003 at 20:04:02:

In Reply to: joint account/credit report question. posted by Bailey on May 22, 2003 at 18:08:06:

"Phil" is mistaken.

Once your name is on an account, the only way it can be removed is with the permission of the creditor.

If you (1)default on the account,or (2) declare BK, the co-signer will have in the 1st case the derogatory information on his report, and in the 2nd case, the total responsibiity for the debt.

Follow Ups:

Post a Followup