Credit Cards Center Credit cards from our partners
Reply
Frequent Contributor
Posts: 489
Registered: ‎03-19-2013
0

If I get married with someone that has no credit...

Will her bad credit make me pay a much higher price for a house?

 

She does not have any credit cards and has never worked. I am not married and do not have a girlfriend. I just want to know what this is like.

Senior Contributor
Posts: 6,028
Registered: ‎04-30-2013
0

Re: If I get married with someone that has no credit...


JoshNurse wrote:

Will her bad credit make me pay a much higher price for a house?

 

She does not have any credit cards and has never worked. I am not married and do not have a girlfriend. I just want to know what this is like.


It will definitely impact you, unless you do not put her on any credit application. When it comes to a mortgage, they will most likely take the middle score of the person with the lesser credit score. That is at least how it worked for me in 2010. 

NFCU nRewards $25,000 I AMEX SPG $23,000 I Chase Sapphire Preferred $17,500 I Discover IT $12,000 I J.P. Morgan Ritz-Carlton $11,000
Frequent Contributor
Posts: 489
Registered: ‎03-19-2013
0

Re: If I get married with someone that has no credit...

A girl I like has never worked in her life and has no credit cards. Smiley Sad

Senior Contributor
Posts: 6,028
Registered: ‎04-30-2013
0

Re: If I get married with someone that has no credit...


JoshNurse wrote:

A girl I like has never worked in her life and has no credit cards. Smiley Sad


Sounds to me like you are in the perfect situation to guide her in the right direction from the start. Many of us here would kill for that opportunity. Plus, it could be a good talking point to get to know her better. Let's say, dinner and credit counseling? Smiley Very Happy

NFCU nRewards $25,000 I AMEX SPG $23,000 I Chase Sapphire Preferred $17,500 I Discover IT $12,000 I J.P. Morgan Ritz-Carlton $11,000
Community Leader
Senior Contributor
Posts: 30,824
Registered: ‎02-07-2013
0

Re: If I get married with someone that has no credit...

[ Edited ]

JoshNurse wrote:

Will her bad credit make me pay a much higher price for a house?

 

She does not have any credit cards and has never worked. I am not married and do not have a girlfriend. I just want to know what this is like.


Now is the time to start helping to improve her credit before applying for the loan....Question 

You stated she has bad credit.....Do you mean she has baddies or she has no credit at all due to not working because if she has no baddies her credit can be improved quickly by adding her as AU. 

 

Edit 

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Frequent Contributor
Posts: 489
Registered: ‎03-19-2013
0

Re: If I get married with someone that has no credit...

No baddies just no credit at all.

Community Leader
Senior Contributor
Posts: 30,824
Registered: ‎02-07-2013
0

Re: If I get married with someone that has no credit...

[ Edited ]

JoshNurse wrote:

No baddies just no credit at all.


Add her as AU to your cards and six months from now she'll at least have some scores However Fico 08 IIRC does not count AU's but this is a good start for her to build credit

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Senior Contributor
Posts: 8,517
Registered: ‎06-05-2013
0

Re: If I get married with someone that has no credit...


JoshNurse wrote:

Will her bad credit make me pay a much higher price for a house?


No credit isn't bad credit (the latter would include derogs).  Price isn't affected by credit.  Financing is.  Including her with no credit on your mortgage will probably result in less favorable financing.  If you can qualify on your own then terms may be better.  However, you could take steps to build her credit.

New Contributor
Posts: 73
Registered: ‎10-04-2013
0

Re: If I get married with someone that has no credit...

OP, adding her as an AU and having her open a few cards should give her a decent score after 2 years. I'm at my current scores having started January of last year so if you play your cards right, she could end up with good scores and then you would hypothetically get the best terms
Age: 23
Last Inq: 10/24/14. EQ: 770 (10-02-13), TU08: 797 (10-27-14), EX: ??
Chase Ink $18,500 | REI Visa $17,000 | Chase Freedom $10,000 | Discover IT $10,000 | Sallie Mae $10,000 | Amex BCE $9,000 | BOA 123 $7,500 | US Bank Cash+ $7,000 | Wells Fargo Rewards $4,900 | Walmart Discover $6,500 | Chase Amazon $1,000
Regular Contributor
Posts: 156
Registered: ‎05-02-2014
0

Re: If I get married with someone that has no credit...


myjourney wrote:

JoshNurse wrote:

Will her bad credit make me pay a much higher price for a house?

 

She does not have any credit cards and has never worked. I am not married and do not have a girlfriend. I just want to know what this is like.


Now is the time to start helping to improve her credit before applying for the loan....Question 

You stated she has bad credit.....Do you mean she has baddies or she has no credit at all due to not working because if she has no baddies her credit can be improved quickly by adding her as AU. 

 

Edit 


Now is the time, and by all means help her, but don't worry about it for yourself if you're not already planning on a life together. 

 

I'm on the flip side, by the way; my fiancee has great credit, but mine is only "fair to good." My goal is to have it excellent by the time we buy a house together. These are relationship things worth talking about, but down the line!


Gardening since May 2015
Starting Score: 585
Current Score: 709 EQ (MyFico) , 740 EX , 747 TU (Discover FICO)
Goal Score: 790


Take the myFICO Fitness Challenge

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.