If I marry someone with bad credit how will it affect mine?

Answer 1

Don't apply for joint........Overall, a joint account is a marital issue, not a credit one. Even divorce does not end your obligations although some people tend to think that they are not responsible for their ex’s bad credit behavior.
So marriage alone will not ruin a spouse’s credit score.
There is nothing that gets combined or added on when you get married unless you agree to it. And you always have the ability to say no or to refuse signing a contract for a joint account.

Read this:

http://www.nationalsummary.com/Articles
/Personal_Finance/personal_fin__marrying_bad_cr.htm

Answer 2

If you keep things separate, it will not affect yours at all. If you apply for any credit together, say a home or even an apartment, credit checks will be run on both of you. It does not necessarily mean denial but could mean higher interest rates and the apartment situation could require a double deposit or more. Your potential spouse needs to clean up his credit by beginning to pay bills on time. That is the only way to improve a credit score besides not using all of the credit you have already. These days, there is credit for everyone but the better the credit score, the better chances of landing better interest rates and approval. If it is really bad, you may have to weigh very carefully if you want to entangle your good credit with his bad credit.

Answer 3

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 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 4

The same way a bad apple affects a bushel, you can try keeping your names separate.

Answer 5

It wont unless the others persons bad financial choices rubs off onto you
dont let that person charge or open any accounts/loans in your name

Answer 6

IT WILL HAVE NOTHING TO DO WITH YOUR CREDIT.