If the couple apply for any type of joint financing such as a home morgage it could create difficulties. Other than joint financial transactions the credit of the spouse who was not a party in the BK will not be affected
Both persons if it is applicable. In some cases a married couple will hold a joint mortgage but only the wage earner will have a credit score on record.
It will only affect the non-filing spouse if the couple apply for some type of joint credit, such as a home mortgage. It will not affect the new spouse's credit report/score.
This should not be a problem if you both are credit worthy. Joint accounts are held by family members, friends and so on.
Yes. If you are married and your spouse has bad credit, you inherit that bad credit and depending on the state, you can inherit half the debt if you divorce. * No, debts incurred before marriage do not affect a new spouse's credit report even in CP states. Problems could arise however, if the couple apply for a joint line of credit such as a mortgage.
Yes, anytime you open a new credit account, even if it is a joint account, it is reported on your credit report either when it is opened or when it is unpaid.
There is no such thing as a joint credit rating or joint credit score. Even when two people apply for credit together, their credit is pulled and scores are provided separately. These two separate reports can be merged into one single credit report, but look closely; you will still see separate scores on each bureau for them.
Yes, if both people apply for a joint loan, both credit reports will be used to determine the elgibility of the borrowers.
1.whos name is on the account or is it a joint credit card account 2.you have to prove who charged what on credit cards to sort out charges(lawyers will ask this)
No. Credit reports show individual and joint debts, but not as husband and wife. For example, a married couple hold a joint mortgage it will be on both of their credit reports, individual accounts including medical bills will only appear on the CR of the spouse who incurred the debt.
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
Yes. The only exception is if the married couple live in a state that allows joint marital accounts to be held as Tenancy By The Entirety (TBE).
A couple with a joint income of 150K are considered to be wealthy not rich. Paul
No, however the person's bankruptcy would be a contributing factor if the couple applied for joint credit such as a morgage.
YES. AS LONG AS YOUR CREDIT IS NOT HINDERING THE LOAN. THESE DAYS IT IS ALL ABOUT FICO SCORES. E
It will only become an issue if you apply for joint credit such as a mortgage, vehicle financing, and so forth.
Joint credit life insurance is money paid to you or your spouse if either of your are ever arrested on drug charges.
Yes, but only on the ones that your boyfriend is on (joint credit accounts only).
Yes, generally all joint financial agreements/contracts require that all applicants submit to a check of their credit history. In a few states the requirements for a married couple are somewhat different.
They can and will whether legal or illegal. Are you a billionair? you will loose. Laws do not apply to governement!...
If it is going to be a joint obligation, then they will check your credit status. If both incomes are not needed to qualify for the transaction, the husband could apply in his name only. Therefore only his credit rating would be used.
If you filled out any applications for credit and said you were married -or- if you have any joint credit with your spouse, it will be on your credit report.
No, the only thing that would affect their credit is the joint account, so just make all the payments on time.
It means that they have joint liability as a couple and also individual liability, so that each one can be charged separately.
Another person's credit information should never be on your reports UNLESS you were an authorized user, a joint owner, or in a community property state and the debt was incurred during the marriage. If none of these apply, dispute it with the credit bureaus.