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wife as co-signer

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rigirl Guest 0.10 Dollars($)	Posted: Thu Jun 08, 2006 4:19 pm    Post subject: wife as co-signer My wife is a co-signor with me on the loan? Does it affect her credit rating if I file bankruptcy? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
Angel Guest 0.10 Dollars($)	Posted: Thu Jun 08, 2006 4:31 pm    Post subject: In case of joint debts, if one spouse files bankruptcy that definitely affects the credit rating of the other spouse.
Rhonda Guest 0.10 Dollars($)	Posted: Thu Jun 08, 2006 4:49 pm    Post subject: Hi Rigirl, It will hurt her credit rating. My husband had co-signed on a loan with me. When I filed chapter13 we found that it shows up in his credit report too.
jameshogg Joined: 20 Dec 2005 Posts: 1514 Location: nevada 210.98 Dollars($)	Posted: Thu Jun 08, 2006 5:14 pm    Post subject: Hi, As a co-signer your wife has guaranteed the repayment of the loan. So, when you default on the loan or file a bankruptcy the same negative repayments are reported to the credit reporting agencies against both the spouses. Hope that helps. James

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