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Can you marry someone and not have your bad credit affect their credit?
Wiki User
∙ 9y ago
Credit scores are individual and your marriage to someone with a lower credit score than yours will not affect your credit score. Credit scores are based on how much debt you owe versus how much credit you have available, how you make your monthly payments, etc. It has nothing to do with your spouse's credit.
That said, their poor credit may affect your ability, as a couple, to get the best rates on credit that you seek together, e.g. if you attempt to buy a house together. It wouldn't impact your personal credit, but it would impact the loan offer you receive.
Wiki User
∙ 9y ago
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Does someone living at an address with a bad credit history affect the credit rating of that address for anyone else living there?
No. Credit is tracked by the individual, not by an address.
What happens to your credit score if you marry someone with bad credit?
Nothing happens unless you merge accounts, add each other to previously individually held accounts or merge finances in a way where their poor financial decisions affect you down the road. The act of marriage itself does not affect your credit score. The name change will be reflected on your report the next time your new name is used to apply for credit, a job, or a lease.
Where can someone with bad credit get mortgages?
Someone with bad credit can apply for mortgages through the FHA program. These mortgages are backed up by the FHA and are a good choice for someone who has bad credit.
Does it effect your credit score when you get married to someone with bad credit?
No, you can get bad credit only if you have a joint (co-signed or authorized user) on the bad person credit card. Keep your accounts separate. If you want to buy a house a lender may require both credits and that is when it would affect you.
You have bad credit and someone is helping you to bring your credit score up will doing a joint account with you make the person credit rating fall because i have bad credit?
No, the only thing that would affect their credit is the joint account, so just make all the payments on time.
How is your credit affected if you marry someone with bad credit?
Badly
If you marry someone with bad credit does is mean you would also have bad credit as well?
Not necessarily. However, if you enter into a joint financial transaction such as a mortgage, it may have a negative impact.
Does someone living at an address with a bad credit history affect the credit rating of that address for anyone else living there?
No. Credit is tracked by the individual, not by an address.
What happens to your credit score if you marry someone with bad credit?
Nothing happens unless you merge accounts, add each other to previously individually held accounts or merge finances in a way where their poor financial decisions affect you down the road. The act of marriage itself does not affect your credit score. The name change will be reflected on your report the next time your new name is used to apply for credit, a job, or a lease.
Where can someone with bad credit get mortgages?
Someone with bad credit can apply for mortgages through the FHA program. These mortgages are backed up by the FHA and are a good choice for someone who has bad credit.
Does it effect your credit score when you get married to someone with bad credit?
No, you can get bad credit only if you have a joint (co-signed or authorized user) on the bad person credit card. Keep your accounts separate. If you want to buy a house a lender may require both credits and that is when it would affect you.
You have bad credit and someone is helping you to bring your credit score up will doing a joint account with you make the person credit rating fall because i have bad credit?
No, the only thing that would affect their credit is the joint account, so just make all the payments on time.
Will a cosigner's credit be affected if they cosign for someone who has a bad credit score because of a Chapter 7 bankruptcy?
The cosigner's credit will only be affected if the person that they cosign for defaults on the loan. The bankruptcy will not affect the cosigners credit.
Will it reflect on your credit if you have extremely good credit and you marry someone with bad credit?
No, but it may cause difficulty when applying for joint credit such as a mortgage. ___________________________________________________________________________________ You are a sole entity as long as you do not apply for monies together therfore you will NOT be penalized by your hubbies lack of credit. Y-THINK-Y
Will an employee's bad credit affect whether they can get a company credit card?
Yes.
Does your bad credit rating affect your children if they live at the same address?
no it does not affect your children's credit rating. credit score is based on how an individual uses credit, not on how other people uses credit. what possibly may happen is children may learn thier parent's bad credit habits. if a consumer needs a co-signer (parent) then if the parent has a bad credit rating that will affect the loan
Does bad credit affect us citizenship application?
no
