georgia79
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Okay everyone makes mistakes and I myself made quite a few when I was younger..so now my credit is horrific. DO NOT GET A CREDIT CARD...you will be responsible for the balances and the interest rates are extremely high. I suggest go to a furniture store obtain a peice of furniture on credit and make the monthly payments. It takes time but believe me this is the absolute best way. If your husband already has ideas about a credit card and what he will do with it then that give you an idea of why he has bad credit. Be responsible...take your time and allow your credit to build by purchasing small priced items on a credit account. Also the more your credit is checked ..it lowers your credit rating! His credit does not necesarrially effect your credit because this was before you married...your name was not available on any of his account it will however effect any joint ventures such as applying for a house loan together. |
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STRANGER in Calgaryâ„¢ MJEST
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I have no idea |
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hollowmanbilbo
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setup separate accounts. when you file tax returns file separately. Do not use his name on any purchases. My wife's poor credit only affects my rating on things that I am cosigned with her on. |
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Frank Castle
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You are not going to be able to buy a home next year.
I suggest you to repair his credit. (It won't be easy) |
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stlb_2000
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First, find out exactly WHY his credit is bad. Get your credit file off of one of the "free credit reports sites"-make sure they have the secure logo (lock icon) on the screen, and are members in good standing with the BBB. Find a community based credit counselor; many cities have no-cost professional that donate their time for low income couples or individuals that want credit counseling. They can prioritize the problems, and perhaps even negotiate with the creditors to lower the debt, and accept low payment terms. Consider a Chapter 11 or 13 bankruptsy as a last resort. As long as you are married, you are considered as legally bound debtors. Improve HIS credit as much as possible, negotiate the debt, or file.
To attempt to get your own financial identity, separate of your husband's will be tough; especially if you have signed anything together regarding any debts. Run your own credit report; there could be errors or deletions, or entries that are not yours. Open your own bank account and savings account, and be careful to make sure you have no overdrafts. Add small amounts to your savings account. If you have a job, make sure that income is listed currently on your credit report or list it as note to the account (your social security number). Obtain a second debit card account, which requires you to have a deposit to draw on, and it acts as another debit card. Many of these companies offer to give you a normal credit card with a low limit after the first 6 months. Be careful with these accounts, and you can easily obtain new credit or at least a credit history that makes sense with what you have said, despite your husbands' credit. Make sure he does not have any access to these accounts! |
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homeschoolmom
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Talk to a mortgage broker in you area. Different states have different laws regarding married couples and credit. Don't do separate accounts, that's childish and says, "I can leave whenever I want". Y'all are in this together!
Ask your husband to attend course in personal money management WITH YOU (Dave Ramsey's Financial Peace is AWESOME - changed MY husband!). This will help put you both on the same page, financially. The number one reason cited by most people when they file for divorce is financial problems. Get together on this now and enjoy a long, happy marriage. |
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Joieanew
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Unfourtunatly, since your married his bad credit will begin to affect your credit. The only reason this hasen't happened yet is because you have none, and he hasen't filled for bankruptcy. When you apply for your house loan it's all gonna hit the fan. First off your husband needs to get a handle on his spending.I don't recommend him filling for bankruptcy.If you do you'll need to file with him. This is because all your husband's bad debt that has accrued since your marrage now is also your responsiblity, so his bad debt will become yours if he files bankruptcy on those accounts. This will kill your hope of ever having good credit before it's even started. You two need to work together to get his credit under control. Until you do this you will not have good credit. DO NOT HAVE ANY JOINT AGREEMENTS WITH HIM OR APPLY FOR ANY LOANS WIHT HIM ON THEM!! We want to preserve your credit until you fix his. Then you can begin to combine it. |
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dustogump
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don't worry...You'll get a good rate.... if you need to, get a cell phone contract in your name or get your name on some type of purchase in which you are financing something. your timely payments will let your credit rating grow |
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NOFEAR110
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TRY APPLYING WITH YOUR LAST MAIDEN INSTEAD OF HIS |
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mama
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Get a bank account, and apply for a prepaid credit card from them. |
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MaryAnn
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Don't let him have his name on the checking account. If you need to then have a separate account from him. And If you get a credit card then have it in your name only. That way he can not harm your credit. I hope that this helps. Good luck. |
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sondrathetexan
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go to rent a center and get something cheap. rent it a while and pay for it. that will build your credit. just get something small like a vcr or something. |
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Left the building
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Apply for a credit card or bank loan in your name.
If you were signatory to the loans which are considered as "bad credit," it is unlikely you will have "good credit" in one year.
If not, they should not affect your credit rating.
Additional comment:
His credit rating will affect your ability to get a home loan unless you intend to divorce him. |
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gi_scarlet13
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hehehe....I like lil *****'s answer!
WEll, you need your own account...not a joint account. Then you can start working on your good credit. But if you have a joint account, then his credit will look bad for you! |
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Phozzie
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start workin your a** off |
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elisemom
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get a loan or credit card and make ontime monthly payments. do not be late or behind. your husband should run his credit and see what he owes and begin to pay those items off at least one by one to start. call the companies and set up payment plans, they are usually willing! good luck |
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The Angry Stick Man
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Pay off everything in default and keep everything current from now on. Also get a copy of your credit report and make sure everything is correct. |
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elbluej
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Start getting credit, pronto. Go to stores that can start u off and make sure u keep it good. Make sure u do all ur payments on time and also that u don't overcharge ur credit cards if and when u get them. go easy.
I'm pretty sure there are websites out there that help u out.
good luck:) |
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AXE
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Well unfortunately when you buy a home when you are married both of you need to have a decent credit score. The main thing you should not do is apply for a non secured credit card because you need a credit score of at least 620 in most cases. Every inquiry(credit check) you make goes against your credit score. You need to get a secured credit card (pre paid) from your bank and charge it for six months before you pay it off. Credit does not show up at credit bureaus for six months. This will establish some credit. Make sure before you apply anywhere for a line of credit you ask for their requirements. If they don't tell you, you don't get one. Most places require at least two to three lines of credit in good standing for at least a year. First time mortgage programs will help but your husband needs to have no bad revolving credit(credit cards, car liens and such, not medical). Most of the time they will over look some medical and a low credit score(550 to 619), but it depends on the program. Most banks want you to have a credit score of 640 to even get a loan. 680 to 700 to get a mortgage. And that depends on your job. I hope this helps. All my family is finance managers and loan officers. jaytheaxe23@yahoo.com if you need more info. |
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morris the cat
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if you work outside the home-have a job- apply for some gas credit cards first- they are the easiest to qualify for- pay them on time- then apply for a visa or mastercard- even if you only get 600 limit to start- pay on time and after 6 months or a yr they might raise your limit by themselves or you can ask for a limit increase- the whole idea is not to buy anything you would not buy-if you were paying cash-you can also deduct from your checkbook each time you make a credit card purcahse the amt of the puchase-so, at the end of the month the money will be there to pay the statement due- this is a good trick to protect yourself against going overboard- remember- the cards are for convenience only- not to use and abuse by buying stuff you cannot afford or dont need- otherwise you will wind up like your hubby with bad credit because you did not pay on time or over-extended youself- good luck to you- I am a retired CPA & CFP- certified financial planner !!! |
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sondra216379
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Get a credit card.....make purchases but pay them off every month....your first credit card will probably be really high interest though |
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erix3113
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get a secured bank credit card . . its like a prepay typa thing. use it for everything u possibly can .. then pay it twice a month..you can open several credit lines like this as long as u dont get carried away and make sure u pay them every 2 weeks. Once u have several trade lines open keep your balances to half of the limit..all the time..youre ratios will go up. consult a GOOD credit repair Xpert as well..lotta people that suck at it
Good luck. |
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amanda b
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get a pre paid card like capitol one that has no interest...then to not have your husband rack it up request firmly that ID must be shown in order to use it anytime including online purchases. Tell the company to notify you right away if this has been bypassed in anyway. Tell your husband to start being a grown up and to pay off his bad credit. Otherwise being married you have to combine the credit of both parties not just one...his irresponsibility will catch up with both of you. |
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bluebutterfly
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Get a major credit card. And a few store credit cards. Make some small purchases on each but pay the bills ON TIME and in full if possible. This cycle of buying and paying the bills will give you good credit. Don't let your husband go charge-crazy on the card or else YOU will have bad credit since you will be the primary card holder and are responsible for that debt. You are smart to watch it. Keep it up, Chick. |
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~lil *****~
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dump him. |
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