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This should not show up on your personal credit report, but if you jointly apply for a loan (it is usually required that both spouses be on real estate transactions) it will be listed as one of his obligations and possibly reduce the amount that will be approved. And if the cosigned loan is in default or has been charged-off or repossessed, it could make it difficult to get a joint loan.
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∙ 20y ago
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If your spouse co-signs for someone will it affect your credit too?
No, your credit rating is separate from your spouse. If he or she cosigns it will only effect his or her credit rating.
How does filing for personal bankruptcy affect a former spouse's credit rating?
The only way it could possibly affect the former spouse's credit is if you are including debt in your BK that the spouse may be jointly obligated on; regardless of who was responsible for that debt in the divorce decree. It the spouse was not a co-signer on any of the debts you file BK on, then they won't be affected.
If you have bad credit will it affect the credit score of your spouse?
Your credit standing alone won't affect your spouse's credit. The only way your spouse's credit would be affected along with yours is if you jointly hold accounts and then fail to pay them.
If a spouse's car gets repossessed after their death does it affect your credit rating?
If your name was on the note, yes.
Can a spouse's business tax lien affect your credit rating?
I would say it depends on a real crucial issue: Are you part owner of the business? If not, his liens and/or credit issues should not appear on your credit. Yes
Will the surviving spouse's credit rating be affected by the repossession of the deceased spouse's car?
AnswerIf the surviving spouse was not a joint borrower on the vehicle loan the repossession affect/appear on their credit report.
If your spouse co-signs for someone will it affect your credit too?
No, your credit rating is separate from your spouse. If he or she cosigns it will only effect his or her credit rating.
Will your spouse's credit score be affected if your individually owned property is foreclosed spouse's name is not on the deed?
Your spouse's credit score should not be affected if he/she is not on the deed or on the mortgage that was foreclosed.
How does filing for personal bankruptcy affect a former spouse's credit rating?
The only way it could possibly affect the former spouse's credit is if you are including debt in your BK that the spouse may be jointly obligated on; regardless of who was responsible for that debt in the divorce decree. It the spouse was not a co-signer on any of the debts you file BK on, then they won't be affected.
If you have bad credit will it affect the credit score of your spouse?
Your credit standing alone won't affect your spouse's credit. The only way your spouse's credit would be affected along with yours is if you jointly hold accounts and then fail to pay them.
If mortgage note is in the name of a deceased spouse but your name is on the deed will your credit be affected if you chose to walk away from the home?
If you are only on the title, then your credit will not be affected.
Does filing a prenuptial agreement keep one spouse's bad credit from attaching to the other spouse?
A prenuptial agreement does not have any bearing on whether credit will be affected.
If a spouse's car gets repossessed after their death does it affect your credit rating?
If your name was on the note, yes.
Can you build your credit rating by co-signing on a loan with your spouse?
Yes - the loan, if reported, would be reported on both parties credit reports.
If your daughter's car is in your name and she is not paying can you let it get repossessed without ruining you and your spouse's credit rating?
No. You are the primary borrower, and it will be entered as a repo. on your credit report.
If you remarry is the new spouse affected by one partners bankruptcy prior to the marriage?
Only when the new spouse is applying for credit jointly with the bankrupt partner.
Is the new spouse reliable for child support in pa?
No, but if arrears exist, joint assets and credit may be affected.
