For instance, if your hubby had bad credit and you had terrific credit, would his bad credit now become yours as well? Would the creditors come after the both of you?
2006-10-26 07:59:50 · 18 answers · asked by LibraT 4 in Family & Relationships ➔ Marriage & Divorce
Yes
2006-10-26 08:01:31 · answer #1 · answered by jb 4 · 0⤊ 0⤋
Does it matter if the creditors come after both of you? or just one? Legally speaking you shouldnt be responsible, but when you take into account you now share the responsibility of the household bills, and lifetime investments, it's best to just take care of the debt together and get it done. The only other option is to pay for everything seperately and that just sounds strange, because at some point you will need to be sharing the responsiblity. Also, if you aquire joint debt (say a house or a car) and he cant pay the old debt alone, then the joint debt suffers, it's not your problem. Just help him pay off the debt and move on.
2006-10-26 08:34:44 · answer #2 · answered by rdnkchic2003 4 · 2⤊ 0⤋
YES. he new spouse with the BAD credit will destroy your good credit rating! Plus if you KNOW the other person has a credit problem dont marry them!!!! They will just continue the problem in the marriage and then max out your credit cards too.
If you already got married get a divorce or at least DO NOT get joint bank accounts or credit cards until he/she has cleaned up their own problem. Do not pay their bills. They need to pay their own way out of it. It is like a drug habit. The druggy needs to hit rock bottom and build themselves back up in order for them to never use drugs again, because they will remember the struggle of having to get back up to good standing. Same with credit. He/she needs to EARN good credit back themselves. Otherwise they will just continue the cycle NO MATTER WHAT THEY SAY TO YOU.
2006-10-26 08:40:56 · answer #3 · answered by Educated 7 · 0⤊ 1⤋
It will NOT affect your credit score. The only thing it will effect is if you are trying to purchase something with both names on it, both individuals credit will be taken into account. You will NOT be responsible for debt he incurred prior to your marriage. However, if you are combining your lives it would probably be a good idea to attack whomever's debt together and have a plan of action.
2006-10-26 08:07:53 · answer #4 · answered by Nunya 5 · 1⤊ 0⤋
No...you maintain seperate credit unless you apply for credit together....my wife has bad credit due to her ex....mine is very good, when applying for credit it's done in my name only for now while she works to repair hers.......even in divorce, any debts he had coming in are his, but any debt he takes on after the marriage is shared by both of you.
2006-10-26 08:11:16 · answer #5 · answered by Anonymous · 1⤊ 0⤋
Once you're married, his bad credit combines with yours and if you have good credit, its shot too!! I went thru that, had awesome credit...Married, and inherited hubbys bad credit and it made mine bad too....You just have to either pay the creditors off or file bankruptcy, if its really bad....Wish I had better news...GL;)
2006-10-26 08:04:10 · answer #6 · answered by hotmama1 4 · 0⤊ 0⤋
In some cases yes, in some cases no...
Not for those cards he took out before your marriage
and where you are not signed up on the card and do not
use the card...
The credit card company will try to make you believe
you are responsible but don't believe them...
They lie....
2006-10-26 08:03:52 · answer #7 · answered by Anonymous · 0⤊ 0⤋
they wont be after you because its under his name. but you do have to deal with the bad credit and debt. cuz you married him through the good and bad, so you might have to help him pay it off!
2006-10-26 08:03:47 · answer #8 · answered by booyah-baby 2 · 0⤊ 0⤋
Yep.....that's part of it.....hate to say it.......I know a couple who was in the same boat...she had next to perfect credit and her man had terrible credit....they tried to buy a house together and were turned down........
2006-10-26 08:01:45 · answer #9 · answered by honey_bear_21_1999 4 · 0⤊ 0⤋
I hear yes, but I wonder if there is some document perhaps pre/post nup you can sign to sever debts and what nots.
2006-10-26 08:03:31 · answer #10 · answered by Lotus Phoenix 6 · 0⤊ 0⤋