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If mortgage note is in the name of a deceased spouse but your name is on the deed will your credit be affected if you chose to walk away from the home?
Wiki User
∙ 8y ago
If you are only on the title, then your credit will not be affected.
Wiki User
∙ 8y ago
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Who's credit is affected if the deceased person's mortgage is not paid off and the spouse was not a co-borrower?
Only the decedent's credit record will be affected if they were the only person who signed the mortgage. However, if the mortgage isn't paid the lender will take possession of the property by foreclosure.
Will your spouse's credit score be affected if your individually owned property is foreclosed spouse's name is not on the deed?
Your spouse's credit score should not be affected if he/she is not on the deed or on the mortgage that was foreclosed.
Can your spouse assume your deceased parent's mortgage?
If your spouse has a good credit record that lender should approve. However, you will need to discuss it with the lender.
Will the surviving spouse's credit rating be affected by the repossession of the deceased spouse's car?
AnswerIf the surviving spouse was not a joint borrower on the vehicle loan the repossession affect/appear on their credit report.
How will refinancing rates be affected if a spouse with a low credit score is added to the policy?
Let me answer the question this way: the addition of somebody with low credit can't help a mortgage application, and may kill it. A lot depends on the mortgage being applied for (all mortgages have, as a criteria for acceptance, a range of acceptable credit scores) and how low, in fact, the spouse's credit scores are. Talk it over with the professional handling your mortgage. If, for instance, you need to add the spouse for income reasons, you might be better off to get a different sort of mortgage. Good luck.
Would your spouse be responsible for your business credit card debt if you were to die if she is not an account holder?
Your estate is responsible for your debts. If the business is owned by the deceased, the business is responsible. A spouse is not responsible, but the amount they inherit will be affected by the debts.
Does your spouse's credit score matter when getting a mortgage?
If your spouse is going to be on the loan, then yes it does matter.
Can a spouse continue to use a credit card of deceased husband?
No. She must get a credit card in her own name since the guarantor on the account is deceased.
Is spouse always responsible for deceased debts if they are not on the credit card application?
no
Is a surviving spouse responsible in Oklahoma for Credit card debt of the deceased spouse if the living spouse never signed and document?
In Oklahoma, the deceased's estate is responsible. The spouse can be held as a beneficiary of the costs and by inheriting less from the estate.
In Oklahoma is a wife responsible for deceased spouse credit card bills?
Yup.
How do you add your spouse to your mortgage deed?
You will have to ask your banker. You can't always. The spouse's credit may not be good enough.
