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Are There Advantages to Building Good Credit by getting with a Joint Credit Card

Are There Advantages to Building Good Credit by getting with a Joint Credit Card

Having a joint credit card can work both ways. Since the credit card account will appear on both holders' credit reports, the payment history affects both parties equally.  If the card is maintained properly, it can help improve credit. However, if one of the card holders abuses the card, racks up high dollar debt, or misses or is late on a payment, it will adversely affect both cardholder's credit rating.

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