Will it affect my credit score if the person I'm married to has defaulted in one loan but it's not a joint one?
Keep calm and relax! If that
Keep calm and relax! If that defaulted loan is not a joint one, it won't affect your credit score.
No. It shouldn't affect your
No. It shouldn't affect your credit score. Why should it affect your credit score? It's not joint debt. However, there is one factor that you should beware of. If you live in a community property state, then you'll be responsible for the debt if it was incurred after marriage.
Do you have a joint account
Do you have a joint account with your husband? If no, then it will not affect your credit score/
Submitted by Sanders Patricia on Fri, 08/16/2019 - 06:01
Irrespective of whether your
Irrespective of whether your spouse incurred the debt before or after marriage, discuss and plan a budget to solve it. Ultimately, both of you have to work together for a better financial future.