Your credit score is very important for securing future loans and low interest rates. The widest used credit scoring formula is the formula developed by the Fair Isaac Corporation, known as the FICO score.
Misconceptions
Simply getting married does not affect your credit score or your wife's credit score. The FICO credit scoring formula does not consider your marital status.
Considerations
Only joint accounts that you have with your spouse will affect your spouse's credit score. For example, if you open a joint credit card, that account will affect both of your credit scores. However, if you open a new credit card without your wife, that will not impact her credit score.
Benefits
The credit bureaus never combine credit scores for two people; each person always has her own score. This way, if a marriage ends, each person will continue to have his or her own score.
0 comments:
Post a Comment