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.
If you're married than its easy... your spouse just gets a copy of their credit report and shows it to you. If your not married (divorced) than you cant - its illegal.
If the two of you are married, I believe you are responsible.
yes only if married at the time or unless if their credit cards no
Your credit follows you individually. If you have joint accounts then they appear on both of your credit reports.
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.
If you filled out any applications for credit and said you were married -or- if you have any joint credit with your spouse, it will be on your credit report.
If you're married than its easy... your spouse just gets a copy of their credit report and shows it to you. If your not married (divorced) than you cant - its illegal.
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 not your spouse is approved. Also, if your spouse does not pay that bill on time or skips a payment, your credit report will be impacted.
If the two of you are married, I believe you are responsible.
yes only if married at the time or unless if their credit cards no
If the debt was made when they were still married the answer is yes. STATED BY AUTHOR
Your credit follows you individually. If you have joint accounts then they appear on both of your credit reports.
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.
No. Credit obtained as an individual does not affect a future spouse.
Only if you are a party to the levy execution.
None.
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.