If your Debt Review Court decision has not yet been granted, you must also reapply if you were married in a community of property (COP) or in the event of a joint application. If your Debt Review Court decision has not yet been granted, you must also reapply if you were married in a community of property (COP) or in the event of a joint application. If you are married in a community property (married COP), you must also apply for a debt check. If your Debt Review Court decision has not yet been granted, you must also reapply if you were married in a community of property (COP) or in the event of a joint application.
If you are married in a community property (married COP), you must also apply for a debt check. In other words, if you are unable to pay your debts, your creditors can legally reclaim the money from your spouse.
Does my credit rating affect my wife?
It might not be the same model that your lender uses, but it can be an accurate measure of your credit score. Knowing what’s on your credit reports and understanding how you can impact each other’s credit scores can help build a solid financial foundation for your marriage. For example, if you apply for a joint loan to get a mortgage or Mazda Miata, the lender will pull hard and analyze the creditworthiness of each co-borrower listed in the loan. Your credit score isn’t affected by simply marrying someone with good or bad credit, but there are scenarios where their credit history can affect your credit score and ability to take out a mortgage.
References:
- When You Get Married, Do You Share Debt? – Experian
- Debt Counselling and Marriage in Community of Property | Debt-911 Debt Counselling
Barry Ritholtz is a renowned finance expert, author and blogger. With over 30 years of experience in the financial industry he has gained a reputation as a thought leader and influencer in the investment community.