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
Asked in Credit and Debit Cards, Credit
Does wife credit card affect husband?
Asked in Personal Finance
How do bad credit home loans affect credit score?
Bad credit home loans don't directly affect a credit score. However, they can cause the interest rate to be higher and thus will make mortgage payments higher. This can increase the likelihood of missing payments in the event of not enough income to pay the mortgage and adversely affect a credit score that way.
Where can I go if I have a bad credit score?
Asked in Money Management
What is considered a bad credit score rating?
What credit score is perfect credit and what score is considered bad credit?
Should you get a joint car loan if one spouse has better credit?
It depends on how bad the credit of the other spouse is. If their credit isn't at least decent, getting a joint loan will be based upon the FICO scores of both parties. You won't get to choose the higher score in order to get a good rate. So, it would be best to get separate financing until the spouse with the poor score improves their credit.
Does your credit score affect your auto loan rate?
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
Asked in Credit and Debit Cards, Loans, Mortgages, Home Equity and Refinancing, Improving Your Credit Rating, Money Management, Credit
Will bad credit rating of your spouse affect your qualification for a mortgage?
Asked in Credit Reports
What if you don't have any credit do you still have a credit score?
When you get married does your credit reflect on your spouse?
To answer your question: No, the credit of one spouse will not effect the credit of the other in any way. The only time the credit of one spouse will effect that of the other is when both open a joint loan, or joint credit account, in which case those specific accounts will be reported to both of your credit histories. That's it! :o) Hope this answers your question. the last answer is correct. I would just like to add that as a stay at home mother with a husband with bad credit, I am severly affected. His bad credit is 6-10 years old, my credit is immaculate. We can not get a car or a house on credit, we have to pay cash for everything. we can not use my "perfect" credit because I do not work. We can not get approved jointly, and he can not get approved alone because of his horrible credit(even though he makes more than 100,000 a year). If you marry into bad credit it does not affect your score, but it may affect your life.