Debts or the defaulting of, does not carry over into a marriage. Therefore, the other spouse's credit rating will not be jeopardized. If real property is jointly purchased, the creditor may be able to get a judgment based on the debtor's share.
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.
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.
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
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
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.
Badly
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.
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.
Not necessarily. However, if you enter into a joint financial transaction such as a mortgage, it may have a negative impact.
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
No, but if there are arrears, it can affect your credit and joint assets. see link
No, you don't marry someone for their appearance's .You marry someone for what they they look inside and their feeling's. I would marry a nerd who is really smart and that uses classes. what is to marry someone that has feelings
no did not get married
Your personal credit will not be affected if your spouse files bankruptcy alone. Be careful though in future transactions if you apply jointly for credit later... it will show up there.
to marry someone older than you
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
NO ONE WOULD EVER MARRY SOMEONE LIKE YOU!!!!!!!!!!!!!!!!!!