QUESTION

Will my fiance's bad credit affect mine?

Asked on Jun 07th, 2012 on Bankruptcy - New Jersey
More details to this question:
I am getting married and my fiance has horrible credit. My credit is good. While his bad credit effect mine? Is it better to keep my own last name and not change. At this point, all of our finances are totally separate and we do not jointly own anything.
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Answered on Jun 15th, 2012 at 5:24 PM
Your fiances bad credit should not affect yours...assuming you keep your finances reasonably separate..and keep everything in your name paid on time, etc. I know many couples who put a house in one spouse name because the other has bad credit.. that was the only way they could qualify.

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Answered on Jun 15th, 2012 at 4:55 PM
Keep the finances separate and do a prenuptial agreement.

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John F. Brennan
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Answered on Jun 15th, 2012 at 2:48 PM
As long as you keep your accounts separate his credit rating should have a minimal effect on yours. Do not sign or guarantee any of his obligations.

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Answered on Jun 15th, 2012 at 2:24 PM
The short answer is no. Your credit score is based upon your credit history and as long as you do not include your new husband on your credit cards or finance agreements, his poor credit will not affect your credit score. While it is not necessary to maintain your maiden name to protect your credit rating, it probably would serve as an additional safeguard.

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Answered on Jun 15th, 2012 at 2:10 PM
Each person has their own credit file.

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Answered on Jun 15th, 2012 at 2:04 PM
In most cases as long as you do nothing to negatively affect your credit, it shouldn't change.

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