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

Member

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

If you buy a house before you get married it won't matter what her score is, at least not until you want to move or refi, buy a car, etc.
EX: 675 / EQ: 737 / TU: 693
Moderator

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


DiC916 wrote:
If you buy a house before you get married it won't matter what her score is, at least not until you want to move or refi, buy a car, etc.

You can always leave the spouse off the mortgage application; however, it means the single individual will have to qualify for the house on income for the almighty DTI calculation.  

Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 758, EX 2 758, EQ 8 795, TU 8 762, EX 8 786 (7/28/17)
Goal Score:    EQ 5 750, TU 4 750, EX 2 750, EQ 8 800, TU 8 Blah, EX 8 800 (01/01/18)


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Member

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

He said she doesn't work, so she has no income to add.
EX: 675 / EQ: 737 / TU: 693
New Contributor

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

My buddy just bought a house (this week).  His wife has terrible credit and they shared credit cards.  She doesn't work either.  Since they had balances on shared cards, they removed her from the cards and he applied solo, since he had good credit.

 

You say "a girl you like".  That kind of indicates that you either just started seeing eachother, or plan to.  If you are at a stage this early in the relationship, I would suggest talking to her now about this and get her set on the right track with her credit.  Let her know that if she is serious about the relationship moving to that stage at some point, it's important for both of you that she does this.  Teach her.

 

If you don't want to talk to her about this, re-evaluate the relationship, or don't include her in the mortgage.  Up to you.

Valued Contributor

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


DiC916 wrote:
He said she doesn't work, so she has no income to add.

he also said he isn't in a relationship and that all of this is hypothetical. He's borrowing trouble worrying about what "might, could, maybe happen"

625 EQ FICO Current Score: 660 DCU EQ FICO/ 645 Scorewatch EQ FICO , EX FICO 664, TU FICO 737 (08/2014)
Goal Score: 700   Seedling again as of 07/29/14
Regular Contributor

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


RUN AWAY!

 

No. Seriously. It's not the "no CC" thing which is odd, it's the "never worked in her life". For me, that would scare me off. But that's just me.

EQ - 727
TU - 752
EX - 774
New Visitor

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

This. I'd be more concerned about never having worked in her life. Unless you like the idea of providing everything financial on your own.

Starting score: 712
Husband's starting score: 584

Goals: new car for me next year; house in 2 years.
New Contributor

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

are you able to suppport her and her current lifestyle? If not run and run fast. 

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2/18/2015
Fico EQ 682 - EX 691 - TU 699
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Established Contributor

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


SomeGuyOnTheWeb wrote:

JoshNurse wrote:

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


RUN AWAY!

 

No. Seriously. It's not the "no CC" thing which is odd, it's the "never worked in her life". For me, that would scare me off. But that's just me.


Maybe she is young? 17-18? That is not uncommon. Smiley Happy

FICO® EQ 717 (3/5/15); TU08 732 (3/5/15); EX: 723 (3/5/15) - Last app 3/15/15; Inquiries: A TON!

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Valued Contributor

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


notfancy wrote:

DiC916 wrote:
He said she doesn't work, so she has no income to add.

he also said he isn't in a relationship and that all of this is hypothetical. He's borrowing trouble worrying about what "might, could, maybe happen"


 

625 EQ FICO Current Score: 660 DCU EQ FICO/ 645 Scorewatch EQ FICO , EX FICO 664, TU FICO 737 (08/2014)
Goal Score: 700   Seedling again as of 07/29/14