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Q: Will an additional card for a family member improve that member's credit score? ( No Answer,   2 Comments )
Question  
Subject: Will an additional card for a family member improve that member's credit score?
Category: Business and Money > Finance
Asked by: ucihj-ga
List Price: $2.00
Posted: 08 May 2006 23:52 PDT
Expires: 07 Jun 2006 23:52 PDT
Question ID: 726818
Say, a man has a good credit record but his wife has a bad record. The
man applies an additional credit card for his wife using his account
and pays balance in time. And when he applies it he needs to provide
his wife's SSN. After a certain period, will the wife's credit score
be improved?
Answer  
There is no answer at this time.

Comments  
Subject: Re: Will an additional card for a family member improve that member's credit score?
From: ubiquity-ga on 09 May 2006 11:09 PDT
 
If the wife has a credit card, which is in her name, and it is paid
off in timely fashion, over time it will improve her credit score.
Subject: Re: Will an additional card for a family member improve that member's credit sco
From: aj999-ga on 10 May 2006 12:40 PDT
 
No.  The person named on an additional card on an account is not
legally responsible for the account, so it will not help her credit
score.  Only the account-holder's credit score can be affected by the
existence and use of the credit card.

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