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How Does Getting Married Affect Your Credit Score

What If My Spouse Has Bad Credit

Does Marriage Affect Your Credit Score? What Getting Married to Bad Credit/Good Credit Means To You

A spouse’s poor credit score won’t immediately affect your own. It could be an indicator that they struggle to stick to a budget or manage their own finances. On the other hand, it could be a result of past mistakes that they learned from and haven’t repeated. To find out, have a candid conversation about what contributed to their score and how they’re addressing it before tying the knot.

In the meantime, if you want to get a loan with a spouse who has bad credit, it could lead to disappointment. When you apply for a mortgage as co-borrowers, for instance, lenders typically use the lowest credit score between you two when assessing the application, according to the Consumer Financial Protection Bureau. You could apply as an individual borrower, but only your income would be considered, and you might not qualify for as large a mortgage. You also could run into trouble if you’re looking to rent an apartment together, since landlords often check credit as part of the rental application process.

Learn How Getting Married Could Impact Your Or Your Spouses Credit Scores And Reports

Youâre getting married. Itâs romantic! Itâs exciting! Itâsâ¦sometimes overwhelming. With so much to plan and do, you might not have thought about how marriage affects your finances. For example, what happens to your credit? Does your spouseâs credit affect yours? And are you responsible for each otherâs debt?

The short answer is that getting married may not affect your credit straight away. But how you both choose to manage your money after youâre married might. Read on to find out how.

Do Spouses Credit Scores Ever Match Exactly

Possibly, but it would be extremely rare. Many factors that go into calculating depend on your entire credit history. For example, credit age is the third biggest scoring factor. It looks at how long youve maintain each account you have in good standing.

So, how you used credit before you got married will still impact your score long after you tie the knot. After many years together if you hold all your post-nuptial debt jointly, then both spouses scores should be fairly close. But for the most part, theyll never be exactly the same.

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Do All Your Bank Accounts And Credit Accounts Automatically Become Joint With Your Spouse

When you get married, your bank accounts, loans and credit cards dont automatically become joint accounts. Banks and credit card providers dont convert your account unless you ask them to.

That means your spouse doesnt get automatic access to your credit card just because theyre now legally bound to you. You still have to call the credit card provider and add them as a user on the account. The same is true for both checking and savings accounts.

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Monitoring Your Credit Score

How Does Getting Married Affect Your Credit Score ...

Monitoring your credit reports has gotten a lot easier lately.

Free services such as and will send you updates about your score via text or app.

In ordinary times the federal government allows everyone to get a free credit report from each credit bureau once a year.

Now, because of the coronavirus pandemic, you can get a free credit report once a week at

This special provision is set to expire in April of 2021.

You dont want to be surprised by your spouses credit or your own poor credit when you apply for something as important as a mortgage.

By monitoring your credit every month youll know about inaccuracies and mistakes before they cause problems.

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What Happens To Your Credit When You Get Married

Getting married does not change your credit file or your spouse’s, but both partners’ credit health can impact future efforts to borrow money or share credit-card accounts as a couple.

That’s why, well before you say “I do”and at regular intervals afterwardyou and your partner should put all your financial records on the table. That includes savings, salaries, investments, real estate and especially credit. Review your together so you both know where you stand, and to help prevent unpleasant surprises in the future.

If one of you has a less-than-glowing credit history, it will affect both of you once you start applying for loans together, opening joint accounts or taking on any other joint debts.

Consider The Possibility Of Keeping Your Accounts As Separate As Possibleonce You Get Married

“This doesn’t work for every couple, but obligating yourself to just your own separate accounts can make things cleaner in the event of a divorce,” Droske said. This way, you won’t have to worry about a partner failing to make a payment on a card that’s under your name.

Of course, there are some financial obligations that just might be harder to keep separate like a mortgage payment on a house . You may also consider a prenup so you can plan out how to divide obligations and assets in the event of a divorce. But if you and your partner prefer to combine all your finances, here are three important recommendations from a family wealth advisor that you might want to consider.

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Does Changing Your Name When You Get Married Affect Your Credit Score

No, changing your name when you get married does not affect your credit score. Although when you change your name, you will have to change it with the DMV, Social Security Administration, on your accounts, and with your bank, changing your name has no impact on your credit score. That said, your previous name and your new name will appear on your credit report under the Names or Aliases section. Your new name will be added to your credit report as soon as your creditors and lenders begin updating your personal information with the credit reporting bureaus.

Sometimes when you change your name, financial institutions may report the wrong name or mix up your first name with your last name. If this occurs, you can file a dispute with the credit reporting agencies to have the wrong name removed from your credit report.

That said, you will not be able to remove your old name from your credit report as it will continue to appear on your credit report. So, if you were thinking that you would lose your credit history if you changed your name, rest assured that you will not, as your name will only be updated with the credit reporting bureaus. All you have to do for your new name to be updated with the credit reporting bureaus is contacting your creditors and the information will automatically be updated with the credit reporting bureaus.

Your Spouses Bad Credit Will Affect Your Credit Score

How Does Getting Married Affect Your Credit Score?

One thing that people who care a lot about their credit score tend to look out for is someone with bad credit. In fact, many people wont even consider dating someone if they have a bad credit score. The truth is that their credit score has no impact on yours though. Even after you get married, their credit score stays linked to them through their social security number, and yours stays linked to you. Working together to improve your spouse’s credit score is a great idea though, as their poor score could affect loans, mortgages, and more. In addition, while their score will not affect your score, and neither will their debts and any other outstanding obligations affect yours, in the case of a divorce, depending on how the proceedings go and how you may have structured your prenup agreement, you could end up responsible for their debt even if you were not the one who made it.

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How Does Getting Married Affect Your Credit Score

Now that you have a better understanding of credit scores, how does marriage affect credit? When you get married, your credit scores stay the same. The idea that your credit scores merge or lower each other is just a myth. Before you make any financial decisions together, it’s a good idea to seek advice from loan experts. EVEN Financial is a resourceful site that provides an easy, quick, and comprehensive loan search online from top providers. Oftentimes, married couples will pay bills out of a joint checking account. EVEN Financial offers great loans for consolidation to guarantee couples are not paying a ridiculous amount in fees.

It’s important to know that your spouse’s past credit history will not impact your profile. However, when you open a joint account, your information may be shared on each other’s reports. “Credit records which are established prior to the nuptials are never shared, inherited, or combined,” says divorce attorney Bruce Provda. “Marriage doesn’t affect your credit score if you take your spouse’s last name. Everyone has their own credit report and scores, even if they live in a community property state.”

Does Marriage Affect Your Credit Score

Tying the knot may be a life changing event, but it wont change your credit score. However, depending on your credit histories, it might impact your effort to get a joint credit card or mortgage together. Here are some important things to know before you walk down the aisle.

If youre planning on getting married, taking steps to protect your credit score could really pay off. That includes paying your bills on time, carefully managing your spending, and contacting lenders and service providers if you do run into trouble. That way, you could be better positioned to manage the uncertainty and build towards your long-term goals. Here are a few things you can do:

  • make a budget to know where you and your partner stand. Our Barclays Budget Planner can help
  • if you anticipate problems paying a credit card or loan, contact lenders right away to explore your options
  • if you think youll be late paying your phone, utilities or other service providers, contact them to discuss a possible arrangement

If youre worried about being affected by the current COVID-19 crisis, you can also find helpful advice at Barclays money management on how to manage during this period. If youre looking for financial help during the crisis, Coronavirus help and support has information that could be useful.

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Can Your Spouses Bank Account Be Garnished For Your Debt

If youre the spouse with bad credit and your wages are garnished because of a court judgment, you may worry that your spouse will be affected.

In most cases, a judge will not allow the creditor to take money from your spouses bank account if the debt was solely yours. However, if you live in a community property state, then the court may allow the creditor to garnish from your bank account as well.

Can Married People Jointly Refinance Their Student Loans

How Does Getting Married Affect Your Credit Score?

Student loan refinancing can be a way to streamline your payments, reduce your interest rate and lower your monthly payments. If you both have student loan debt, you may be wondering if you can refinance your loans and consolidate them together to take advantage of your spouses higher credit score or income.

Few lenders offer refinancing for married couples. However, most private refinancing lenders allow spouses to co-sign their partners loan applications. As a co-signer, youll share responsibility for the loan. If you have good credit and steady income, you can help your spouse qualify for a better rate than theyd get by themselves. But as previously mentioned, you will be responsible for payments as a co-signer if your spouse cannot make the payments.

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How Credit Scores Work

Your credit score is an assessment of your creditworthiness, based on the items in your credit report at one or more of the three major national . Your credit report includes your borrowing history and your track record for repaying your debts, such as monthly credit card bills, on time.

Having a good credit score is important not only when you want to borrow money to buy a car or a home but even when you aren’t borrowing. An insurance company, for example, might look at your credit score in setting your rates, a landlord might look at it in deciding whether to rent you an apartment, and a prospective employer might check it before offering you a job. In other words, it is used to assess how reliableor riskyyou are likely to be in any number of situations.

You may not have any credit history before you get your first credit card, but after that, it will build up month after month. By the time you get married, you may have accumulated a substantial record.

How Can Your Spouses Credit Score Affect You

Your spouses credit history wont hurt, change or erase your credit score or credit history. So if you have a glowing credit history, you wont automatically be harmed by marrying someone with a poor credit rating. That said, marriage is about building a future together. So it makes good sense to know each others financial histories before you get hitched since your life decisions will be affected by each others financial well-being.

Whats more, both your and your spouses credit reports and scores are considered if you apply for a joint bank account, or try to get a loan, or mortgage together. So if your spouse has a bad credit history, you could be offered a higher interest rate as a result. Of course, each application is subject to financial circumstances and borrowing history.

Its also important to remember that when you open an account or get a loan together, you both become equally responsible for repaying it. That means any late or missed payments will be reflected on both your credit scores. It really pays for newly married couples to be open and honest about your finances when you start planning your future together.

Heres how to check your credit scores. Its also smart to look at your salaries, debts and existing investments. If one of you is dealing with a poor credit history, you can find out more at what is a bad credit score.

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So What Can You Can To Protect Yourself

If you have a joint loan, or have co-signed on a loan, check your credit reports from TransUnion and other credit bureaus regularly to see how the other person is maintaining the account. That way, you can address any potential problems early to avoid an issue on your own credit rating down the line.

The Importance Of Your Credit Health


Getting married will have little to no impact on your credit score. This means that the health of your credit score is entirely in your hands despite your marital status. In the future, you and your spouse, or you alone, may want to apply for credit, your credit score will have an impact on your ability to do so. To ensure your credit score remains healthy, make sure to use your credit cards and loans responsibly and monitor your credit score annually.

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What If Your Spouse Passes Away

As a general rule, no one is obligated to pay the debt of a person who has died, but there are a couple of exceptions.

In community property states, youd be responsible for any debts incurred during the marriage in the event your spouse dies. And in any state, if you opened a joint account with your spouse, youd be responsible for that debt after their death. Across the board, authorized users are not responsible for a deceased cardholders debt.

This is a good reason to keep credit card accounts separate when youre married, says McKague: Legally speaking, there is no obligation. In most cases, I would tell spouses in a non-community property state, for all intents and purposes, to just hold separate accounts.

Finally, you should hammer out some specific details in you and your spouses wills. Depending on the size of your partners individual assets such as retirement savings, properties and cash savings a lot could be at stake if your spouse also had considerable debt before passing away.

When someone dies, courts typically order the settlement of any outstanding debts through a process called probate. Therefore, while you might not be on the hook directly for your spouses debt, that debt might have to be settled before you can access any money left to you by your loved one.

Can Getting Married Impact My Credit Score

Short answer, no. The act of getting married should not help or hurt your credit score. The individuals in a relationship will not suddenly have their financial history merged. This can be important to know if one party has had negative financial events in the past, such as defaults or even bankruptcy.

This is because your credit score and credit history are a personal, individual assessment of your creditworthiness. However, there are aspects of marriage that may impact your credit score, including:

  • Joint credit cards

Taking out a credit card together is may be one of the earliest forms of merged finance a couple undertakes, after a joint bank or savings account. And just like with any financial application, applying for a joint credit card will impact your credit history.

Firstly, the financial history of each member of the relationship will be assessed, and if one or all credit scores dont meet the credit issuers eligibility criteria, the application may be rejected which may hurt both credit scores.

Secondly, if the couple are approved for a card, they are both responsible for meeting repayments. If one person is constantly overdrawing or maxing out the card this can cause significant financial and relational stress come statement time. Its invaluable that the couple are on the same page about credit card usage and repayments.

  • Joint loans
  • Name changes

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