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What else can I help you with?
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?
It will only affect the non-filing spouse if the couple apply for some type of joint credit, such as a home mortgage. It will not affect the new spouse's credit report/score.
Does your spouse's credit score matter when getting a mortgage?
If your spouse is going to be on the loan, then yes it does matter.
Will a spouse's bad credit affect your credit in a community property state?
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.
When you get married, does your credit combine with your spouse's credit?
When you get married, your credit does not automatically combine with your spouse's credit. Each person maintains their own credit history and score, but joint accounts or loans can impact both individuals' credit.
If you are married and your spouse has bad credit can you apply for a home mortgage on your own?
Sure, as long as your credit is good and you make enough/have enough assets to qualify for the mortgage. Again, the legalities that apply in one state, may not apply in another state. It will be wise to check it out first.
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?
It will only affect the non-filing spouse if the couple apply for some type of joint credit, such as a home mortgage. It will not affect the new spouse's credit report/score.
Does your spouse's credit score matter when getting a mortgage?
If your spouse is going to be on the loan, then yes it does matter.
Will your spouse's credit score be affected if your individually owned property is foreclosed spouse's name is not on the deed?
Your spouse's credit score should not be affected if he/she is not on the deed or on the mortgage that was foreclosed.
Will a spouse's bad credit affect your credit in a community property state?
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.
Will your medical bills be reported on your spouse's credit?
No. Credit reports show individual and joint debts, but not as husband and wife. For example, a married couple hold a joint mortgage it will be on both of their credit reports, individual accounts including medical bills will only appear on the CR of the spouse who incurred the debt.
How do you add your spouse to your mortgage deed?
You will have to ask your banker. You can't always. The spouse's credit may not be good enough.
When you get married, does your credit combine with your spouse's credit?
When you get married, your credit does not automatically combine with your spouse's credit. Each person maintains their own credit history and score, but joint accounts or loans can impact both individuals' credit.
If you are married and your spouse has bad credit can you apply for a home mortgage on your own?
Sure, as long as your credit is good and you make enough/have enough assets to qualify for the mortgage. Again, the legalities that apply in one state, may not apply in another state. It will be wise to check it out first.
When you get married, does your credit combine with your spouse's?
When you get married, your credit does not automatically combine with your spouse's. Each person maintains their own credit history and score, but joint accounts or loans can impact both individuals' credit.
Can you add the spouse's name to the mortgage paperwork?
You can add your spouse to the mortgage by refinancing in both of your names. Your spouse does have to be credit-worthy. Check with your original lender to see if it can be done simply without a full fee for refinancing.
Does your credit report show if your married?
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.
How will refinancing rates be affected if a spouse with a low credit score is added to the policy?
Let me answer the question this way: the addition of somebody with low credit can't help a mortgage application, and may kill it. A lot depends on the mortgage being applied for (all mortgages have, as a criteria for acceptance, a range of acceptable credit scores) and how low, in fact, the spouse's credit scores are. Talk it over with the professional handling your mortgage. If, for instance, you need to add the spouse for income reasons, you might be better off to get a different sort of mortgage. Good luck.
