His Score | Her Score
Before you say ‘I do’, have full disclosure as to credit history and current debts. It’s best to have a clear understanding of each other’s financial obligations. No mystery and no surprises – a great way to start a life together.
Good news – you don’t have to wonder about maintaining your own identity.
Your credit report|credit score, like your social security number, belongs to you for this lifetime. Your credit score will not increase or decrease because of your spouse’s score unless you jointly have credit cards, short term loans and/or mortgages together. How you pay these obligations will affect each of you.
If you and your spouse buy a home together and your spouse has a low credit score this may negatively impact your ability to get a low interest mortgage. As a result, you may have to purchase a less expensive home because of higher interest rates. You always have the option of beginning a letter campaign to the 3 major credit bureaus and challenge negative reported items on your credit report. This process may take a very long time.
Buying a home, re-financing or otherwise using credit for purchases.
You’ll likely need fast results so consider the expertise and power of CreditDefenseLegal.com. CreditDefenseLegal.com offers credit restoration specialists and licensed attorneys ready to battle your negative reported items.