Credit question?

I have excellent credit, always have. My live-in boyfriend, unfortunately has awful credit! Question is, if we were to marry, would this ruin my credit? Or would I be ok as long as we did not apply for any type of loan/credit together. I individually own the home that we share.

Credit question?

Don't believe it. His credit will show up on yours at some point, especially if you get married. It does happen. It doesn't matter if you apply for stuff together or not, somehow it happens. Keeping your own name might help a little, but eventually it catches up with you.

Make sure you do not answer any of his calls, give your name as his wife, girlfriend or anything else if they call looking for money.

Don't get a joint checking account. That is another way for them to get your name.

Protect yourself.

Credit question?

No, his credit will not affect yours unless you apply for anything together and he sarts defaulting on payments and that sort of thing. The only thing that can ruin your credit is by applying or %26quot;inquiring%26quot; for too many different things loans, credit cards, store charges, autos, etc. You can however help him get his credit back where it should be by putting his name on something of yours and making the payments on time and carrying a small balance. This way you will not have to deal with his bad credit for the rest of your relationship.

Credit question?

keep things separate and you'll be fine. Do not put him on the title to the home.

if ur in it for the long haul then help him to address his so that later down the road you might be able to buy your next home together. if you have your deal together he's got no excuse not to work on his!

just my thoughts!

Credit question?

I'm in the exact same position. Be very careful with it. You should definitely have different accounts and give him time to improve his credit. If you decide to buy a house before his is improved, stand alone on the mortgage. Credit has a huge impact on interest rate... Good Luck.

Credit question?

No your credit will not be affected. Becareful if you end up getting any joint credit that you continue to pay on time and keep low balances. I suggest you handle the payment of any joint credit and carefully monitor any of his spending on joint accounts.

Credit question?

u marry the person,u marry it all,famlly,friends,bad habits(oh yea bad credit

Credit question?

I have the same problem, What I do is when we apply say for instance for a Department store line of credit I all ways Put my name as the acct. holder and him as the second. This Willl help to build his credit and not hurt yours as long as you pay your bills on time. Remember to only add him DO NOT apply as a joint acct. This wil affect you. GOOD LUCK

Credit question?

unfortunately, your deadbeat, um, i mean boyfriend's credit will cause yours to suffer. You may have excellent credit now, but once you're married his crap becomes your crap. The only way to avoid this is to keep your name, and help him start cleaning up his credit. His credit will NEVER get better as long as he has delinqunt accounts. THe name change thing also saves you the trouble of getting all new ID's, Driver's Licenses, Credit cards, etc. Once you clean up his credit, it's up to you how you do it then. Sooner or later, he's gona NEED to stand on his own. He won't be able to do anything without credit. Insurance companies, cell phones, etc. all use credit history as a guage for you. I suggest having Mr. Deadbeat that can't pay his bills like he VOWED to do when he signed the sales tickets, and the credit card contracts, that he needs to get a job, or if he has one, a SECOND job to help pay of HIS debt. You two get married and yours becomes his as well. Don't ignore this, you'll suffer in the long run. How do you think student loans for your kids will be decided?

Credit question?

Per the answer stating:

keep things separate and you'll be fine. Do not put him on the title to the home.

Depending on the state, Minnesota is one of them, once you get married the spouse as Marital interest in the property. Which means that when you go to sell the home or refinance, he does have to sign the paperwork. He is in title because of the marital interest.

Just wanted to clear that up. States are different, so you may want to check with a local title company for the laws in your state.

Good luck!