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I have been in the business of buying and reselling cars but am moving my business partner handles most of the cars and parts repairs ect, i deal with finances,finding clients ect but now am moving so getting money to him will be quite hard as i will be an hour away this has been an unofficial business thus far just trowing our money together to make things work i trust him and i think a bank account with both our names on it would work only thing is he has really bad credit i have great credit and need to keep it that way (real estate investor) will opening a checking account with him effect my credit?

2 Thoughts on If i open a bank account with someone does their credit effect mines?
  1. Reply
    Ed Fox
    July 31, 2011 at 12:03 am

    Why don’t you both get a PayPal account and transfer money that way

  2. Reply
    July 31, 2011 at 12:28 am

    To answer your question, no opening a joint bank account has no effect what so ever on a persons credit.

    Only if for some reason the account was in collections and reported to the credit bureaus would there be any risk credit wise.

    Good luck.

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