TOP 3 Credit Repair Companies

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TOP 3 Credit Repair Companies


Does Co-Signing for a Loan Affect My Credit?

Many people are afraid to co-sign for a loan for friends or family members. Doing so can have an impact on your credit score. There are a few things you should be aware of before you co-sign for a loan for someone else. This can save you a lot of headaches and a lot of money later on.

First, co-signing for someone else's loan can affect your credit score. The number of open accounts you have will impact your score. If you open a lot of accounts in a short period of time, your credit score can plummet. If you have opened several accounts of your own recently, you should probably pass on co-signing for someone else.

If you do decide to act as a co-signer on someone else's loan, be aware that you are responsible for paying back the loan in the event the other person defaults on the debt. Never sign unless you are willing and able to repay the money in the event that the other person cannot or will not do so themselves.

If you have questions about your credit and how to improve, or just want to know more about credit related issues, we are here to help. We have provided a list of the top ranked credit repair companies working in the United States for you to browse and find the one best help you achieve your financial goals.

Recent Blog Posts

If you have landed on our site it probably means that you are looking for Learn More

Often we are asked “Can’t I just repair my credit myself”.  The answer for this Learn More

It is now February and this means you have probably received all of your W2 Learn More

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