Bankruptcy And Credit Ratings
Joint Account with the Bank to the questions of parents?
I believe that the creation of a joint bank account with my parents for their support and possibly dependent on me doing. My parents have terrible credit ratings and can not afford a mortgage, they have taken (the edge of closure or bankruptcy) I, however, have a great credit history / rating. What kind of impact this will have on me, if we make a joint account?
Probably not a good idea. In fact, if they are on the verge of foreclosure and bankruptcy, are capable of judgments against him. In these cases, all assets in his name follows the seizure and are at risk. In fact, I encourage you to have as little as possible on their behalf. Under no If your finances link to yours.
Bankruptcy and Credit
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