Credit Card eZine - News and Articles about Credit Cards
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Co-signing as a way out for those with bad credit
[March 15th, 2012]
If you have no or bad credit or if you are a young adult and are facing big difficulties in getting approved for a line of credit, say regular credit cards, you can consider somebody with much better credit than yours who is willing to share a credit account with you. This is known as co-signing. Not all credit issuers allow co-signing but some of them do.
First of all, co-signing is a matter of risk and great responsibility cuz if you fail to pay back debts a co-signer helped you get, it is the co-signer your credit issuer will go after. On top of that, your unpaid debts will negatively affect the co-signer’s credit rating. Therefore, if you are looking for a co-signer, turn to your parents, spouse or close friends, in short, turn to your dearest and nearest. Find someone who trusts you, has good credit and has nothing against doing you a huge favor by co-signing on a credit card or loan.
If you are firm about your decision to have a co-signer, be a responsible and decent person and keep in mind that it is your duty to repay the favor by paying off your own debts as agreed.
[April 13, 2017]
If you’re planning a trip in the near future, you might want to look for a flight on Southwest Airlines and try to book a reservation at a Marriott Courtyard hotel.
The two companies just earned high ratings for customer service from the 2017 Temkin Experience Ratings, a yearly ranking of comp...
[March 30, 2017]
If you’d like to donate more money to good causes, but you never seem to get around to setting up the donations, a new app will make it easier to be generous.
The app, called Movements, lets users donate small amounts that come from their credit cards. Here’s how it works: people choose a pro...
[March 15, 2017]
Commuters who spend a lot of time in the car will be happy to hear that there’s a new way for them to fuel up fast and pay quickly and securely, without even getting out of the car.
Gulf Oil is launching a new mobile payment app, called Gulf Pay. This lets drivers drive to the nearest Gulf stat...