Sunday, January 17, 2010

How does getting married effect your credit score?

If someone with good credit marries someone with bad credit does that bring the good credit down or the bad up...or a littlel of both?How does getting married effect your credit score?
It does nothing. The only way your credit would be __affected__ in the future would be if you were to both apply for credit together in the future (say, your next car loan or a mortgage). Your marriage will have absolutely no effect on the credit of yourself or your future spouse.How does getting married effect your credit score?
Only if the party chooses to use their mates name on a business transaction, such as bank or personal loan, or a car loan. When their name goes on the note as one of two responsible parties then the bank or lending agency may look at both scores and turn you down based on your mates bad credit.
To find out specifically what you must do to raise your score, you can order your score report from all three national credit bureaus. In addition to your score%26lt;!--you'll get your credit report, an indication of how your score ranks nationally and an explanation of how you can boost your standing.





http://badcredits.awardspace.com/creditscore.htm





In order to improve your credit score, it's important to know where you stand currently. Despite all the media attention given to free credit reports--%26gt;you still have to pay to find out your credit score, the three-digit number ranging from 300 to 850 that is the key to your borrowing costs.
It will hurt it bec you will spend more $$$
Only if you have joint accounts. If you have separate credit cards and car payments then your credit will not be affected by his bad credit, however, if you purchase a house together, purchase a car together and get joint credit cards and either of you default on the account then both your credit is affected.

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