COSIGNING ON A CREDIT CARD
Bank of America, U.S. Bank, and Wells Fargo allow people to cosign on credit cards for those without strong credit. American Express, BarclayCard, Capital One, Chase, Citi, and Discover do not, which should give you some idea of what most issuers think of the practice. A credit card cosigner is on the hook for late payments or outstanding debt the credit card recipient racks up — and nearly 40 percent of cosigners told CreditCards.com they lost money on the deal; 28 percent had their credit damaged; and 26 percent said their relationship with the person they were signing for suffered.
Pages: Page 1, Page 2, Page 3, Page 4, Page 5, Page 6, Page 7, Page 8, Page 9, Page 10, Page 11, Page 12, Page 13, Page 14, Page 15, Page 16, Page 17, Page 18, Page 19, Page 20, Page 21, Page 22, Page 23, Page 24, Page 25, Page 26, Page 27, Page 28, Page 29, Page 30, Page 31, Page 32, Page 33
