Should i marry someone with bad credit

It is simply an important part of establishing a united approach for how you as a couple will handle these things in the future. If you change your name after marriage, your credit reports will be updated with the new information.

But your credit history and credit reports will not otherwise change. After the Social Security Administration and creditors are notified of your name change, the new information will be reported to the three major credit bureaus Equifax, Experian and TransUnion , so it's not necessary to contact them. If you do want to contact the credit bureaus, you can contact Equifax by sending a letter with your request and a copy of your marriage certificate to:.

You can contact Experian and TransUnion online to find out the proper procedures for updating your credit reports. Getting married automatically makes all your accounts joint accounts. Unless you add your spouse as an authorized user on a credit card account or the two of you jointly apply for a loan or open a joint credit card account, your individual accounts will not merge.

That might temporarily lower your credit scores. If you use your credit cards responsibly , for example, you could both improve your scores. But your scores could drop if either of you are late with payments on a joint credit card. Marrying someone with bad credit may not automatically hurt your credit score.

Or your application might even be denied. But you should inform your lenders of your new name. And both of you are financially responsible for paying the debt. Measure ad performance. Select basic ads. Create a personalised ads profile. Select personalised ads. Apply market research to generate audience insights. Measure content performance. Develop and improve products. List of Partners vendors. Part of. Marriage and Finances Overview Budgeting. Bank Accounts. Table of Contents Expand.

Table of Contents. By LaToya Irby. Bankruptcies can remain on your report, impacting your score, either seven or 10 years, depending on the type of bankruptcy. Building Credit. Your Privacy Rights.

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The Legal Side of Marriage. Marriage and Taxes. Table of Contents Expand. How Credit Scores Work. Taking Out a Joint Loan.