can a potential spouses poor credit score have an effect on my "excellent" credit score when we are married?

Answer 1

NO. Just because you are married does not make your financially reponsible for her debts. Any debts she accumulated before your marriage is her problem and any debts she accumulates after your married is still her problem unless you have a joint account, bank account, property title or you co-sign.


Other than that your home free.

Good Luck

Answer 2

1. Do not open any joint accounts.
2. Demand that you both go to marriage counselor that deals with financial issues. Sorry but 90% of the time the bad credit spouse is planning to keep spending while the other pays all the bills, and eventually forces the good credit spouse to go into debt.
3. Require an open and simple system, just like if an accountant were managing your finances. You manage all the bills and the other person can not hide or have accounts "off book".
4. Do not try to manage after the fact or by exception. If the other person is not buying in then do not get married.
Good luck.

Answer 3

First, just being married does not necessarily cause one spouse's credit history or credit score to change. So long as all your accounts are separate from you spouse's, marriage will have no effect.

That said, then, Yes, there are 4 ways for one spouse's credit history or behavior to affect the other spouse's credit history.

1) The two spouses open a joint account, such as a credit card or loan, as signing parties. All the behavior in that account affects both spouses' credit history.

2) One spouse co-signs an application, stating that if the primary applicant spouse does not pay, the co-signor will pay. The primary applicant's behavior, good or bad, affects the co-signor's credit history. If the primary applicant defaults, the co-signor's behavior will then affect both.

3) One spouse makes the other an authorized user of a credit card or other revolving account. The behavior of the user or users of the account affects both spouses.

4) One spouse misuses the other spouse's good name or property. A classic example: one spouse owns a car outright. The other spouse borrows the car, gets a parking ticket, doesn't pay the ticket or even tell the car-owning spouse about the ticket. The parking ticket goes to collection. The car-owning spouse gets the credit history damage; nothing happens to the ticket-getting spouse in terms of credit history.

Please vote: Did this help?

Answer 4

no it would not, until eventually the two events are on the comparable account. if she is having hassle, they are the two using for credit collectively, or they are on the comparable bills that are being pronounced derogatory, it truly is the only way being married might effect the score, I even have seen 1000's of couples have been one score is over seven hundred and the different under 500, if the better score has the earnings the loan, etc. may be accomplished in there call on my own, if the two earning are mandatory than that's a situation, it truly is the only way it may impression the lenders decesion to grant credit.

Answer 5

I used to run credit checks for a car dealership and both spouses credit was taken into account. As a female I thought it very unfair, if a woman had good credit and her husband bad, the woman would usually get declined as it was assumed she made less money, so the husbands was all important. This is a number of years ago and I hope things have changed by now as I thought it completely prejudicial.

Answer 6

It could if you try to buy something that would require both your names on it...for then it may be denied due to his credit history. But each social security number has their own credit scoring....just don't sign together on something but don't think it will ruin your credit scoring since it was established in your name and on your SS#.

Answer 7

Yes possibly, However call the credit bureau and have them separate your credit file my wife and I did That don,t hurt a thing we still love each other and It helps good luck