answersLogoWhite

0


Best Answer

As far as your credit goes, only if you apply for credit jointly with your spouse. In that case the lender will take that co-payment into account for your debt ratios. If you apply on your own there should be no effect. However, it is possible that should the primary on the debt your spouse co-signed for default on the loan, the debtor can harm your financial situation by coming after your spouse. Very rarely is one spouse sued or persued financially without having it affect the whole household in collateral ways. If you have joint bank accounts subject to judgments or your spouse dies and they come after the estate, there is the possibility of this significantly affecting you.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: If my spouse is a co-borrower for someone will it affect me?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

If your spouse co-signs for someone will it affect your credit too?

No, your credit rating is separate from your spouse. If he or she cosigns it will only effect his or her credit rating.


What is a coborrower's liability on a Mortgage?

The liability is 100%. Both are 100% responsible for payment.


If you are about to get married and you are filing Chapter 7 bankruptcy will this bankruptcy affect your spouse in any way after the marriage?

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.


Can bounced cheques in Dubai affect Canadian pr application for spouse?

Depends on whether the spouse was convicted.


If you have bad credit will it affect the credit score of your spouse?

Your credit standing alone won't affect your spouse's credit. The only way your spouse's credit would be affected along with yours is if you jointly hold accounts and then fail to pay them.


Do men cheat with women similar to spouse?

Usually not. It's usually with someone who is not like his spouse.


Can a spouse sue you for adultery if they are with someone themselves?

no


Are internet affairs for married people a considered cheating on their spouse?

As someone with personal experience on the subject, my answer is definitely yes. There is a mounting degree of emotional involvement that occurs between two people on the Internet, and over time it can drastically affect your relationship with your spouse. ANSWER: Yes it is but we call it cheating from the heart. Unless your spouse is only talking through Internet without personal contact with that person its going to that direction of being involve. emotional connection with someone and not your partner or spouse is a bad sign of affair. You need to let your spouse know that you knew and you want him or her to stop..


Will bad credit rating of your spouse affect your qualification for a mortgage?

Not if you don't use your spouse on the application as a co applicant or "additional income". If you don't need their income, then leave them off and no, it should not affect.


Can a soon to be ex spouse get a no contact order preventing you from dating or living with your girlfriend?

No. A spouse or ex spouse cannot get an order to prevent you from seeing someone else. They could get a no contact order to keep you away from them but not someone else.


How does filing for personal bankruptcy affect a former spouse's credit rating?

The only way it could possibly affect the former spouse's credit is if you are including debt in your BK that the spouse may be jointly obligated on; regardless of who was responsible for that debt in the divorce decree. It the spouse was not a co-signer on any of the debts you file BK on, then they won't be affected.


What do you call someone who always disagrees?

A contrarian.