Highlights:

• Bringing age wouldn’t affect their credit history, credit history otherwise credit ratings
• One to wife or husband’s less than perfect credit won’t affect the most other mate — unless you together apply for that loan or open a joint account
• Maried people need-not sign up for borrowing from the bank to each other

Engaged and getting married function combining your own existence – and may even suggest consolidating your bank account. However, there are a few misconceptions in the tying the knot and how this may effect credit file and you can fico scores – or perhaps not.

“Nobody mentioned that speaking of borrowing from the bank habits, personal credit card debt, spending plans, senior years accounts, and savings is actually close. However it is crucial,” said Zehra Mehdi-Barlas, manager of pr getting Around the world Consumer Choices within Equifax.

“For people who plus partner propose to merge your money, information their unique values with regards to credit, contributing to discounts, form monetary goals, and you may doing typical finances isn’t a discussion in order to timid aside away from. (more…)