Working in the collections industry I am jaded. I would say never sign for credit on a vehicle unless it's for your own car. If you get divorced you will be on that loan and also held responsible for the funds. If they can't find your spouse then your wages will be garnished. I have never financed with anyone including my husband. (except on our house which is a different story.)
none. how does putting your spouse in your debt help their score?
Do not put your name on anything he has that way your credit does not get mixed. As long as you keep things separate you should be fine. My suggestion is to get your spouse to a credit counseling service to see what they can do, but if it is over 7 years forget about it
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.
No, your credit rating is separate from your spouse. If he or she cosigns it will only effect his or her credit rating.
If a spouse has a credit card in their own name & the other spouse isn't listed on it, bad credit won't affect the second spouse. But, if you both apply for a loan or other credit - the credit bureau will check both parties credit reports.
Your spouse's credit score should not be affected if he/she is not on the deed or on the mortgage that was foreclosed.
none. how does putting your spouse in your debt help their score?
The spouse is not responsible and should not have this on her credit. But the estate of the deceased will still be responsible for the debt.
Do not put your name on anything he has that way your credit does not get mixed. As long as you keep things separate you should be fine. My suggestion is to get your spouse to a credit counseling service to see what they can do, but if it is over 7 years forget about it
None.
The desired qualities of a spouse will vary from person to person. Generally, one should look for a person who is honest, loving, kind, humorous, and intelligent.
If your spouse has a good credit record that lender should approve. However, you will need to discuss it with the lender.
100%
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.
That is decided by the LENDER.
No, your credit rating is separate from your spouse. If he or she cosigns it will only effect his or her credit rating.
If a spouse has a credit card in their own name & the other spouse isn't listed on it, bad credit won't affect the second spouse. But, if you both apply for a loan or other credit - the credit bureau will check both parties credit reports.