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| *Ostroff, Fair and Company>>>Credit |
If I went over my credit card limit, will it hurt my mom's credit score? |
I was buying books for school on my credit card, and I went about $50 over my credit card limit (which is about $500). My mom says that going over my limit is going to hurt her credit score. Is this true? If your mom co-signed with you or her name is anyway related to the credit card account, her credit score is effected just as much as yours is. Yes, if she is connected to your credit card. It is not good to go over they charge penalties also. Only if she cosigned for the card... Since your limit is $500, I'm gong to assume it's your card. Sounds like your mom was trying to teach you a lesson in credit rating by giving you the ol' guilt routine. yes. you did hurt your moms credit.. shame on you.. =P If you're just an authorized user on her card, consistently going over the limit will damage her score. Going over once won't kill the score, but it won't be good for it. If the card is soley in your name, it won't affect her score - just yours. |
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