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Credit Tip- Joint Accounts

MSI Credit Solutions on March 07, 2013 17:20

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What is a joint Account?

Joint Accounts
Accounts owned by two or more people, are referred to as "Joint Accounts" on a credit report. It is important that joint account holders understand that their credit behavior will affect the other joint account holder. Late payments or accounts being turned over to collections will cause credit scores to decrease for both account holders.

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