How does this work?? credit and marital.....? i am getting married in 4 months. i own VERY good credit.

i am getting married in 4 months. i own VERY good credit. my hunny have pretty bad credit. we would close to to buy a home next year. only just because we get married, does that denote my credit automatically turns to crap? or is it only if we try to buy something together, beside BOTH our names on it, does the credit situation come within to play? i've heard both things. i obligation to know how it REALLY works though.

I in recent times went throught something similar beside my wife...she had horrible credit, and I have OK credit. When we bought our house, the mortgage company ran me as the primary, and her as the lesser, and everthing worked out alright. Our interest rate is a little high-ranking, but we did get approved. And, no, her credit will not copy on you credit, because they go by Social Security Numbers, not the certainty that you are married and both have like last moniker...Good Luck.

Your credit history is separate, it won't affect you at all. But is you approachable a joint details, that one account will show up one both histories.

Answers: You and your husband will have you own credit files a short time ago like you do immediately after you get married.

The solely way anything will tuning is if you apply for joint credit or if you put him on one of your credit cards as a authorized user.

If you apply for collective credit, his bad rack up will mean that you will procure a higher interest rate due to the highly developed risk involved.

If you make him a authorized user, your accurate pay history will show on his credit folder and his score will jump up.

In both scenarios, if the payments are not made prompt as agreed? Both of your credit files will suffer.

No, your credit is yours alone...so you'll probably need to put the home surrounded by your name. Depending on how low his mark is it will take roughly two years to repair his credit. See, my credit was surrounded by the tank at 450-60 and my wife's be 0 because she wasn't from here. It took us about two years to repair mine and to build hers. It is so worth it once you repair it and start your living contained by your new home! Anyhow, on my answers profile I hold a link that can facilitate you two repair his credit.

Best of luck,

You have to ask,"Why does hunny enjoy pretty bad credit?"
Is the basis something that will continue? Put the house within your name individual.