My wife filed for bankruptcy 2 years ago (before we were married). How will this effect my credit?
2006-07-10 07:11:02 · 7 answers · asked by wtf 2 in Business & Finance ➔ Personal Finance
Not much, you didnt file for bankruptcy.
it may affect any line of credit you two apply for jointly, but not for any line of credit you apply for individually. Your individual credit report will not change. Its actually common for one spouse to file bankruptcy but not the other.
At this point her credit is starting to recover, and the overall impact on both of you should be minimal.
2006-07-10 07:16:40 · answer #1 · answered by mand 5 · 1⤊ 0⤋
The way I understand it from my aunt who works in federal bankruptcy court, by marrying her it became yours. Even though it happened before you got married, it will still be on your credit because you are legally married.
2006-07-10 07:14:27 · answer #2 · answered by sarahanndl 2 · 0⤊ 0⤋
You aren't responsible for her bad debts prior to marriage unless you agree to pay it off, do things like get a loan together for the purpose of paying off her debt, things like that. It can and probably will, affect your credit as a couple if you choose to do things like apply for credit cards jointly or take out a loan jointly. You should seriously consider looking for ways to keep your credit separate from hers until her credit has improves.
2006-07-10 07:21:14 · answer #3 · answered by ccmonty 5 · 0⤊ 0⤋
my wife and i got married and then i filed bankrupt on all my debts and it never bothered my wife's credit.
2006-07-15 15:50:44 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Well don't get married for money, do it for love.
2006-07-10 07:14:11 · answer #5 · answered by John Luke 5 · 0⤊ 0⤋
If you have a joint bank account, you might be liable to pay off her dept.
2006-07-10 07:14:23 · answer #6 · answered by Linds 7 · 0⤊ 0⤋
Oops... 'Nuff said.
2006-07-10 07:14:11 · answer #7 · answered by wtfapricot 2 · 0⤊ 0⤋