Cosigning with parents bad for credit?

Answers:1   |   LastUpdateAt:2012-09-17 04:32:05  

Question
Dori
Asked at 2012-09-12 10:49:08
Okay so if my parents have terrible credit ( which went bankrupt a few years ago ) and I have no credit .. will hurt my credit if we go into a car loan together? or if you share a car insurance plan ?
Answer1kaledAnswered at 2012-09-17 04:32:05
If you are employed and have $ 500 in a savings account , maybe you could turn it into a secured credit card in your name. Most banks should be able to create for you . Make sure they belong to the credit bureaus .
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