The following is a guest post from attorney Adam Black, a member of the ABA and New York State Bar Association.
Recently married? Have you been married for years? Either way, your spouse’s credit history can have an impact on you.
On many occasions, clients ask our firm if their credit scores, and overall financial situation, can affect their spouse. In regard to how your credit score will affect your spouse, there is some good news. The short answer is that it won’t – your credit score will not directly impact your spouse’s credit score. Although, in some instances, a spouse with a poor credit score can have an indirect effect on your ability to obtain new lines of credit.