Will my soon to be husbands credit affect mine?

Question

My fiance was hit with several hospital bills mistakenly under his father's insurance years ago, and we just found out about it a week ago. We are attempting to have the issue taken care of now that it has come to our attention. The bills have ruined his credit score, though, and we have just opened a bank account together in the last year. Will having this joint account cause his bad credit and collection bills to affect me? Because he has not paid these bills to the collection agencies could it start to affect my credit?

Answer 1

No. For example,"In most cases, nothing will happen to your credit after you exchange your “I dos.” You and your spouse will each continue to have separate credit reports containing your credit history. Your spouse’s credit history won’t appear on your credit report. Neither will your information appear on your spouse’s credit report. So, if your spouse a negative credit history, no one will ever know by looking at your credit report.

If the wife chooses to change her name, the new name will be reflected on her credit report. The theory that a wife changing her name erases her past credit history is not true. Since her credit report information is directly tied to her social security number, her credit report will continue to contain history under her maiden name and her married name."

The only time it can affect your report is if you two get a loan or mortage together....Hope that helps!!

Answer 2

Yes it will.

First you should really find out if that is the only thing he has, is he telling you the truth? Run a credit report on him.

Then, maybe consider not getting legally married for a while, ask an accountant.

Answer 3

opening a joint checking account doesn't affect either of your credit scores solely or jointly...if it were to become negative for such a time that it was sent to a collections agency..then it affects both of you equally.

as for your initial question due to the fact you are marrying him, his score in and of itself doesn't affect your score once the marriage is legal; hopefully this little mixup can be wiped clean. in the event the effects are lasting, it will definately affect you as an individual in the long run when looking to finance a home or car together or the necesity of income without having him on these types of financial necessities as time progresses, but so long as all the credit cards/loans/accounts you are on stay paid and positive, your score will only continue to rise. hope this answers your question

Answer 4

yes it will RUN away will you still can