Will Joint auto loan build credit the same as individual?

[the1adman]

Hi I filed and discharged ch 7 before my wife and I got married. Discharge was 12/20/10. I am working on rebuilding my credit. We are looking to purchase a vehicle. My question is if we get the auto load together showing joint account on my credit will that build it the same as if I get it on my own? Thanks...

[oregonpilot]

hi adman and welcome. I was discharged in dec also. My new hubby added me as authorized user on his Chase cc a couple months ago. It is being reported on my credit report as "A" authorized user and in great standing since 1988. So i guess only time will tell.

Pretty funny...when he handed me the card he said "now this is showing alot of faith in you, don't mess it up" It has a 20k limit on it with no balance.

[the1adman]

Thanks for the reply oregon, I dont mean a authorized user account I mean if my wife and I buy a car together will I build possitive credit in the same manner as if I purchase it on my own? Does a joint account show less responsibility credit wise or build fewer points on my credit than if it was my own account?

[oregonpilot]

My guess is that it would build the positive reporting for the both of you.
For a joint acct.
Notice.. i did say "guess".

[the1adman]

Thanks oregon. does anybody else have any information on joint vs single loans?

[debee]

Joint vs. single doesn't matter in terms of rebuilding your credit, except that if you go joint her good credit will probably get you a better interest rate.