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.
No. When you get married, your credit reports are the same as they were when you were single. The actions you take WHILE married, however, may influence your credit score. In States that are considered "Community Property" or "Marital Property" (there are nine in the US), the spouse must always be included on any new loans. Accordingly, if your spouse decides to apply for credit, your credit score will be a component of whether or…
When you get married and you have good credit and your spouse has bad credit does your spouse affect your credit at all?
If you trying to buy a house together, yes, his credit will be taken into consideration and you may have to pay a higher mortgage rate. If you are trying to buy anything together because you need to consider his salary you may have problems. But just cause you are married to him does't automatically affect your credit. But he could potentially harm your credit if he defaults on any loans while you are married…
If your spouse cosigns a loan for their child from a previous marriage will you have any personal obligation for the debt or will it affect your credit rating?
*The point is they are married and although it won't affect her credit rating if her husband is stuck with this loan it will reflect on both of them as far as possibly putting them into debt. If your spouse just cosigned then yes, they are responsible for that debt if their child decides not to pay. If the child does pay the payments then there should be no problem. Cosigning is never a good…
If your married is your spouse responsible for your medical bills if you don't pay when your name not on the bills?
I would contact the credit bureaus and file a fraud alert to each of spouse credit report. (IF you file fraud alert with experian or equifax etc, they will add the alerts to all 3 credit reports). The only thing you can't do is file a police report since your spouse is protected from being criminally charged since you are legally married to your spouse and you are required to monitor your identity if your…
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?
How can you get your name off the credit report if your ex let the joint credit card get charged off and the truck was repossessed?
The divorce is of no consequence. If your spouse and their ex opened joint accounts while they were married, they are jointly liable for those accounts and both credit reports will reflect the history. A divorce never supercedes any other contract. You mentioned that the accounts were "both in other spouses name". If that were true, the accounts would not be on your spouse's credit report in the first place.
When you divorce can you have your credit report reflect only half of the debt incurred on an account that was shared with your former spouse?
Don't have any joint accounts. Marriage does not give the legal right to a spouse to use the other spouse's name or information to obtain credit. Credit even for married couples is reported separately on credit reports unless it is jointly incurred. The exception is if the married couple reside in community property state. In a community property state all assets and all debts incurred during the marriage by either spouse is considered equally owned…
No, your credit works independently of each other. Most couples share bad credit because they share the liability for the credit accounts. Thus, when they fall behind on payments both their credit is affected. In the case where credit was obtained independently of each other, the bad credit will not carry over to the other upon marriage unless the spouse agrees to becomes a co-signer and agrees to become legally obligated for the debt.
It's better to refinance. A short sale will reflect negatively on your credit record. It's better to refinance. A short sale will reflect negatively on your credit record. It's better to refinance. A short sale will reflect negatively on your credit record. It's better to refinance. A short sale will reflect negatively on your credit record.
If you die in Tennessee with credit card debt in your name will your spouse be obligated to repay the debt?
Unless there was a prenumptual agreement, half if you decide to divorce. However the damage to the credit rating would be limited to the account holder(s) linked to the accounts. * In the US married couples only share credit history when it pertains to jointly held debts. If the married couple reside in a community property state both parties are responsible for any debts incurred during the marriage and both share equally in any assets…
If your spouse was legally married in another country when you married and then gets a divorce in the other country should you remarry in the US?
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.
Would your husbands income credit score debt be taken in consideration if you want to buy home on your own?
If you wanna buy a home and you are married by your spouse has a bad credit history and some debt issues and its also self employed can the other spouse get a loan on its own without the bank taking in consideration his income or credit issues? Can the wife get the loan only on her name and buy the property only on her name. State WI
No. In the United States you cannot force your spouse to remain married to you if they wish to dissolve the marriage. No. In the United States you cannot force your spouse to remain married to you if they wish to dissolve the marriage. No. In the United States you cannot force your spouse to remain married to you if they wish to dissolve the marriage. No. In the United States you cannot force your…