I'm a Graphic Design student in California and have been behind on my payments since June '08. I was considering filing for Chapter 7, but since I graduate this June, I have recently decided to do whatever it takes to catch up with my credit card payments after I graduate.
After graduating I will be looking for a full-time design job, but I am also starting a freelance design agency with two other friends from school. We're all keeping our day jobs, this is just something to make some extra money. We aren't planning on taking out any loans anytime soon, we will just be using the equipment we already own.
So we are planning on opening up a joint bank account this weekend. The account is where payments from clients will be deposited and money withdrawn for expenses such as getting our business cards printed. My question is, when opening a joint account, will my bad credit affect the credit of the other people involved?
After graduating I will be looking for a full-time design job, but I am also starting a freelance design agency with two other friends from school. We're all keeping our day jobs, this is just something to make some extra money. We aren't planning on taking out any loans anytime soon, we will just be using the equipment we already own.
So we are planning on opening up a joint bank account this weekend. The account is where payments from clients will be deposited and money withdrawn for expenses such as getting our business cards printed. My question is, when opening a joint account, will my bad credit affect the credit of the other people involved?