if i marry someone that has bad credit will it effect me?

Answer 1

Bad credit is one of the worst problems to have... however there exists a solution.

I will hereby talk from my personal experience.

I did debt consolidation a couple of years ago, however If I had to do it again I would pay attention to some minor details,
if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,

a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :

http://umgarticles.atspace.com/debt-consolidation.htm

if it helps kindly remember me in your voting!.. cheers!

Answer 2

Yes - it will not directly lower your own credit score but it will affect your credit worthiness when you apply for financing for a house or auto loan, etc. You become one when you marry - his debt is your debt and it doesn't matter how much money one of you makes, it's credit that gets you through the world. I seriously would suggest you both go to credit counseling to repair his credit before you marry. Once you marry it will be that much harder to fix. Good luck.

Answer 3

It will effect future things. If any thing goes on either one of your credit in the future. When you file taxes together and either one of you owes something that can get garnished they can take both of your refunds. It doesn't help if they have bad credit and you try to get a house, car ect... But if yours is good it wont hold you back any. My husband didn't have the best and we worked on it. Nothing ever happened to me.

Answer 4

Yes! Certain debt can become your debt and hurt your credit. They can also come after you, or try to intimidated you to try to get your new wife to pay up. It is best to try to get your fiance to either start trying to pay off her as many debts as possible before you get married, or you can help her when you guys get married set up a one year budget to pay off one big item on your wife's credit, and maybe two small bills. Then have your wife submit a letter to the credit bureau about getting those items removed.

Answer 5

i'm shocked none of those professional's the following did not contact in this..... in case you get married, and they sue your new hubby, then they could garnish HIS wages and HIS monetary company expenses. in case you position money into his account they could easily get a number of it. Any sources in only HIS call would properly be seized. hence, in the adventure that your hubby is going to be the in trouble-free terms breadwinner, or in case you'll stay in his domicile, you'd be effected. that is not any longer a substantial issue as long as you're conscious of it and also you're taking needed precautions. keep separate monetary company expenses, placed the domicile and vehicle on your call. As suggested, your credit rankings do no longer merge in any respect till you initiate eliminating joint loans. What i advise you do is initiate out your new existence including your solid credit. which means attempt to get loans on your call. Then gradually initiate to help your hubby fix his credit through co-signing a mastercard or small personal loan. it is going to likely be many years, yet ultimately he will be in solid credit structure. the most important's to keep your expenses seperate for decades, and stay off your credit status. you'll do effective.

Answer 6

Your spouse's debts from before your marriage are not your legal responsibility. His bad credit will make it difficult for you to apply for joint loans or mortgages, but his past mistakes will not impact your credit score.

You may want to ask him to see a credit counselor. It might help improve his credit score, and it will encourage him to develop better financial habits.

Answer 7

Property and DEBT become joint when you get married. 50% property 50% of f their debt. If she doesn't work, then that debt becomes 100% YOURS.


The creditors will come AFTER you, your car and your assests to repay her outstanding bills, as now your assets are hers as well.

My boss had to pay a credit card from her EX-husband, and they have been divorced 3 years! She had to pay it so she wouldn't end up with bad credit.

My ex-husband married a trailer trash bimbo, and little that he knew, she owed $25000 in unpaid loans, had a repossed car, and 3 credit card thats she didn't bother to pay, not to mention that her utilities were cut off before because she didn't pay them and that if she paid were with bad checks.

He found out about this shortly after they got married (of course the white trash didn't feel it was necesary to inform him) . He applied for a loan (he had excellent credit) and they told him that he was being denied because his precious wifey had three collection agencies after her and now he was in danger to have his car repossed (yeas, I said HIS car) if he didn't assume finacial resposability for his dear wifey's unpaid bills.

I was laughing all day and till today I keep on getting a kick out of that!

Be careful

Good luck

Answer 8

Their past debts will not affect you. However, you need to wonder about what caused this person to have bad credit. If they had bad spending habits, and haven't changed them, you're going to end up with bad credit too.

My husband and I both had bad credit when we got married, but we've totally revamped our budgeting and spending habits. We're working together to raise our credit score and pay off past debts.

Answer 9

Yes it will because as their spouse his creditors CAN and WILL come after YOU for payment of his credit and YOU will wind up with bad credit.

Answer 10

yes and no yes if your like buying a house together or a car something like that where your applying together but if you are doing it alone it shouldn't but when you marry someone you take on there bills sucks I know