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Can an joint account affect a credit score?
yes it can, both parties are equally responsible for the account
How do you remove one joint account holder?
Speak with the bank rep or bank manager; and have them remove the person as a signer to the account and then you will have to resign a new signature account.
What should we do to close our deceased mother's account that's a joint account with my brother and I?
If the account is a joint account with your mother, you and your brother, the surviving joint owners can close the account and share the balance. When the account was opened the three of you should have signed signature cards and all names should be listed as account owners. One or both of you should be able to simply make a withdrawal of the balance and close the account.
Why do both parties need to be present to open a joint checking account?
When your name appears on a checking account as maker you are accepting liability for overdrafts made on that account which could impact your credit score. My thoughts are that it is an issue about liability. Also the bank wants to be certain that in the event that the account is overdrawn, they are able to collect against you by having your signature on the contract.
Can I add another person to my checking account?
Yes, a member can add anyone, age 18 or older, as a joint owner to his/her account. As long as the joint individual is eligible for a checking account through the credit union or bank. This person has total access to do transactions on only the specific account they are joint on.
How can credit card compaines prove there is a joint account?
A signature on the application.
Can your husband sign your check and deposit it into his account while you are separated?
No. In saying this I am assuming the account is not a joint account with him and he has forged your signature. If he has done this he has committed a crime and you should go to the police and tell the bank.
Can a person obtain a credit line on a joint account without the other persons signature?
Nope. And you shouldn't--it's unethical if not illegal.
If your husband is the primary card holder does that give you credit history in a joint account?
Yes, as long as your listed as a "Co-signer" on the account. Credit is not build if you are just an "Authorized User" if this was a credit card account. Lastly, this all assumes that whatever this joint-account is that it reports to credit.
How to remove the joint bank account without the permision of the partner who joint only Originally it's mine and I want to remove her to my joint No possible signature she's outside the country?
You will have to check with your Institution to find out their policies to remove someones name from a joint bank account without their authorization.With most banks, you will have to have their signature to remove them from the account.
What can you do when your ex spouse closes a joint credit card account reopens the account accrues a balance and then files bankruptcy leaving you with the debt?
x ratedIm not an attourney but if the account was closed(this means the cards are void)and the balance owed was $0 at the time of closing. The x would need your signature to reopen a joint. However in your card agreement you may want to read the fine print and see if the account might have just been dormant as per the card issuers policy and then later reinstated. if this isn't the case the x may have forged your info. YOU NEED A LAWYER!!!!
Is a financial association created on your credit report when two people apply for any type of joint financial account?
Yes, anytime you open a new credit account, even if it is a joint account, it is reported on your credit report either when it is opened or when it is unpaid.
If you are specified as an authorized user on a credit card account that is not a joint account can your credit score increase?
No, only the primary cardholder's credit score is affected.
Can an joint account affect a credit score?
yes it can, both parties are equally responsible for the account
Can you be on a joint checking account with bad credit?
You can be, although it will be undesirable to the person you're sharing the account with.
Is a joint applicant's credit affected by a car repossession?
If this relates to a joint account holder or cosigner, then yes the person's credit rating will be affected by a repossession. Yes, whoever's name the car is in will be affected by the car's repossession. Only if the car is somehow tied to the account. Only a bad payment history on that joint account can affect your credit.
You have bad credit and someone is helping you to bring your credit score up will doing a joint account with you make the person credit rating fall because i have bad credit?
No, the only thing that would affect their credit is the joint account, so just make all the payments on time.
