We're working hard to rebuild after bankruptcy. I've had some success getting some baddies off our reports. However, my report has no good TL's at all. DH has 2 good TL's. One is a current auto loan with Bank One. Do you think it would be possible to add my name to it??
I doubt they would let you add to the loan. Even if they did, it would not be of much benifit as FICO bases its score mostly on revolving TL's. Plus there may be liabilty associated with the vehicle should payments be unable to be made. You don't want to spread the liability to another party. It just does not make good financial sense.
Re: Re: Adding DW to DH's auto loan I don't that would be possible since the loan is only 3 months old. Anybody have any suggestions on TL's easy to get. I've been declined by Target and Household. I guess I will have to do a secured credit card. Which secured is the best, that reports to all three CRA?
Re: Re: Adding DW to DH's auto loan First Premier Bank will approve a secured card regardless of your past credit history. If all items on your credit history were included into BK and nothing else shows past due then I recommend the following cards: American Pacific Bank (apbank.com) Orchard Bank (orchardbank.com) Both of the above cards wont rake you over the coals in fees associated with the cards.
Re: Re: Adding DW to DH's auto loan you can go to your local bank for a secured card as well. i know both usbank and wells fargo offer secured.
