Joint Credit Score
Married couples have a joint credit score, and the score of one spouse can affect the other.
Learn more about a joint credit card, joint mortgage and a joint auto loan.
It's not uncommon to see married couples argue; and sometimes divorce, over money problems. Although an individual's credit score may be a senstive issue, its a topic that perhaps should be discussed between couples prior to marriage. If you are still single, before your marry discuss credit with your spouse-to-be. Reveal to each other your credit scores and look-over each other's credit report. Once you do marry, continue discussing credit to include how any debts accumulated by either spouse will be settled should you divorce.
If you happen to have a better credit score (by 100 or more points), consider applying for loans without your spouse as a co-signer.
If your spouse has bad credit, get him/her a credit card from your credit card issuer. Many credit card issuers will allow a second card to be issued to a spouse, and even to a friend. Also, each of your should keep one credit account separate from the other. This way, the good credit spouse can maintain a good credit track record for one account, and the bad credit spouse can establish or rebuild bad credit.
Don't forget... joint credit affects both spouses. And even if your spouse gets; for example, a credit card in his/her own name and runs up unpaid debt, your state law may still make you liable to repay your spouse's debt even if your name is not listed on the account, and even if you were not a co-signer.
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