Originally Posted by
hotpancakes
They are the co-signer on 1 out of 4 of my credit cards, but haven't ever paid the bills on that card; that's my responsibility (I believe it was required since I was much younger at the time). My question is that given BOA has a habit of closing all of one's accounts for MS-related activity (checking, investment, CC), if *my* accounts were closed, could BOA close my family member's (checking, investment, CC) accounts as well, given the connection as a co-signer of one of *my* credit cards?
If you are a co-signer on their account and you get banished from the bank, then it is highly likely that your other members who have you as a co-signer will also be affected by your closure, as I explained in my prior post.
They may not be banished as you are, but they would likely have their account closed and made to re-apply without your assistance in gaining them credit.
By this time, however, they may not need your credit assistance on their account anyway, but to your basic question....no doubt they will be impacted.
If they supplied you the means for obtaining a credit line, I suspect that they may be less impacted, especially if they can show that they had no control over your financial behavior. However, given that it is BOA, anything could happen. I would proceed by getting them off your account in full before diving into the risky business of MSing, or simply go to another bank for your MSing needs. (and that means CCs as well).