Consolidating loans affect credit score

17-Dec-2015 23:46 posted by mogo233 | Leave a comment

The only way that I can foresee your credit being affected by your spouse's poor credit history is if you added yourself as an authorized user on any of your spouse's accounts with less-than-perfect payment histories.If you're added to any of your partner's accounts with that have delinquent payment histories, these accounts could appear on your credit report as well, thereby damaging your credit score.

Before anyone agrees to co-sign on a loan, please read all about co-signing for a loan.

You and your spouse will find a great article describing ways to improve/build credit entitled Credit Building From Scratch.

Thank you for your question about how your credit rating is affected by your spouse's bad credit.

Do not worry about your personal credit score going bad because of your spouse's bad credit score.

The only time your credit would be reported jointly would be if you applied for joint credit in the future.

Even then a credit report would still identify those credit items that you were solely responsible for and those that your partner was responsible for.

You can use your good credit to help you establish new credit lines, which should have a positive influence on your partner's credit score.You will each continue to have your own credit file.If you apply for loans/credit as an individual, they will only look at your credit record.If you apply jointly for a loan as co-borrowers, they will look at both your reports, but they would do the same thing if you were not married and applying for a joint loan.Generally speaking, simply marrying a person with a poor credit history will not damage the spouse's credit.Co-signing on a loan is not something I normally recommend, because of the risks that the co-signer takes.

Leave a Reply

  1. winter oark dating 06-Jan-2016 17:08

    By entering this website, you are affirmatively stating that you wish to view adult content of sexually explicit nature.   PLEASE READ: To make it harder for anyone to hack your account we suggest you use a different Username to the screenname you intend to use.

  2. Unmonitored cam to cam chat 26-Jun-2016 14:24

    With that in mind, we should just be thankful that this sex tape didn’t feature any scenes of Mila f*cking herself with the bones of dead Palestinian children.

  3. Cam 4 100 24-May-2016 15:50

    SWM 56 5'10" 240 ddfree HIV- clean discreet and looking for guys who would like to hang out.

  4. Free adult chat without upgrading uk 20-Jan-2016 17:27

    Continue Reading » Having met the love of my life through online dating, I understand that this can be a very effective way to find the person you are meant to be with.

counter strike 1 6 validating game resources