My common-law husband and I are thinking about getting married and wondering if it will affect his credit. He has great credit, mine is poor (I defaulted on a credit card years ago, but have since paid it back a 9 mths ago). We live in NS Canada.
2007-03-02 23:43:45 · 6 answers · asked by Sexy_Bunny 4 in Family & Relationships ➔ Marriage & Divorce
No.
My wife has bad credit, mostly due to medical bills and little payment history. I have pretty good credit. All it meant was, that when we went to buy a house, we could only apply for the loan in my name. She is building her credit up now, and the only thing I have to do with it is that I help earn the household income! What is nice about it is that we know if there is going to be a large debt, say a medical bill, that was unexpected, we try to put it against her so that at least one of us has good credit. Thankfully, nothing like this has happened so her credit is improving each month.
2007-03-02 23:51:34 · answer #1 · answered by goofyguy47 3 · 1⤊ 0⤋
At least here in the US, your files are not combined, just because you marry.
However, if you jointly obtain credit, then both credit files are considered when applying for credit and the account history is recorded in both files.
So, one never really has a combined file, but when you jointly apply for credit both files are consulted.
Your spouse may be listed on your file, but that isn't a combining of credit files.
2007-03-03 01:12:08 · answer #2 · answered by camys_daddy 5 · 1⤊ 0⤋
No. His credit history stays his, and yours stays yours. At least that's how it is here in the States.
2007-03-03 02:14:42 · answer #3 · answered by ? 6 · 1⤊ 0⤋
no you have your own credit history and he got his
it will be combined if you two applied a combine-joint account on your bank and that is the only combined account you will have
2007-03-02 23:49:38 · answer #4 · answered by Anonymous · 1⤊ 0⤋
No it is not automatically combined. Each person is rated on their own.
2007-03-02 23:59:54 · answer #5 · answered by scpathfinder 4 · 1⤊ 1⤋
That shud be cause of worry for ur husband.
2007-03-03 00:20:26 · answer #6 · answered by Anonymous · 0⤊ 1⤋