My future spouse has bad credit
Am I responsible for my future spouse's bad credit?
How will my future spouse's bad credit affect me?
Your future spouse's credit problems can prevent you from getting credit as a couple after you're married. If you've had spotless credit, you may be turned down for credit cards or loans that you apply for together if your spouse has had serious problems.
Should I keep my credit separate?
Some people decide to keep their credit separate until their spouse's credit record improves. You are not required by law to combine your credit when you marry. If you want to keep your credit separate from your spouse, apply for credit by yourself instead of applying for joint credit after you're married.
You can have a separate "associate" card issued for your spouse to use. Keeping separate credit can be complicated and cause hurt feelings. Your spouse may resent that you control all of the credit in the household. Also, you might have a harder time qualifying for mortgage and car loans alone than if your spouse's income could also be counted.
What to do when your spouse has bad credit
If you and your spouse have different credit scores, it is important to decide how you want to handle credit-based applications.
Questions to consider:
We'll teach you how to #LiveTo100!
Join our newsletter!
RSS| Sitemap| Careers
©2000 - 2017 MamasHealth, Inc.. All rights reserved