Is it true that when you get married, your credit score merges with your spouse?

Question

I just wanted to make sure that it was indeed true.

Answer 1

No. Credit reporting agencies maintain a separate file on each person. BUT: when you apply for a loan, if you are both on the loan application they will look at both scores. You can apply for a loan in your name only, but then can only list your income, not your spouse's. Also it CAN make a difference on the application whose name you list first. We were able to get a slightly better interest rate by listing my name first when buying a vehicle.

Answer 2

This is not true at all. Your credit score is determined by the credit you have as an individual. Joint accounts contribute to your score (positively and negatively depending on the account status).

If you want to find out more about credit scoring I suggest that you visit Consumer Advocate Clark Howard's website. He explains credit scoring in easy to understand terms.

Answer 3

In certain cases yes. generally tho it doesn't help in certain cases as most credit is looking for black marks. creditors do not want to take chances if they can avoid it. if you apply for a loan together with someone else, while your low credit score may be offset by their higher score, not all creditors are willing to "average" it and give you the loan (though many will)

generally they're more willing to if you have low credit and are trying to start out than if you have no credit, a loan default or bankruptcy on record.

Answer 4

No! you will the two have the right same credit as you had until now getting married. as quickly as you get married there are issues that would desire to result your credit. a million) in case you get joint bills then the two considered one of you would be responsible. in case you get joint bills then you definately are the two the two responsible in spite of who has "agreed" to pay. 2) approved consumer shall we are saying you place him on an account as an approved consumer then he can use the account yet YOU and basically you (the commonplace consumer) would be responsible for the account. In concept he might desire to apply this account and leave you keeping the bag! My superb suggestion may well be to maintain your bills seperate and sidestep joint consumer or approved consumer bills. My ex spouse charged up stuff and left me putting on the approved consumer bills and on suited of that used fairly some our joint bills and then flaked out and left the state. Now the mastercard companies are coming after me! Unfortunantly the cc companies have each appropriate again after me because of the fact it incredibly is equivalent and because they have got here across that she is a flake! lol! sidestep the soreness and attempt and concentration on the marriage itself and sidestep getting too inter mingled on your credit! i comprehend this sounds very un romantic yet with the divorce value at over 50% it incredibly is superb to shelter your self particularly to that end whilst it incredibly is you who has the coolest credit. My good credit have been given hosed! do not enable this happen to you! lol!

Answer 5

No they don't "merge" or average out. If you both apply for a loan the lender will take the lower score.

Answer 6

it's not true at all. The only thing that will affect you would be joint accounts of any sort. If you don't have that, you will have separate credit score.

Answer 7

It does not. The only things which will be merged are any joint accounts or any accounts which has the one of you listed as a co-signer for the other one.

Answer 8

How could it? The credit bureaus don't know your married until you purchase something on credit together with both of your signatures.

Answer 9

It never has with us after 39 years.

Answer 10

You keep your own individual.