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Marriage and its credit impacts - The Bills.com Blog
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Marriage and its credit impacts
Question: I have good credit but if I marry a man with bad credit will his credit affect me?
Answer: Generally speaking, simply marrying a person with a poor credit history will not damage your credit. The only way that I can foresee your husband?s poor credit affecting you is if your husband added you as an authorized user on any of his accounts with a less-than-perfect payment history. If he added you to any of his accounts with a delinquent payment history, these accounts could appear on your credit report, thereby damaging your credit score.
On the other hand, you may be able to help your husband improve his credit score by adding him as an authorized user on some of your credit
card accounts, or by co-signing on a small loan with him, such as an unsecured personal loan. You can use your good credit to help your husband establish new credit lines, which should have a positive influence on his credit score.
If you would like to find out more about credit, credit scoring, and ways
to improve your credit, I encourage you to visit the Credit Solutions and Resources page of Bills.com at http://www.bills.com/credit/
I hope this information helps you Find. Learn. Save.
Best,
Bill
www.bills.com
Also, make sure to get a free financial health check-up with Bills IQ!
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Bill has answered all sorts of questions and has been able to provide those in need of financial guidance with helpful and valuable advice and information on their specific financial area of interest. If you need specific guidance on any of the above mentioned financial areas, feel free to Ask Bill your financial questions and get better informed. Also, make sure to get a free financial health check-up with Bills IQ!
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