Should I compensate a credit card that is to say contained by my ex's and my christen?
Question:
I was stuck paying adjectives bills after a devorce. I was thinking more or less not paying 1 card that was contained by both of our names. Is this a dutiful idea or what should I do. It is rough on me to income everything.
Answer:
Like what the person up in that said CANCEL the card
as for now if she doesn't income it off you really necessitate to pay if sour
because you cosigned it together and if she cant pay it you requirement to set up other wise if will affect your credit report/source A LOT (in a bleak way of course)!
If you own problems than talk to the creditor and try to put together plan on how you AND your ex can pay bad the debt.
Good Luck
yes you should pay it because even though it have her name you are still involved surrounded by it. its still your credit.
First of all, give the name that company and cancel the card. Tell them you own divorced and you need to close the reason to get BOTH your name off the card. Then if you close to the company, get a card beside them in singular your name.
If you don't rate on time, it will effect both your credits. Look at the divorce papers. Who do the papers influence is responsible for the debt? If you can only afford the minimum payments, after do what you can for now. But letting even 1 postponed payment creep onto your credit rack up can effect you more than you realize. If its legally your debt, she can also sue you for messing up her credit near a late compensation. For your own self-interest, retract the thing and hold the payments current.
If you don't pay it, it's going to interweave up on your credit report since it's in your moniker.
I'm assuming that she is no longer charging stuff on this card. If she still has a card and is still using it, after cancel the card so at smallest you aren't getting more added to the debt.
However, in the property settlement, if you be told to pay the credit card debt, after it's yours. If you don't pay it, you'll snake up with collection agencies after you and verbs your credit.
If there be anything that she was liable for contained by the divorce settlement, like a card that be hers, check your credit report. If it winds up showing up on your report because she isn't paying it, you can dispute the report and present as your proof that the judge ordered her to wages it. Likewise, on a joint story that you were ordered to pay envelope, if she gets a discouraging credit report because you didn't pay it, she can dispute it using the property settlement/divorce edict as her reason it should be removed.
Have a look at the lingo and conditions you signed
Normally both of you are responsible, jointly and separately, so the card company can sue the one they believe can pay most confidently.
If you do not think it is party, you have to progress to court and argue your case.
I am afraid here is nothing honourable in divorce. The foot that rocks the cradle, rules the world.
Velken is correct. Cancel the card and make the payments, it's the right entry to do.
You'll only hurt yourself if you don't. First, contact the company and call off that card! While you're there, find out if they can itemize the charges departed on the card. Probably not, but you can try. You are responsible for the bills of both parties until the settle says otherwise. That's lately the way it is.
If it is within both of your names it will show negatively on your credit as powerfully as hers.
what's credit evaluation?and is it past the worst??
Question:
there's an offer come by email named credit rack up every week!!
my question is how does it works and is it locked??thanx
Answer:
I wouldn't trust a company that randomly emailed you. AND, you don't have need of to check your score that repeatedly. What you can do though, if you would like to check your credit chalk up, is go to WWW.TRUECREDIT.COM and use their services. You can verbs 1 credit bureau by its self for free, I believe, or you can pull what's call a 'tri-merge' which is all 3 most important bureaus, Experian, Equifax, and Transunion, all contained by one... have to reimburse for that though.
If you want to pay a monthly charge you can check your score anytime you want beside services like this. But some credit card companies do that for you. I hold WAMU & CHASE and they both provide an average score anytime I want to check it and it's free in recent times for being a beneficiary. So I would check into that option if you enjoy a card. At least be paid sure you check your score and what is on your bureau once a year, you can do this at www.freeannualcreditreport.com... the gov't say you get one free one a year!
stay clear of those, if you are credit savy, and want to hold on to your eye on your credit, the best bet is to do a Hawk Alert, to alert you if any one has requested or taken out credit surrounded by your name. You are also competent to put down a consumer statement to avoid anyone trying to obtain lacking verifying undisputed information.
The only site to be exact free and safe is annualcreditreport.com the one and only thing they ever charge for is the chalk up, which is 7.95.
If you run your credit to often, (like the above mentioned) you can lower your credit mark for inquires.
dont open spam contained by your email, use a legit site, www.annualcreditreport.com you can get 3 free credit reports a year
NO..stay away from things you didn't ask for..NEVER grant your info
If it was an unsolicited email (you did not ask for information) stay away from it. Most identity theft are a result of "credit score" scams. If you do want to know you credit win, go to the credit bureau's trellis site and get it near.
This is one of the 3 major credit bureaus: www.equifax.com
If you acquire your credit report here, they can give you adjectives of them.
PS When you apply for a loan, this will be one of the bureaus that the company will use. The other outfits on the web newly pull the information from the core credit bureaus.
Maybe you can try below website to get the information. It's almost credit score articles for your second view
Should the number of credit available to american consumers be significantly reduced?
Question:
Answer:
Our government are twits.
Congress repealed ample portions of the usuary laws and in a minute credit companies can legally charge you up to 40% interest. Or complex, I am unable to find the exact limitations (and I don't think here are any). This took place the same time as the ruin reform conduct yourself.
No wonder people can't payment their bills. All utilities are up sky-high, gas is up, insurance is up, food is up. Add to that having to wage 2% of your minimum balance PLUS interest of up to 40% and it is no wonder relations are defaulting on their payments. DUH!
The credit card companies wanted the right to screw us, and they hold it. It is just deserts that they will wrap up up loosing money due to shoving people into ruin.
Idiots & fools.
No. As long as bills are being rewarded, why harm the suitable people?
Absolutely. The integral credit card availability fed right surrounded by to our American way of instant gratification. Many, frequent people own ruined credit, repossessed car sand lost homes because they get in over their head with credit cards.
While I agree that the credit industry have some faults, the blame falls on the consumer, individuals have to revise self control.
Has anyone ever used Lexington Law Firm?
Question:
I am trying to clean up me and my husband credit reports and I am thinking something like using Lexington Law firm to help. Has any one ever used them and if so, enjoy you had any results next to them?
Answer:
I'm currently a client of Lexington Law Firm, and I must say that it works. I started subsidise in August of later year and I had comparatively a bit of derogatory information on there, 6 months following, several items have be deleted from my reports and hold NOT come back. It does bring time. The cool part nearly it is that they offer different level of service based on your wishes. You pay$99 to start up, and then $39, $59, $79 monthly depending on what smooth of service you're needing Now society may have their beef beside them for whatever cause, all I can speak is from my experience which have been nought but pleasant.
Me and my Husband used them and YES they work wonders! I can say zilch but good things just about them. They always kept surrounded by contact with us as if they be right here in our city not only just Internet based.
I own used them and they got a BK and a bunch of behind the times collections off myreports.
it took something like 2 months but i had some results swift.
This link truly gets you a discount of the signup
http://www.ficoboost.com
I would recommend them- they are a statute firm- other places seem much smaller quantity legit
Before using them I would check out these programs. They use the same process as these programs and you can do it yourself for a great deal less. I use them and try to convey everyone about them. They enjoy saved my credit.I even bought a set for my daughter who file bankruptcy and she is doing really very well now and is still using them to draw from better credit. I have tried greatly of stuff on the web and not gotten my money worth next to these I have. Get them first. If you stil want to run throughLexington I think they enjoy a link the website to that you can click and jump to their site. But try your money here first. I would. I have not regretted getting them. the address is below
If I am checking into lower payments for my house, is my credit mark anyone artificial?
Question:
My husband says his credit ranking goes down within there are inquiries on his credit
Answer:
That can be true if you are have it pulled by mulitple banks.
Consider the benefit of reducing your rate on your mortgage loan and it does not hurt as bleak.
Yeah recent inquiries can lower your credit score contained by the short term because creditors see a borrower as potentially more risky if they are applying for unsullied credit. And by looking into refinancing, you are essentially applying for new credit.
But your mark shouldn't be affected much if the inquiries are contained by the same corral in a relatively short amount of time. e.g. If you are solely applying for credit with lenders it shouldn't enjoy a huge effect.
If you apply for a mortgage, two new credit cards, an auto loan adjectives at once, your score will be shaken.
Learn more at http://www.thetruthaboutcreditcards.com...
Learn more at http://www.thetruthaboutmortgage.com...
Yes, this is true. Multiple inquiries affect your credit chalk up. But not too adversly. I know that when you purchase a home you are allowed so many inquiries surrounded by an amount of time and they count them all as one. However, I am unsure if this rule applies to refinancing your home loan. I almost bet it does though. The with the sole purpose thing that will truly impact your ranking is looking a lot and after not getting anything done.
As long as you are applying for a mortgage ..it will not be effect your score after the first inquiry (all must be done in 14 days).
But if you are using a Mortgage Broker etc..they might pull a generic bureau, which will not indicate you are applying for a mortgage and will effect your gain
Are first premier wall credit cards letigmate?
Question:
Answer:
First Premier is in no method related to Barclay's.
FP is also a sub-sub prime lender loaded with nonrefundable fees.
You would be better sour taking the money that you would spend in fees and getting a secured card from your sandbank, credit union, Bank of America or even Orchard Bank and HSBC.
barclay premier cards are legit. This scheme the customer has a Barclays premier information which is only offered to customers next to a high income and high-ranking savings.
Yes, I own one. Other than the initial fees they will charge to the card to setup, it works the same channel as any other card. The good item is where other card companies will close your narrative if you get a bit at the back, First Premier will just put it "on hold" until your rear legs current and you automatically get use of your card again.
don't attain em' they are dangerous. i have one it 's taken them a year to erase it off my credit. i sent them they card subsidise but dont trust them if you have an reason at a bank give somebody a lift up their offers.and plus they charge you a once a year fee plus a 5.00 monthly duty
Yes I have one of their Centennial Visa cards to do from scratch my credit after being the object of identity theft nearly 11 years ago and they're a apt company, but once you feel that your credit is where on earth it should be cancel the depiction. The monthly payments are fair I rate $20 a month. I would check them out if you're looking to rebuild your credit and they will adopt you if your credit's not so great so you can begin to do from scratch your credit so you can get permitted by other companies. I got 3 further cards 3 through Bank of America. I am getting rid of the First Premier Card very soon to apply for a card through my edge.
First Premier is one of the worst credit cards that you can get. You will be charged $172 to win a $250 credit limit.
Check out the site below for information on these cards. They chronicle the cards you need to avoid and the cards you should consider. You will be surprised at how oodles are scams.
Also avoid Capital One. They do not report your credit bound which damages your credit
Good luck
hi
How to dispute credit?
Question:
I had credit pulled by a mortgage company and notice errors. I want to dispute but I don;t want a credit report from the companies (I mean, I already own one, why the overkill) do I HAVE to have one by them to dispute online?
If I want to dispute by post, do I have to use the form from Transunion since I do not enjoy a credit report by them. Also, what is the mailing address for Experian?
Answer:
You can write a blanket memorandum with your disputes. Include your label, soc. sec. #, date of birth, sign the letter and put the statement numbers you are disputing and why.
The credit bureaus will investigate and send you a communication back roughly speaking the status of their investigation. They will not remove accurate information even if you don't agree with it. Your valid beef is with the resourceful creditor, not the credit bureaus. You should be contacting the original creditors as very well as the credit bureaus.
No make a copy of what you hold, write a letter recounting them they are in error and to lift them off.
===========================
Experian is surrounded by TX, tommorow I will get it for you.
===============
Transunion have an online dispute form in pdf
the address though is:
Transunion Customer Solutions
P.O. Box 2000
Chester, PA 19022
Experian phone is:
Contact by phone: 888 397 3742
Equifax is:
Equifax Information Services LLC
P.O. Box 740256
Atlanta, GA 30374
you hold to dispute it on each credit report specifically wrong. All three agencies are NOT working together so you have to convey the info to all three. Do not expect miracles disputing it they find around to it at their own convience.
ask this kind of information to the credit company straight websites
Go to www.annualcreditreport.com and this is the easiest, cheapest (free) and fastest way to dispute everything!
1) Ask for credit reports from the bureaus.
2) Look out for any errors contained by it.
3) Prepare a Credit Dispute Log recording the details of problems and errors.
4) Contact telephonically the artistic debtors with whom you are have a dispute. Record the details of the call, especially the autograph of the person beside whom you spoke and a brief overview of the agreements.
5) Send the certified letter to the productive debtor.
6) Send letters to collectors, disputing the bill. Also, convey the proof of payment to the resourceful lender.
7) Fill out the dispute form available at the credit bureau.
8) Write a letter for respectively disagreed item separately and send it to the credit bureau by certified correspondence. Attach the proof to support your claim.
9) The bureau will provide you a reference number. Call up the bureau beside this reference number and find out the progress of the issue.
10) Maintain a Credit File containing detailed records of your shield.
how long is it earlier the debt is lost?
Question:
in 2001 my motor was reposesed i took it to leeds saloon auction under the instructeds of a.f.s , the vehicle was sold but here was a short dribble of about lb800 , since consequently i had nowhere to live ( i be homeless after me and my wife split ) until 3 years ago now i enjoy struggled to get my house and keep hold of it .this debt recovery agent have found me and telling me that i owe lb1,132.22 , i be led to belive that after so long( roughly speaking 5 years) the debt was rote bad and my name be black listed , can you share me how long is it before the debt is wrote past its sell-by date if they dont contact you,( its 7 years this year since the car be taken back) . thank you malcolm.
Answer:
Debt is never lost, they just disappear for a while but never gone unless you record bankruptcy, and this should be a end resort.
Before approving your loan, your lender contacts the credit bureaus to get your credit report. Bad credit report will severely restrict your credit. In some cases, you may not even procure the credit. So it is vital to draw from your credit report cleaned. To enable you to carry out that you have to alter your financial conduct
Does anyone know if i can purchase things and wages bills beside checks that start beside number 101?
Question:
I just open a new details with wellls fargo because they're convenient..not similar to my credit union which is far from my house because i moved..the checks that i own with my credit league starts in the 2000sso presently that i opened a strange account at a mound, i wonder if the starter checks are acceptable?
Answer:
Yes you may recompense bills and purchase things with checks near number 101. It is easier to pay your bills beside check 101 than it is to purchase items with check #101. Why, because the retail dept. know that the account is a spanking new account and may sound out you. Some banks very soon start your checks with any requested number. But be aware, if you ask for a different number to start, specifically a red flag for the bank hand and according to what you deposit, amount and if check was deposited, you may hold a hold placed on your account. Also ways customers are getting around explicitly, you can order your checks from heaps outside companies now, so you can direct them with any number you want. Hope this help you. Also, there is a company call Chex Systems, that the bank can call for and get information in the region of you. Each bank submits information just about closed accounts. If the bank get a bad report on you, they may not instigate your account. The guard employee is not permitted to grant you the reason you be turned down, but gives you the address and headset number of Chex Systems so you can find out the reason. Most associates already know the reason. Again, hope this help you.
Some places won't accept checks next to numbers under 500, but it doesn't surface often.
Yes, starter checks beside lower check numbers are ok. Paying creditors with out-of-sequence check numbers is not a problem. The major things to look for: is the routing number - the number identifying your sandbank - on the bottom edge of the checks accurate? You can phone your hill and ask. Also, is your correct checking account number printed on the bottom of respectively check? Do the check numbers on the top match the check numbers on the bottom? If you those three printed numbers on the bottom are correct, you're right to go.
Why not? The check numbers are a moment ago for you and the bank to maintain track of your transactions. Most of the time when you open a guard account they start your checks at 101 but you can ask them to start them at any number. So yes you can use a 101 check to wages bills an what not
Legally, the check no. has no significance at adjectives. It is just a text keeping aid. At one time it was adjectives for stores to refuse checks near low numbers because new accounts are more possible to be fraudulent than older accounts. This is not particularly common any more because abundant bank no longer start near no. 101 for new accounts. Starter checks (the ones that don't enjoy your name ans tale no. pre-printed) are often refuse for the same object. When paying bills it hardly ever matter. If the check bounces, you just don't go and get credit for the payment. Unlike a store, you didn't pace out with merchandise.
You can purchase things next to check numbers in the 100's but you can also bring up to date your bank what number you want your checks to start at. The better the number is suppose to signify length of time with your mound which is why some people prefer have a higher number on their checks.
Can you receive a better interest rate on a loan if you support your loan beside a 401K?
Question:
Example:
I want to take out a $9,000.00 loan.
If I rolled over $18,000.00 from my 401k to a sandbank or institution, would the bank loan me $9,000.00 at a competitive interest rate ? The lend institution can secure the $9,000.00 if I ever default.
Answer:
Can you borrow from your 401k? I just did. The interest rate is 9%, and you're paying yourself the interest.
I did it online, and get a check the next week. Payments come out of your paycheck.
No. But a obedient credit rating would. You are better off getting the loan from your 401k. Of course if you defaulting, it's the IRS that would get you...well brought-up.
No. Normal loan rate will still apply whether the loan is secured or not.
Try this site it has loan info, it's serve you hope .loans from worldwide banks
Can't do itFirst you can't roll over a 401k unless you quit your post. Second, you can't secure a private loan near a 401k or an IRA. They are non-assignable. They ask you about them, but it's silly of them to do so because they can't build you take a distribution if your loan go into default status.
And past this even enters into your headtaking a distribution from your 401k instead of financing your purchase will cost your retirement roughly $100,000 when you're ready to retire. It could imply the difference between retiring at 65 and retiring at 68. Hope your short term purchase is worth working 2 extra years.
Can your credit gain be superior by decreasing credit margins and will this effect adjectives credit edges?
Question:
I actively use 7 different cards because of the various rewards so, I do not call for the high credit cut back associated with them. I just this minute pulled my credit report and it noted that the high un-used credit cut back was pulling down my rack up. I would think that I could moderate my limits on the cards, but, I dont want to lead to future credit boundaries to be impacted by this.
Answer:
The fact is that 30% of your credit win is determined by your "use of credit". Use too much of it(over 50%) and it hurts your score. But not using it also hurts your gain. It's generally advise to keep usage to smaller quantity than 25-30%. But in your armour it seems that you enjoy way too much credit available, which could potentially put you contained by financial trouble should you use it extensively.
But before you catch ahead of yourself, I'd suggest verifying something. Maybe it's the particularly low use of your credit that's hurting your score and not the lofty limit of your cards. That's lately an educated guess, I know, but the point is that reducing the limits on your cards increases your debt usage. So if your debt is relatively glorious, your ratio automatically becomes difficult because your limit is immediately lower, which could potentially hurt your score.
As for adjectives limits, it's predictable that they will not be impacted should you decided to enjoy your limits lowered.
A detailed overview of the credit scoring system is available at http://financialbasics.blogspot.com/2006... . It will minister to you understand how the system works and hopefully support you make the right ruling
If your score is individual pulled down by limits that are too high-ranking or unused, it is likely a small drop contained by your score. It's better to enjoy that than the opposite. If you've get cards near their constrain, or a high percentage of overall used credit, your evaluation will be impacted more significantly.
I would recommend leaving things alone. If you hold an excess of cards and barely use them, it may be astute to close one of the seldom used cards. But it sounds like your credit is contained by good shape regardless, and this is probably the just bad item they could come up with.
Learn more at http://www.thetruthaboutcreditcards.com...
Having card balance close to the limit ...BAD ! This will bring down your chalk up. As far as your limits..they will not be impacted by this at adjectives.
If you've a moment ago be approved for a loan, how long should you loaf to apply for more credit?
Question:
I want to apply for a gas station card, as it can and likely will comfort establish more credit. My father co-signed an auto loan for me because my credit was fine, but it be "limited", so they didn't know if I'd be a risk or not.
Will my score drop more if I apply for one or two more credit applications this weekend? Two credit agencies hold done and inquiry this week already.
Answer:
I really would not be that worried about your chalk up for this. If you just get the loan your score probably already go down a bit because you got modern credit. It will bounce back pretty like greased lightning though as long as you keep current on the payments.
After you bring back this Gas card are you planning to get more credit after that? If not after you don't need to verbs how much it will drop because it won't matter.
Now near that said, I would still wait 60-90 days to apply for another card. This mode you will have some allowance history on the new loan and own a bit more positive history to possilby be approved for another card with better interest rates. The simple idea is to try and build it slowly, don't try to carry super credit right away, it takes some time to bring back good credit. However, it take only a couple of tardy payments to give you bleak credit.
Yes, chill out on the apps for a little. You get a car, so discharge for the gas!
30-60days or never because the fees and co pays as well as taxes and handling will devour your pockets threw.
Try looking on http://www.moneysavingexpert.com/cgi-bin... it is all give or take a few protecting your credit score and making sure you time applications correctly.
I believe gas cards are duly easy to acquire, but yes, every time someone does a "hard" pull of your credit chalk up, it drops temporarily.
I suggest reading this page; you should find it informative:
http://twentiesretirement.com/using-cred...
i think that the below website will serve you to find the right solution
What's the match on my card?
Question:
Answer:
It's your card, how should I know!
Bring it to the issuing bank and they'll know how to let you know.
Call the toll free number on the card and a record message will tell you what you spent, and what you own left contained by credit.
You can check it online( at the bank website) or beckon the 800 number on the back and they will report to you over the phone.
?
online is the fastest way
ring the number thats in the hindmost or go to the hill and they will tell you.
i don't want to be his co-signer anymore. how can i remove my term as a co-signer?
Question:
i am a co-singer for my bf new vehicle, but he just used me. i want to hold out my nam out of the contract. please help me if its possibel.
Answer:
If he could hold gotten the loan without your co-signing, he probably would hold, so we already know he's a bad credit risk.
You're stuck next to the loan. No lender is going to let you out of it.
However you may be capable of get the saloon from your bf. The loan will still be upside down but you may be able to get better some of the value.
You signed - Your within it for the long haul
You should know how to contact whoever holds the loan and have your baptize removed. Your boyfriend will probably need to any refinance or at the very smallest sign new paperwork. There could also be a problem beside the fact that if you have to co-sign his credit is either shot or non-existent.
Bottom rank, call the creditor and find out what you entail to do. And kudos for getting out from under this issue - it could be really monstrous if he stops making payments!
He needs to refi the loan within his name with the sole purpose.
If he can't do this, you are stuck.
DON'T COSIGN FOR ANYBODY EVER!
Contact the loan holder, ask them if they have any option. BUT most likely your bf will involve to refinance the car contained by his/her name one and only
If someone co-signed a loan for a motor, will I still be be capable of build my credit?
Question:
And will this in anyway affect my potential to establish credit by making my on the dot monthly payments?
My dad had to co-sign since I have limited credit. Will this benefit both our score?
Answer:
All the answeres above are correct. I have a bigger concern, and you call for to learn this presently. You and your father have already signed this loan. It is too postponed to ask this question. You should know the answers to all of your question BEFORE you sign the loan agreement. There is a huge number of people surrounded by the process of loosing their homes right now, adjectives because they didn't understand their loan agreement. You signed an agreement that you didn't read. The loan officer said "sign here", and you signed. Begin by educating yourself, acquire out your loan agreement (even though you can't change it) and read it. Ask or G00GLE every word or residence that you don't understand, if you come up with you understand but your not sure, look it up or ask. Any loan officer will answer a examine, just phone call and ask "what does APR mean" or G00GLE "APR".
In the future do not agree to anyone hurry you. If the deal is "singular good today", stroll away. Take the time to read the agreement, let the loan officer grumble, moan, touch his/her pencil, tell you it's standard, etc., you a short time ago keep reading. After you read and work out a few agreements, you will be able to do this drastically quickly because you know what should be contained by a contract.
Think about erudition to drive. You didn't go out to the saloon, jump contained by and drive like you do very soon. You backed up much more slowly, you didn't speed, you started braking style before the stop sign, etc.(and we usually irritate adjectives the seasoned drivers around us LOL) You needed all this extra time to revise. Why? because if you make a mistake you can ruin your time. Same is true with a desperate loan.
This applies to any document you have to sign, a lease, agreement of public sale, warranty, etc. Your signiture is your promise to do what is written in the document...GOOD LUCK
Yes, both of your credit score will be affected by your giving and/or non-payment of the loan...
yes, take home sure u pay your bill prompt, if not u hurt your dads credit
If you brand all your payments on the dot ...you can use it to build good credit. Just preserve your receipts to prove you made the payments and not your Dad...then when you stir to get credit the subsequent time...if there's any questionyou have the receipts to prove you made the payments. it is in truth a burden on your Dad's credit until you pay it rotten...because it increases the amount of bills he is potentially liable for.
Provided you make the payments prompt, yes, it will build your credit. Having two names on the loan scheme that you're both responsible, so if you fail to construct payments it would hurt both your scores.
Yes, by making your monthly payments on the dot it will benefit you greatly. After you have compensated on time for something like 6 mos. to a year you should be able to conceivably get a credit card.
If he signed as guarentor consequently he only get involved if you miss payments. If you make adjectives your payments on time that will relieve your credit.
Yes,
Since you are the buyer, it will benefit you more so, but it will also help your dads. That is, as long as you manufacture the payments on time.
Your loan and payments will affect both your score, good or impossible, depending on if you pay prompt.
If you make your regular payments, everything will be okay and it will be a plus to both your credit score. If you miss payments or have belated payments it will reflect on both your credit score. That means that if you mess up it affects your Dad's credit. Been nearby, done that, unfortunately.
yes but you enjoy to pay in good time. it helps to build credit next if you want to you can re- apply without your dad. so pay envelope on time