Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Report
Profile Image

Question By
FlipFlip44

0 Contributions
0 People Helped
Why does it say "joint" if I had a co-signer?
When I was younger, I had someone co-sign on a vehicle for me that was under $10,000. It was on a finance credit card.
The person was a co-signer. On my credit report, it says "Responsibility: Joint". Shouldn't it say co-signer?
I was the primary person and had a friend co-sign.
Or, does joint just mean I had a co-signer and we were both on the card?
He wasn't a co-owner; just a co-signer.

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
6242 Contributions
1321 People Helped

I agree with what you are saying, it should say cosigner, however they would be jointly responsible for the account, but the way it is worded doesn't really do you justice. I am not sure what to advise you here, the best advice would probably do nothing, because if you dispute the info or try to get it reworded, they may just delete the account from your credit reports and that would most likely cause damage to your credit. You never want positive accounts to disappear from your credit reports.

Top Contributor
398 Contributions
163 People Helped

Cosigner = someone willing to sign the loan papers so that if you fail to pay they are equally responsible.  In reality there is almost no difference between the two, just cosigner is the terminology used by most in the auto business and disignates a primary owner.  It sounds like you used some revolving credit card, so they would consider it a joint account, yet the car could be only in your name. You had to have his name to open the card, and since they do not do a cosigning like if you had gotten a normal car loan, this card can be used again and again and has no collateral so they will always go to a joint account, they could have also listed it as your friend as primary and you only an authorized user if your score was really low.

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.