Quote:
Originally Posted by graciegirl
Don't you have to have an income, buy something and pay it off on time to have a credit score?
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If mom pays a bond for her son Aldrugo, if the bond is over $1,000 it usually cost 10% of the bond. For example, if bail is set at $20,000, the premium would be $2,000. So depending on how you numerically analyze it you could say mom has increased her credit score. This is a line of credit. If Aldrugo goes to Mexico mow would be required to pay $20,000 and loose the $1,000. If she fails to pay the $20,000, that would hurt our Villages's credit score.
If you follow the on line newspaper you will see this is an everyday credit ratings enhancer.