Is it true that when you marry someone you both have the same credit score?

Home | Links | Contact Us | Bookmark

Financial Forum Search :

Financial Forum

Credit

Finance Discussion Forum

Advertising & Marketing Corporations Credit Insurance Investing Personal Finance Renting & Real Estate Small Business Taxes Business & Finance

What is the best way to get out of credit card debt. Do debt consolidation companies really work?

...

Can you ask your credit card company to change your bill's due date?

...

I'm married and in my 20's with debt well up to $20k. If I file bankruptcy can I ever get a future home loan?

Additional Details
I have secured and nonsecured debt. I called a counselor but the best they could do was take $600 worth of my bills and have me pay them $600 to cover them. I have ...

I have a lot of credit card debt. 3 major credit cards almost maxed out several small cards like gas?

cards, department store cards etc. And I have recently gotten some money. Should I pay down and almost delete the 3 major credit cards or pay off the dept store cards land one of the major credit ...

If behind on one credit card, its best to get behind on all to even things up. T or F?

...

Can I use any ATM?

I have just obtained a Link Visa Debit Card,can I use it in any ATM or does it have to be a Link M...

Can overdrafting your bank account affect your credit?

Additional Details
is there little change to the credit? i've overdrafted numerous times. Most of the times i didn't mean to....

Credit repair???

How do you get a credit score to go up by 100 or more points?
Additional Details
I have a few school loans in deferrment but no credit card bills. my score is in the high 500's and I...

What is the best way for me to consolidate my credit cards in one payment a month with out killing my credit?

...

I want to apply for a bank account but they ask for a second form of id...what can i use? ahhhhhhhh.....?

I'm 18 just got out high school....in los angeles california ....not a collage student....don't have any bills ....so can't use that.... used my state ID as my first form of ID .........

What's fastest way to build credit with a score of 575?

what kind of credit cards are easiest to get? or what other path should i take?i am wanting to work towards getting a home loan....

Does any body know what the name of the error is when you post a debit as a credit and the credit as a debit?

...

If u sign 2 a debt agency with a partna and then u split up, does the partna without their name on have 2 pay?

if you sign up to a debt agency with a partner and then you break up, does the partner whose name ISN'T on with the debt agency have to pay anything?...

Does having too many credit cards have a negative effect on your credit?

I currently have 2 Mastercards, 1 Visa Card, and 1 retail credit card all with balances. Does this reflect negatively on my credit? If i keep all with zero balance will it still have a negative ...

JPMorgan Chase credit card just RIPPED ME OFF!!!?

I can't believe these *uckers. I mailed in my payment THIRTEEN DAYS before the due date and then they tell me it was a day late and now my interest has shot up and i need to pay 300$ for NOTHING...

Making a mortgage payment.. Question>>>>?

I am thinking of makig 1/2 my mortgage payment every other week instead of one payment each month... This will essentially give me easier cash flow, but will it really matter to the mortgage company (...

Is it true that the more credit cards you have the lower you credit rating will be?

...

Bills / credit card !!?

i've gotta $600.00 credit card that i've maxed out and i NEED to pay if off... what can i do .. when i work the money i make goes to my car payment and gas & cell phone ...

<...

Get a Car loan with Bad credit!!!!?

My wife and I are needing to get a new car ( used car )
Either one of our credit is good moreless sucks.

Both our credit scores are under 570
someone stole my ID and got alitte ...

How can i find out why i was refused credit?

i've got a credit report from experian but that still dosen't answer my question, as all that says is that i make all payments on time, is the another company that can be a bit more acurate?...

Imdatchick

Is it true that when you marry someone you both have the same credit score?

Okay.. I have worked really hard to get my credit right. The guy i'm about to marry has bad bad credit. Is it true that when we get married, I'll also have bad credit , the same credit that he has and if so then why. Do they combine the credit score. I hope this is not true

acermill

It's not true. You marry a person, and you do not marry their credit track. Each of you will have the same credit score after the wedding that you had before.

David L

No! You will both have the exact same credit as you had before getting married.

Once you get married there are things that could effect your credit. 1) If you get joint accounts then BOTH of you will be responsible. If you get joint accounts then you are both equally responsible regardless of who has "agreed" to pay. 2) Authorized user lets say you put him on an account as an authorized user then he can use the account but YOU and only you (the primary user) will be responsible for the account. In theory he could use this account and leave you holding the bag!

My best advice would be to keep your accounts seperate and avoid joint user or authorized user accounts. My ex wife charged up stuff and left me hanging on the authorized user accounts and on top of that used a lot of our joint accounts and then flaked out and left the state. Now the credit card companies are coming after me! Unfortunantly the cc companies have every right to come after me since it is equal and since they have discovered that she is a flake! lol!

Avoid the pain and try and focus on the marriage itself and avoid getting too inter mingled on your credit! I know this sounds very un romantic but with the divorce rate at over 50% it is best to protect yourself especially in this case when it is you who has the good credit. My good credit got hosed! Don't let this happen to you! lol!

meg b

no, but your mate's credit score could affect you chance at getting a good loan rate if it is bad...The bank will look at both scores if you apply for joint credit.

NEed Help ? Do you ?

HELL NO thats not ture but let me tell u if it was true I wont get married cause my PLATCARD FROM AMEX is worth more than my WIFE :D

rickbrokaw

No, this is not true. The only time both credit scores are affected is when you co-sign for some sort of loan. Until then your credit score is completely separate from his.

linkstar

No. That is a misconception people say that because many people who get married share their credit. This means they make purchases using both their names instead of just one. You are only responsible credit wise for what you put your name on.

J'adore

NO!

tuxcatluvr

It depends on the state that you live in. Some states do not combine credit some do. You will have to look at what states are community property states or not. I hope that you live in one that is not. here is a link to the list: http://www.familylawsoftware.com/splitgen/sp/gn/explaincommunitypropertystates.htm
Click on the link or search "list of community property states"
Hope this clears things up and that you dont live in one of these states. No matter if you hear that its not true it is. Look up Community Property and you will find out the truth. This link is also a good one http://www.bankrate.com/brm/news/DrDon/20040209a1.asp?prodtype=cc
Best thing is just dont buy anything when you get married. Do it before you do because after you get married you have to have your spouses info and use thier credit. Bad part is you have to go it alone for what you are getting a loan for. Really do more research on community property if you live in one of the 9 states. You will maintain what you did prior to the marriage but anything after will be put on your credit.

pink lily

Nah,it's just a myth !

The Legend Killer

no its not your good

SID~U.S.M.C.

only if you go for a loan together

Enter Your Message or Comment

User Name:
User Email:
Post a comment: