A few days ago
Anonymous

Loans??? What do I do?

If I took out a loan under both me and my partners names would it effect my credit history?

He has a not so great history and mine is fine.

What would happen if a loan was declined?

Top 2 Answers
A few days ago
lfh1213

Favorite Answer

It will not affect your cred history individually, but the lesser of the two histories is considered in a joint situation.

If a loan is declined, you don’t get the loan. Your credit rating drops a few points; but it also drops a few points when it is checked, so avoid unnecessary queries.

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A few days ago
Anonymous
ill not affect your cred history. I found interesting information about your answer, college loans, scholarships, college grants & partime works here. http://all-student-loan-consolidation.blogspot.com/2007/07/college-loan-consolidation.html Good luck!
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