credit also.
2007-06-17 03:27:03 · 34 answers · asked by P R 2 in Family & Relationships ➔ Marriage & Divorce
Try to get that person to learn how to budget & live within their means. Once they show responsibility, then marry them, not before.
2007-06-17 03:29:18 · answer #1 · answered by Aussie 1 5 · 1⤊ 0⤋
Check with the state that you live in, but generally the answer is yes. Even if you aren't liable legally, financial institutions take it in to consideration anyway.
You might want to think long and hard about someone who can't handle money before you marry them.
PEOPLE DO NOT CHANGE AFTER MARRIAGE.
YOU CANNOT CHANGE SOMEONE.
So, if you are prepared to live a life of financial problems, then proceed, otherwise short term heartache might be preferable to long term financial ruin that would lead to hate then divorce.
2007-06-17 03:32:01 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Nothing can ruin your credit untill you sign for it..However if you buy something together on credit their score could cause you both to be declined...
But if you're in love why would you worry about your credit score?
And I would look into if the issue was due to irreasponsability....How would that affect your life together.
Some debt's can't be helped..they just snowball..check that out.
My hubby of 10 years had a large debt load and a low paying job...Now the debt is gone and he's got a fantastic job..So things can turn around.And we have a good credit score.
2007-06-17 03:36:58 · answer #3 · answered by southernpal4u 2 · 0⤊ 0⤋
Have you ever watched till debt do us part? I am currently married and after three years of marriage we are having to file bankruptcy due to child support I hate Canada for this... Anyway, my truck is having to be given up to them, my job will be topping them off if I go back to work thank God we have a kid so I do not have to . My life has been turned up side down and I have only been with him for two years. My house is being ripped from me and not only that we now have to move to an entirely different province. Yes, this will efffect your life. Maybe not your credit but you will have to succumb to major changes and financial difficulty is one of the largest reasons couples in North America have problems. How could they not your marrying into debt and you will have to live like you are in debt unless everything is his and hers money. It will be complicated.
2007-06-17 05:44:49 · answer #4 · answered by Marianne W 2 · 0⤊ 0⤋
If their credit remains "bad" you may never be able to get a joint loan together as their credit score and history will pull yours down.
Credit is reported under your own social security number. If you want to get married make sure NOT to open any accounts in joint name as the bad credit could bring your score down. Keep finances under your own credit until the others is better.
It is important they pay all obligations in time, try to keep credit card debt under 30 percent of the limit, etc. to help improve their score and not to make it worse.
They can go for credit repair and bring it up before marrying and can do it on their own or with professional help.
2007-06-17 04:08:23 · answer #5 · answered by Iknowthis! 3 · 0⤊ 0⤋
They might ruin YOUR credit eventually.
Why would you want to marry someone who can't handle their money or financial responsibilities?
Financial tragedy that is sudden and unexpected is one thing. But a habit of running up credit cards and emptying one's bank account through careless spending, or, not paying one's bills when they arrive due to lack of funds or sheer negligence are terrible habits.
Don't EVER marry anyone who can't handle their finances.
2007-06-17 03:31:47 · answer #6 · answered by Alien Brain 3 · 0⤊ 0⤋
Definitely. You'll end up having financial problems yourself and soon, more financial problems because of lawyer fees and alimonies for a divorce that shouldn't have taken place had you not married someone with financial problems!
2007-06-21 03:01:42 · answer #7 · answered by salsa 2 · 0⤊ 0⤋
Your credit will, eventually, become linked with the other person's, and your overall credit history will start to reflect some of the bad decisions made by the other person.
I'd strongly recommend a prenuptial agreement regarding finances, and I'd also recommend you consider seperate banking and bill paying arrangements until the other person manages to build up some better credit ratings.
2007-06-17 03:31:18 · answer #8 · answered by Stuart 7 · 1⤊ 1⤋
If someone has not learned financial management, that is defintely NOT a good sign. Because the term simply means:
"Inablility to live within one's means". If more goes OUT than comes IN, that will lead to an unstable, unhappy situation.
2007-06-17 03:47:03 · answer #9 · answered by iyamacog 7 · 0⤊ 0⤋
You are great if you manage those problems without ruinnigng your life and your family. then the nation,, anybody should know how to live with what you get without incurring addtional expenditure ,,please ensure that the other party is showing some interest to become normal once again and show some interest to pay within the limits without going beyond limits ,,, if so,, you have to take a decision today whether to goahead with this situation or not,,,
2007-06-17 03:34:21 · answer #10 · answered by Anonymous · 0⤊ 0⤋
Sounds like you need to take control of the checkbook right off the bat ...
no, it will not ruin your credit --- unless you start to not pay bills ... things in both your names/yours alone....
but, it will affect if you get a house loan or something, and apply for it together.... that is why I just applied for a house loan - but, I did it alone - because my fiance's credit sucks - and mines perfect...
2007-06-17 04:38:00 · answer #11 · answered by ★★★ Katharine ♥♥♥♥ 6 · 0⤊ 0⤋