My fiance has bad credit and high debt. How does this affect me when we get married?

My credit is good and I try to always pay bills on time or early. I have some debt as well but so far its under control.

So what should my concerns be regarding his bad debt and our marriage?

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7 Comments at "My fiance has bad credit and high debt. How does this affect me when we get married?"

Pierce June 5th, 2010 (#)

heck ya you wont be able to buy things because youll get in more debt

Your Hero June 5th, 2010 (#)

well, When you guys goto buy a house it is gonna be a lot more difficult to get a good mortgage rate if any mortgage if his credit is real bad…I would dump him now and dont marry his sorry ass..

tonalc1 June 5th, 2010 (#)

It depends what state you live in and the community property rules. Sometimes only the debt incurred after marriage is shared.

However, just generally you’re going to be suffering from his bad money management skills; and you’re going to have a tough time getting a mortgage or making purchases together.

Juan A June 5th, 2010 (#)

His credit rating will improve because of your good rating.

Noah M June 5th, 2010 (#)

Your credit will stay completly seperate from your fiance’s as long as you don’t open any joing accounts together. Once you apply for a credit card together or mortgage/car loan then you will pay the price by paying higher intrest rates. Although the things you own become community property in most states, his debts will not show up on your credit report unless you opened up the line of credit together. Hopefully some of your good credit habits rub off on him when you get married!

Cali Girl June 5th, 2010 (#)

Depending on the state you live, but for the most part it is all considered separate debt, however, once you marry anything new from that day one is both of your debt. Make sure he does not rack up a large bill on the credit cards, because you could end up paying for half if you ever separate!

JuneB June 5th, 2010 (#)

One of the fastest ways to get cash with bad credit, and little hassle, would be with a payday loan. Yes they have terrible interest rates but they are taking a risk. This site offers more details about the payday loans as well as various sites offering the loans, many without even a credit check. Do your homework. Best starting point is here:

http://tinyurl.com/23zhb7

Good luck.