Legal Question in Credit and Debt Law in Florida
Credit
I have good credit but my fiance has bad credit. Will this hurt me when we are married?
Asked on 2/26/07, 1:05 pm
1 Answer from Attorneys
Barry Kaufman
The Law Office of Barry W. Kaufman
Re: Credit
Possibly, particularly when you go to buy a home and you need both incomes (and therefore both credit histories) to get a mortgage. It's not so much that you won't be able to get a mortgage, it's that you'll be paying a higher interest rate that you would if the two of you had good credit.
Of course, if you alone have an income sufficient to qulaify for the mortgage, and you don't need your husband's income, then it won't matter for this purpose that your fiance has bad credit.
Answered on 2/26/07, 3:16 pm