I'm a full-time college student & I'm a joint account holder on my dad's credit card. He's going to file ch 7.
We have a zero balance on the card & therefore he's not required to list the card with his other debts.
But I know most creditors usually close down joint credit card accounts after a co-borrower files bk, especially when one or both borrowers have minimal income. In other words, he doesn't look very creditworthy right now & I'm a student.
They also say it looks very bad on your credit report to have an account that was closed by the creditor. This has me wondering if it'd be best for us to close down the account ourselves before the creditor does.
What would be worse to have on my credit report: An account I closed myself or an account that the creditor closed on me?