Can a spouse ruin your credit?
Table of Contents
Can a spouse ruin your credit?
Fortunately, your spouse’s past credit history has no impact on your credit profile. Only when you open a joint account will any information be shared on both of your credit reports. However, when you want to buy a home together, your spouse’s negative credit history could impact your mortgage rates.Dec 8, 2016
Should I pay off my spouse’s debt?
Relationships are difficult enough to manage, and he advises against paying for a significant other or spouse’s debt. “As a general rule, I would advise against it,” he said. “Taking on someone’s debt can open the proverbial door to future regret and resentment and put undue stress on your relationship.”Mar 6, 2015
Should you marry someone with a lot of debt?
No matter how your partner accumulated the debt, it’s important that they’re actively trying to pay it down. Otherwise, you could end up dealing with the financial repercussions for years to come, and without any help from your spouse.
