Credit Cards
recommended by
our experts

Get Cards
Credit Card eZine - News and Articles about Credit Cards

Credit Card eZine - News and Articles about Credit Cards

Get even more information on credit cards? Read our Credit Card eZine. The section is regularly updated by our specialists. Learn all the financial tricks. Know the pitfalls and hidden bonuses. Find out how to transfer balances and accumulate points. We will tell you about the latest offers on the market.Get your credit card education and make the most out of your plastic.

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.

Share Opinion:
del.icio.us   digg   Furl   YahooMyWeb   Propeller   Reddit   Google
[August 10, 2017]
When you realize your credit card number has been compromised and someone is out there spending money under your name, it’s one of the worst feelings there is. So Discover’s newest fraud-prevention program is good news for anyone who has experienced that sickening feeling of worrying that your c...
[July 20, 2017]
A new report has good news and bad news about savings in America. The good news is that the percentage of people without an emergency savings fund is at a six-year low, down to 24% from 28% last year. The bad news is that nearly a quarter of folks have no emergency savings at all. And while the perc...
[June 20, 2017]
Discover cardholders will be able to contact customer service more easily with the advent of in-app messaging, which allows customers to communicate with Discover customer service agents without having to stop and restart their interactions when they are logged into or out of their accounts on their...
* The CreditCardSpecialist.com webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. CreditCardSpecialist.com does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the CreditCardSpecialist.com website are property of their respective owners.
Disclaimer: This editorial content is not provided or commissioned by the credit card issuer. Opinions expressed here are the author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Reasonable efforts are made to present accurate info, however all info is presented without warranty. Consult a card's issuing bank for terms & conditions.
We do our best to maintain the information accurate at CreditCardSpecialist.com. However, all the credit cards information is subject to change and presented without warranty. See the up to date credit card terms and conditions on the secured credit card application page. Note that CreditCardSpecialist.com may be compensated by credit card issuers when visitors apply for a credit card through the links on this website.
CreditCardSpecialist.com, an independent, advertising-supported website, receives compensation from the companies whose offers appear on the site. This compensation impacts where and how credit products appear on our site, including, for example, the product listing order in which they may appear on separate pages. CreditCardSpecialist.com does not present or review all available credit or financial offers.
Disclosure: Not an access card.