QUESTION
How will a bankruptcy affect my future spouse's credit?
Asked on Mar 01st, 2012 on Bankruptcy - Kansas
More details to this question:
I filed bankruptcy in 2007, so far I have maintained a clean slate. I lived in Ohio and am engaged to a man in California with perfect credit. If we marry how will my credit affect his?
14 ANSWERS
Bankruptcy Attorney serving Livonia, MI
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Charles J. Schneider, P.C.
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It ought not to.
Answered on Jun 23rd, 2013 at 9:35 PM
Bankruptcy Law Attorney serving Austin, TX
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Law Office of Susan G. Taylor
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You maintain separate credit, so it shouldn't have any effect on his credit. However, if you jointly apply to buy something on credit, your score might affect the transaction.
Answered on Mar 06th, 2012 at 10:45 AM
Your credit will not effect his individual credit score. His credit and his debts are his, yours are yours. The only problem would be that if you ever down the road apply for a joint loan/joint line of credit/joint mortgage, then your bankruptcy would come up obviously. The lender may either at that point remove your name from the loan application and/or factor in your husband's excellent rating. So for at least two years after filing Chapter 7, it would probably be better to not apply for credit where both names are required.
Answered on Mar 05th, 2012 at 2:36 PM
Bankruptcy Attorney serving Hampton, VA
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Haven Law Group, P.C.
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It won't affect him at all.
Answered on Mar 05th, 2012 at 2:29 PM
Probate Law Attorney serving Colorado Springs, CO
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John E. Kirchner
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Generally, your credit history doesn't have any influence on your spouse's credit history. If/when you and he attempt to incur joint debt (home mortgage, for example) your lower credit score might have some effect on getting the loan, but it won't change his separate status.
Answered on Mar 05th, 2012 at 2:21 PM
Domestic Relations Attorney serving Huntsville, AL
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Ferguson & Ferguson
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There should be no ramifications to his credit what so ever.
Answered on Mar 05th, 2012 at 2:04 PM
Your bankruptcy may make joint purchases impossible or very expensive. You should discuss how you are going to handle those purchases before you get married. A premarital agreement about how you will characterize major purchases should be considered particularly if it looks like he will end up being the only person on the loan even though you will contribute funds and/or make payments.
Answered on Mar 05th, 2012 at 12:12 PM
Bankruptcy Attorney serving Hayward, CA
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Carballo Law Offices
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Bankruptcy won't affect your future spouse's credit.
Answered on Mar 05th, 2012 at 11:25 AM
Theodore W. Robinson
It shouldn't adversely affect his credit at all especially since it happened before you married him.
Answered on Mar 02nd, 2012 at 10:34 PM
Immigration Law Attorney serving Hialeah, FL
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Hernandez & Suarez, PL
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Your credit score is personal. Getting marry will not automatically commingle your credits. Thus, your husband's credit score will not be affected by yours.
Answered on Mar 02nd, 2012 at 10:16 PM
William P. Turner
Your credit report is distinct from that of your spouse's. As such, a bankruptcy on one spouse's credit report should not affect the credit report of the spouse who does not file bankruptcy. So, your prior bankruptcy should not affect you new husband's credit. However, when married couples seek a mortgage to buy a home, some lenders insist on looking at both spouse's credit report. So, your credit could impact his ability to get a new mortgage, but only with some lenders. There are some lenders willing to look only at his income and credit.
Answered on Mar 02nd, 2012 at 10:09 PM
Business Bankruptcy Attorney serving Raleigh, NC
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J.M. Cook, P.A.
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It will not affect his credit at all.
Answered on Mar 02nd, 2012 at 10:01 PM
Generally, one's credit does not affect another person's credit by simply getting married.
Answered on Mar 02nd, 2012 at 9:59 PM
Bankruptcy Attorney serving Overland Park, KS
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The Smalley Law Firm, LLC
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Your credit score should have no direct effect on your spouse's credit score.
Answered on Mar 02nd, 2012 at 9:58 PM