2007-07-08 19:50:35 · 5 answers · asked by reggie 1 in Business & Finance ➔ Credit
No! However, depending on the state, your credit is their credit and vise versa. This only applies when you are trying to get loans requiring both of you or when their is outstanding delinquency (which you are now entitled to repay). Any outstanding judgments your mate has can now be against you (not creditwise, but can be placed against anything you own or buy). There are a few states that are not like this but again, a few!
2007-07-08 20:06:55 · answer #1 · answered by Wassime 3 · 0⤊ 0⤋
Not at all. They are two completely separate credit files (assuming you are in the US). Many couples buy things using the credit of the stronger partner, because when making joint applications, most systems will use the lower of the two scores, regardless of who makes more money.
2007-07-09 08:33:40 · answer #2 · answered by Anthony 3 · 0⤊ 0⤋
Wassime is right it will not lower your score but if you are in a community property state it will be your liablity too..
2007-07-12 14:44:05 · answer #3 · answered by Mike B 2 · 1⤊ 0⤋
Not necessarily....but the lender will look at both scores...which, in essence will be the same as your score having dropped
2007-07-11 20:27:17 · answer #4 · answered by amaya7 5 · 0⤊ 1⤋
Yes.
2007-07-09 02:52:43 · answer #5 · answered by Anonymous · 0⤊ 1⤋