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Does your bad credit rating affect your children if they live at the same address?

Carlton Burgess

in Student Loans

1 answer

1 answer

Jeremy Wood on June 8, 2019

no it does not affect your children's credit rating. credit score is based on how an individual uses credit, not on how other people use credit. what can possibly happen is cchildren can learn their parents bad habits of credit. if a consumer needs a co-signer (parent), then, if the parent has a bad credit rating, that will affect the loan

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