Legal Question in Credit and Debt Law in New York

Corporate credit card and sharing some elses credit

Hi I have two questions.

If someone else has excellent credit let's say your father and he list you as someone who can use one of his credit cards, does that automatically give you his credit rating based on that credit card or is it only for future purchases?

Can you recommend some good credit card companies for small businesses and how long does it usually take to be approved?

Thank You


Asked on 3/25/05, 12:13 am

1 Answer from Attorneys
Frank Loscalzo Law Office of Frank Loscalzo

Re: Corporate credit card and sharing some elses credit

In your example, the credit card, and the credit, will be just your fathers. All you have, is permission to use the card.

If you are trying to improve your credit by getting and using a credit card, have your father co-sign an application for a new card. Then your usage, and payment on the credit card will be positively reflected on your credit record.

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Answered on 3/25/05, 7:34 am


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