I have a huge student loan and credit card debt I am trying to pay off. I will also be getting married next year to somone who has a gredit credit score. I’m working to get out of my credit card debt but my student loan will take 20 year s to pay off. I do not have a good credit score right now but I’m working on improving that. We eventually want to move into a bigger house in about 6 years, but I’m worried my credit and bad debt will affect my future husband’s good credit once we are married.
When I get married will my score and debt affect my spouse’s ability to get a home loan? Can he get approved without my credit score once we are married? Does my bad pre married debt affect his credit score?
Short answer, no. But the real issue is that we need to focus on making your credit score better. Here are some past articles on how to rebuild credit.
The only way your bad credit score impacts the home loan process is that your income can’t be counted in the mortgage process unless you are a co-applicant. If you don’t apply because your credit score is bad then it lowers the amount of the mortgage you may be eligible for.
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