Credit Bureau - US Credit Report & Debt Records

Joshua Gray75 said:I’m bringing this topic back up, but I really need some quick advice here...
The situation is that someone from Microsoft is asking me to co-sign a loan for them—monthly payments would be roughly $667—while my own mortgage payment sits right around $667. My take-home pay is about $1933, and quite frankly, I want to be absolutely certain that I CANNOT act as a guarantor; I have zero intention of getting dragged into a financial mess like this...

I hope I’m reading this correctly and that it's actually impossible for me to qualify as a co-signer, though I realize her bank could easily run a credit check on me if I were to provide my Social Security number (which she already asked for🙄, though I haven't handed anything over yet until I'm positive about my own credit standing...)

Anyone have thoughts?

A different bank shouldn't be able to pull your private data just by having your SSN—I mean, I know the SSNs of several family members 🤷—they need your signed consent to access those records.
Regarding creditworthiness: it's unlikely a bank would accept you as a guarantor based solely on your credit score, but sometimes banks use "declarative" guarantors—meaning they aren't necessarily creditworthy themselves, but they represent another living person who could be held liable, increasing the chances of collection—or perhaps there are multiple guarantors whose combined credit capacity covers the loan.
In short, your lack of credit capacity doesn't automatically guarantee the bank won't decide to include you in the loan agreement anyway. So, my advice: if you don't want to do it, say it clearly and loudly—or make up some excuse about applying for a new car loan that would disqualify you if you co-sign.
Whatever you do, don't sign the loan application as a guarantor or authorize that credit check. 😉

I'm not sure if I should be saying this out loud—it feels a bit strange to bring up here—but I’ve been thinking about everything lately... it just stays on my mind more than it used to. It’s hard to find a sense of balance when everything seems to be shifting at once, isn't it? I try to stay grounded, really I do, but sometimes the noise of it all just gets a little too loud... anyway, I guess I'm just processing things as they come. stormyraven14 says:
I'm bringing this topic back up, but I really need a quick answer on this one...
So, here’s the situation—someone from Microsoft is asking me to co-sign a loan for them. We're talking about monthly payments that would be around... $667My mortgage payment is sitting right around that same amount too... $667My pay is around... $1933...and of course, I just want to be certain that she... I just can't... I'm not planning on being a guarantor—mostly because I have absolutely no desire to get tangled up in something like that...

I hope I’m reading this right—and that I haven't totally misjudged the situation—but I really don't think I can act as her guarantor. I mean, if I were to give her my Social Security number, which she was actually asking for... her bank could easily run a credit check on me... so it just feels like too much of a risk...🙄 But honestly, I'm not making any moves just yet—not until I can be absolutely certain about my credit score and everything else...

Is anyone around?

Just say no—plain and simple. Tell them you aren't handing over your Social Security number... because honestly, you never really know when you might need to protect your credit score down the road...
You don't owe anyone an apology—honestly, someone demanding that from you probably can't even be certain about their own job security right now, much less yours. With wages dropping every single day and layoffs becoming all too common... well, if I'm reading this right, the person asking you to justify yourself is just being incredibly rude and, frankly, exhausting...
If they're really that reliable, I bet they've got at least five more backups just sitting in the warehouse...

stormyraven14 said:

I'm not sure if I should be saying this out loud—it feels a bit strange to bring up here—but I’ve been thinking about everything lately... it just stays on my mind more than it used to. It’s hard to find a sense of balance when everything seems to be shifting at once, isn't it? I try to stay grounded, really I do, but sometimes the noise of it all just gets a little too loud... anyway, I guess I'm just processing things as they come. stormyraven14 says:
I'm bringing this topic back up, but I really need a quick answer on this one...
So, here’s the situation—someone from Microsoft is asking me to co-sign a loan for them. We're talking about monthly payments that would be around... $667My mortgage payment is sitting right around that same amount too... $667My pay is around... $1933...and of course, I just want to be certain that she... I just can't... I'm not planning on being a guarantor—mostly because I have absolutely no desire to get tangled up in something like that...

I hope I’m reading this right—and that I haven't totally misjudged the situation—but I really don't think I can act as her guarantor. I mean, if I were to give her my Social Security number, which she was actually asking for... her bank could easily run a credit check on me... so it just feels like too much of a risk...🙄 But honestly, I'm not making any moves just yet—not until I can be absolutely certain about my credit score and everything else...

Is anyone around?

Just say no—plain and simple. Tell them you aren't handing over your Social Security number... because honestly, you never really know when you might need to protect your credit score down the road...
You don't owe anyone an apology—honestly, someone demanding that from you probably can't even be certain about their own job security right now, much less yours. With wages dropping every single day and layoffs becoming all too common... well, if I'm reading this right, the person asking you to justify yourself is just being incredibly rude and, frankly, exhausting...
If they're really that reliable, I bet they've got at least five more backups just sitting in the warehouse...

That is essentially the exact approach I took... ☕
I simply told them I wasn't looking to take on any more consumer debt right now.

Does anyone know how long a late payment on an American Express or Diners Club card stays on my record with the Federal Reserve (for example, if two accounts get merged)? Also, does that history weigh heavily against me if I try to apply for a different type of credit card from another issuer or a different bank?

Neither Diners Club nor American Express showed up on the Social Security Administration reports.

rapidskipper12 said:Neither Diners Club nor American Express showed up on the Social Security Administration reports.

They are definitely reported. I’ve verified it myself, which is why I am asking. I just have no idea how long they hold onto those records regarding late payments or if anyone actually cares about them.

Last time I ran an HROK check was four months ago. I don't even have a Diners Club card on my profile, and I've been using this credit line for four years now with an active revolving balance.

Besides, their own website explicitly states they don't share that kind of data...

American Express offers them, at least regarding revolving credit, because back when I was inquiring about card options at my bank, they specifically asked if I had one. Of course, that was before I started falling behind on my payments.

Thanks for the link. I wasn't aware of those specific details. It seems clear that American Express isn't handing over the data, but if that's the case, I have to wonder how the bank managed to see it in the first place.

If you're dealing with Bank of America, they already see everything related to them without needing the HROK.

No, this is about Zabiti. It’s entirely possible the data suggesting American Express and Diners Club aren't reporting to the HROK is simply inaccurate or outdated. I should probably just reach out to HROK directly and settle this.

Here is the clarification from HROK regarding American Express:

First off, we need to clarify how all the data sitting in the Registry
is submitted by our users—banks, savings and loan associations, credit card companies,
leasing firms, and other financial institutions. In this specific instance,
we are clearly looking at a consumer loan approved by Bank of America
(acting as the creditor here), facilitated through a revolving credit card
issued via a Bank of America card, which serves as the credit intermediary.
Ultimately, since this is a monetary obligation approved (and funded)
by Bank of America, that debt must be reported by Bank of America to the HROK Registry.

So, American Express consumer loans and revolving lines show up in HROK. I assume the same goes for Diners Club, since in those cases, JPMorgan Chase acts as the creditor.

Like I said before, it’s not because I have an active revolving line or a personal loan through Diners Club, and I checked my HROK report just four months ago.

Even though JPMorgan Chase bought out Diners Club, they only merged their online platforms—that's about it. 🙂

I need some quick advice on a specific topic.
Is it actually possible to get a creditworthiness certificate from the HROK if I already have two smaller loans active?
My monthly income is roughly $1333. Everything is totally current—all my bills and existing loans are paid up on time. No defaults, no drama, nothing.
I’m looking to pick up a small personal loan of up to $6667. We're planning a trip to the coast this August and could really use the extra cash. I don't want to close my account at my current bank or go through the hassle of moving everything around. Thanks in advance for any insight.

I need a quick gut check on this topic.
Is it actually possible to get a creditworthiness certification from the HROK if I’m currently carrying two smaller loans?
My monthly take-home pay is roughly $1333. My record is spotless—every single bill and loan payment is right on schedule. No delinquencies, no nothing.
I’m looking to secure a small personal loan of up to $6667. We’re planning a big summer trip in August and could really use the extra cushion. I have no intention of closing my current account at my bank or jumping through hoops to move everything around. Thanks in advance for the help.

As far as I can tell, the HROK doesn't actually assess anyone's creditworthiness!

Exactly. The HROK Registry just reports what people currently owe; it’s up to the Bank of America to actually decide if you're creditworthy or not.

Hi, I’m looking into getting a loan for my kids. The bank mentioned they’ll be running a check through the HROK Registry. To be clear, I don't have any defaults or outstanding debts, but I need to know if my Diners Club card shows up in that HROK report. I don't use JPMorgan Chase; I use a different card for my shopping, which sends me monthly statements based on last month's spending. Right now, I have an outstanding balance of $1000 that needs to be settled. Does this show up in the HROK as a negative mark on my account? Also, will using this card consistently over the last three years cause them to deny the loan?

Nah, Diners Club isn't even in the HROK Registry.

I have this small loan that gets settled via an automatic payroll deduction, but my employer recently pushed back payday from the 5th to the 20th of the month. I checked in with my bank about it, and they assured me I’m not considered a delinquent borrower since everything clears within that tiny window of difference. I also tend to dip into my overdraft occasionally—nothing major, just a little bit here and there.
Now, I’m in the middle of submitting paperwork for a more substantial loan at a different bank. Everything is in order, the documents are submitted, and they’ll be running my credit report through the FBI and similar agencies soon.
I’m wondering if that FBI report is going to flag me because of this shifted payday. Will they view me as someone who struggles to pay their bills? And how much weight do they actually put on using a small overdraft?