I have seen MANY MANY helpful answers to people who had debt while married and advice on what happens to their married debt now that they are SINGLE... but not ONE question about SINGLE DEBT in only my name, and what happens to that debt now that I am married. I certainly don't want to soil my new hubby's good name and excellent credit he worked so hard for. I do NOT want him to help me pay them and want to do this myself... but I worry if we are now married that somehow MY old debts that take longer than i'd like to pay off... might reflect badly on HIM somehow. He already has his house mortgage in his name, not OURS, and I know if we want to buy one TOGETHER that will get complicated if I have bad credit in the future... but as of TODAY, as of right now... can someone please tell me... in the state of Florida, if a single person gets married does THEIR BAD CREDIT or current or past due bills affect the new marriage partners credit? Thanks SO much in advance! - The Bride -
2007-06-18 08:14:21 · 5 answers · asked by Not That Girl 1 in Business & Finance ➔ Credit
My wife had similar issues. Her credit problems have not affected me in any way. As long as my name has been on the credit apps, etc, they have all sailed right through... Don't sweat this...
2007-06-18 08:33:21 · answer #1 · answered by morlock825 4 · 0⤊ 0⤋
It's a common myth that your credit hsitory is combined with your spouse's when you marry. It's not true.
Everything that is attached to your SSN is yours; everything that's attached to his SSN is his. If you guys purchase or finance something together, then it will appear on both people's credit as a joint account. Same deal if you were to add one another as authorized users on your credit cards or something...but your old debts and bad credit will not hurt his credit standing.
When you think about it, it would really unfair if it happened like that, wouldn't it?!
2007-06-18 15:28:03 · answer #2 · answered by YSIC 7 · 1⤊ 0⤋
Unfortunately when they say for richer or poorer(sp)at the wedding, that is exactly what they mean!! I know that my husband had debt when we got married..like child support...now we share that joy together!!!If you go to annual credit report .com you can get a free credit report once a year..It will say joint account on there if a reporting institution considers it a joint account with you and your husband..if not it is just yours...good luck !
2007-06-18 15:32:10 · answer #3 · answered by bartendmist 2 · 0⤊ 0⤋
You have nothing to worry about. Your credit is just that yours and yours alone.
The only way your credit would ever effect your husbands will be when you two apply for a loan together and even then it will only cause your rate to be higher.
2007-06-18 15:35:21 · answer #4 · answered by ? 7 · 0⤊ 0⤋
Yes it will affect the new partners credit so it will be better if you consult to repair your credit or you can consolidate the debts of your partner.
To know more you can visit
http://www.debtconsolidationmanagement.blogspot.com
and
http://www.geteasyloans.blogspot.com
2007-06-18 18:10:59 · answer #5 · answered by Della G 1 · 0⤊ 1⤋