What happens if I marry someone with bad credit?
February 2nd, 2010 | 
Author: Emily S asked:
My boyfriend and I have discussed marriage but one of my biggest concerns is his credit. He is working towards improving it, but I know this will take years. I have excellent credit. If we get married and do NOT have any joint accounts, seperate car loans, home in my name, seperate credit cards, etc, will his credit score have any effect on mine? Also if he continues to damage his credit after getting married, will that effect my credit score?
bad credit car loan
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bad credit car loan
I think your credit score will combine when you get married whether you have joint accounts or not.
it will be hard when you guys want to buy a house together I know that…
bad credit car loan
I understand your concern. But is this all you care about? Good luck to your partner!
bad credit car loan
only if you apply for things together. same situation w/ me and ex. i had the credit, he didnt. it didnt stop me whatsoever..
bad credit car loan
UN-FIGGIN-BELIEVABLE. To actually think that there used to be a day in age when it was the MAN’S responsibility to work and take care of his wife. Sad state of affairs these days when a man’s reputation, his credit, and his ability to provide for a wife means absolutely nothing anymore. He must be really really cute and amazing in bed to make you overlook his ability to take care of business. (and people wonder why the divorce rate is so high)
bad credit car loan
I would presume it doesn’t affect you, unless you guys have joint names together, say for a car or an account. It would be very unfair for you if you guys have a combined score just because you’re married.
bad credit car loan
people that don’t manage there credit usually don’t manage there lives well either.i would look else where.
bad credit car loan
Keep your finances separate..wait until he re-builds hes and even then wait ten more years.. with this economy..it will be twenty years before we get out of this one..maybe more..if your young 20’s..plenty of time to work out his credit problems..by the time your in your 40’s.. you can then decide if you want to combine finances.
bad credit car loan
Yes it will effect you. My ex had bad credit and I’m still paying for it. Been divorce over 10 years. And believe it or not, in January a bill of his found me!. I’m paying for it. Can’t find him. I tried to fight it and lost. But look into. Get a good look at his credit and get some credit counseling on how you two can fix it. It might not be as bad as you think.
bad credit car loan
Honestly it doesn’t take that long. My credit score was 500 due to ignorance and just not paying bills in my early 20’s. After just a year of paying my bills on time, I bought both a brand new $25,000 car and a $200,000 home (with a traditional loan, not an ARM) on my own, no cosigner or anything, with my credit score. So it’s not as bad as you think.
HIs credit score will affect yours. If he’s that awful with money and if you think he will continue to damage your credit, don’t marry him. Money matters are the number 1 cause of divorce, and if that’s your biggest concern now, it’s not going to go away.
bad credit car loan
Unless you want to see the repo man allot, leave a bad credit having DOLT alone. He will be begging you for money and pawning your stuff and be on the lamb dodging people on a regular basis.
bad credit car loan
If your credit score is all that matters you should marry a financial consultan! What ever happend to marry a motha****** with a bus pass?
bad credit car loan
credit scores/reports do not combine when you get married. the only thing that is on your credit reports are accounts that you are listed as borrower or co-borrower on. that being the case, if you keep completely separate accounts, theoretically speaking his bad credit won’t affect you.
the reality is that a spouse with bad credit does affect you in some ways. can you qualify for the home loan based on your own income? if you cannot, than his debt just effected you, as you might have to get a much much cheaper home. his debt and bad credit means more money spent by him in interest. this means he has less to put into things that you might want to have. if he continues to wreck his credit, than this will be a sword of damocles that will hang over him, and by proxy, you.
you are wise to be worried about this before you get married. too many people don’t. it’s a good sign that he’s working on his problem. show encouragement and help him achieve that goal. the good thing is that the negs will be off his reports in 7.5 years from first delinquency. keep your eyes open though. if he doesn’t show improvement, consider this a huge red flag and you might want to reconsider marriage to this man.