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QuasiMondo · 09-05-2007, 02:10 PM

There is no way of getting good credit fast.

Your payment history will not be mirrored on his credit score. Should you decide to add him to your account, the reporting agencies will start tracking payment histories for him from the first month he was added to the account. Past payments from you will not appear on his report, only future payments.

Nothing is ever 'pushed back'. The only things that can take a bad credit history off are time and a successful dispute of a delinquent account (debt collectors, creditors, etc. have 30 days from when you make a disputed claim to prove the account is yours and that it is in delinquency. Others have said it worked for them. I've tried it and it never worked for me). Bad accounts are never overshadowed. Should he apply for a loan/mortgage/credit card, everything is taken into account. His FICO score, the number of accounts he has, the credit limit of his cards and how much of it he needs to pay off, how many times he's applied for credit. None of it is overlooked. When I applied for my mortgage, the loan officer was grilling me about over a forgotten cell phone bill that I failed to pay off four years ago. None of it is overlooked.

If he has enough money to leave you a deposit, then he has enough money to open up a secure line of credit to establish his credit history.

On a side note, not that I'm paranoid or anything, but it's not that difficult for him to find out what account you placed him on. All he has to do is pull his own credit report and it'll be right there. Then he can call up the bank and request a replacement card and now he can go willy-nilly with your plastic. Not that he would, just that he could.

There is no way of getting good credit fast.

09-05-2007, 02:10 PM	#7 (permalink)
QuasiMondo Wise-ass Latino Location: Pretoria (Tshwane), RSA	There is no way of getting good credit fast. Your payment history will not be mirrored on his credit score. Should you decide to add him to your account, the reporting agencies will start tracking payment histories for him from the first month he was added to the account. Past payments from you will not appear on his report, only future payments. Nothing is ever 'pushed back'. The only things that can take a bad credit history off are time and a successful dispute of a delinquent account (debt collectors, creditors, etc. have 30 days from when you make a disputed claim to prove the account is yours and that it is in delinquency. Others have said it worked for them. I've tried it and it never worked for me). Bad accounts are never overshadowed. Should he apply for a loan/mortgage/credit card, everything is taken into account. His FICO score, the number of accounts he has, the credit limit of his cards and how much of it he needs to pay off, how many times he's applied for credit. None of it is overlooked. When I applied for my mortgage, the loan officer was grilling me about over a forgotten cell phone bill that I failed to pay off four years ago. None of it is overlooked. If he has enough money to leave you a deposit, then he has enough money to open up a secure line of credit to establish his credit history. On a side note, not that I'm paranoid or anything, but it's not that difficult for him to find out what account you placed him on. All he has to do is pull his own credit report and it'll be right there. Then he can call up the bank and request a replacement card and now he can go willy-nilly with your plastic. Not that he would, just that he could. There is no way of getting good credit fast. __________________ Cameron originally envisioned the Terminator as a small, unremarkable man, giving it the ability to blend in more easily. As a result, his first choice for the part was Lance Henriksen. O. J. Simpson was on the shortlist but Cameron did not think that such a nice guy could be a ruthless killer. -From the Collector's Edition DVD of The Terminator Last edited by QuasiMondo; 09-05-2007 at 02:40 PM..