11-27-2005, 08:47 PM
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 Re: Joint loan account = credit builder??? In article <1132979437.285120.271940[at]g49g2000cwa.googlegroups.com> , dontdamnme_79[at]yahoo.com wrote: - quote - > I have a car loan that my father co-signed on for me. (of which i have
Yes and yes.> been making steady on-time payments for almost a year now) When I pull > up my credit report from the 3 major bureaus, it shows the account as a > joint account, with all the payments on time. My question is: I have 4 > years left on this loan... will this joint account help my improve my > FICO score with continuous on-time payments? Would it improve my FICO > even more if it were an individual account under my name only? - quote - > I haven't noticed much of a bump in my score and therefore, this begs
It has only been a year. That is enough for a pat on the back> the question. Any insight would be helpful and appreciated. and a few "nice jobs". Good credit takes years to build, and only minutes to destroy. Keep up the good work. -john- -- ================================================== ==================== John A. Weeks III 952-432-2708 john[at]johnweeks.com Newave Communications http://www.johnweeks.com ================================================== ==================== |
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#-1
11-26-2005, 08:59 AM
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| Joint loan account = credit builder??? I have a car loan that my father co-signed on for me. (of which i have been making steady on-time payments for almost a year now) When I pull up my credit report from the 3 major bureaus, it shows the account as a joint account, with all the payments on time. My question is: I have 4 years left on this loan... will this joint account help my improve my FICO score with continuous on-time payments? Would it improve my FICO even more if it were an individual account under my name only? I haven't noticed much of a bump in my score and therefore, this begs the question. Any insight would be helpful and appreciated. Thanks, Amp |
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| account, builder, credit, joint, loan |
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