msxcheshirexcat asked:
I’m debating this with my boyfriend.
He says that if he has bad credit, and I have good credit, and we get married, his bad credit will not affect me at all.
I say that when we’re married ,we share money, so any monetary problems HE has become monetary problems WE have.
Is he right, or am I?
OH, my boyfriend doesn’t have bad credit, we’re just giving a hypothetical situation! =P
Credit Mechanics
I’m debating this with my boyfriend.
He says that if he has bad credit, and I have good credit, and we get married, his bad credit will not affect me at all.
I say that when we’re married ,we share money, so any monetary problems HE has become monetary problems WE have.
Is he right, or am I?
OH, my boyfriend doesn’t have bad credit, we’re just giving a hypothetical situation! =P
Credit Mechanics
April 5th, 2009 at 4:07 am
CreditMechanics.com
Not a problem…until when and if you get married!!!
April 6th, 2009 at 2:55 am
Credit Mechanics
totally.
April 7th, 2009 at 6:41 pm
Credit Mechanics
You will be affected, as you will be associated with him and as he has bad credit they will do the same for you. I know its daft but thats the way these credit companies work
April 10th, 2009 at 11:43 pm
Helping People Fix and Maintain Credit
my husband has good credit, i have bad. when we want to purchase big items, my naem dosent go on amything so my creit wont get run. But when it comes time to buy a house, thats when i am going to worry. I dont want a higher intrest rate just because of my credit.
April 12th, 2009 at 8:34 am
Credit Mechanics
Your boyfriend is deceiving you. His bad credit will have an adverse effect on your good credit but he is obviously hoping that your good credit might have a positive effect on his bad credit. You should ditch him and find a boyfriend with a credit score at least as good as yours
April 12th, 2009 at 9:30 pm
Bad Credit
you are right. it affect joinly when you are trying to buy anything together.
April 13th, 2009 at 7:38 am
Credit Mechanics
Even with marriage most of your credit is YOURS. After all most people checking credit go by your SS # So that is yours alone persoally.
April 16th, 2009 at 11:08 am
CreditMechanics.com
He is wrong. His debt becomes your debt when you get married. Also when you get married he can apply for credit cards in both names and ruin your pretty credit score when he doesn’t pay.
April 18th, 2009 at 2:41 am
Credit Mechanics
Its not going to affect you as long as you don’t want his name on any bills or loans that you may acquire. Otherwise, yes its going to affect you…. He won’t be able to finance an engagement ring with crappy credit!! And any kind of car or home loan will either just be in your name or you will have a higher interest rate because of his credit score. If he’s in over his head, consider credit counseling or bankruptcy. Its a big decision, but your credit is very important. Take this from someone who has had major credit issues since graduation. If he gets a secured credit card and maybe just charges Gas, or something small (Something he has the cash for) and then turns around immediately and pays it off it will gradually improve his credit. It all depends on how bad it is. Good luck!!!
April 20th, 2009 at 8:24 am
Bad Credit
You may want to actually think seriously about that. I married someone that screwed up their credit. When he saw mine was good he did some things to mine. Next thing you know I had a Lexus that I did not sign for. Besides that, there are a lot of crooked companies out there that will do just anything for a buck. When you get married there is almost nothing you can hide from your spouse. They can go into a lot of your paper work with other companies and use the fact that you two are married as part of his life. I believe that is another reason why lots of couples that get married don’t change their last names.
April 23rd, 2009 at 2:26 am
Credit Mechanics
Guess what? When you get married and apply for loans they will check whomever name is on the application which is usually each of the spouses because normally you want to get approved by showing more income. But if you apply for a credit card under your name only they will only check your name.
April 26th, 2009 at 11:25 am
Credit Mechanics
wow….i’m wondering the same thing myself…same situation…going to be married in two months…i’m worried too…i have good credit (like you do) and he doesn’t…at all…love him to death, but i’m not trying to fix his past mistakes either out of the money i’ve saved over the years…
we decided that when we get married, we will share ONE account…an account for bills, money for our possible future children, etc….but i’m worried too that the money can be taken away because of debts he has be taken out ?? (kinda small, but still not my responsibility as far as i’m concerned)
please e-mail me with any good advice you receive from this question as i would GREATLY appreciate it!
thank you!
April 27th, 2009 at 3:53 am
Helping People Fix and Maintain Credit
Normally these loans are more expensive than those offered to borrowers with good credit. The interest rates are higher because the lender bears higher risk. Adverse credit loans have more stringent repayment criteria than normal loans. Skip one payment on a bad credit loan and your rate will rise and you may even have to face a foreclosure.
April 29th, 2009 at 8:14 am
CreditMechanics.com
He is right, its only if u guys have accounts together it would affect u.. so don’t get things together until he gets his credit in order